Sageworth Trust Co Lowers stake in ConAgra Foods Inc (CAG)

ConAgra Foods Inc (CAG) : Sageworth Trust Co reduced its stake in ConAgra Foods Inc by 47.81% during the most recent quarter end. The investment management company now holds a total of 43,388 shares of ConAgra Foods Inc which is valued at $1,994,980 after selling 39,746 shares in ConAgra Foods Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.ConAgra Foods Inc makes up approximately 0.47% of Sageworth Trust Co’s portfolio.

Other Hedge Funds, Including , Cambridge Advisors boosted its stake in CAG in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 4,803 shares of ConAgra Foods Inc which is valued at $220,842. ConAgra Foods Inc makes up approx 0.10% of Cambridge Advisors’s portfolio.Palisade Asset Management boosted its stake in CAG in the latest quarter, The investment management firm added 8,000 additional shares and now holds a total of 17,738 shares of ConAgra Foods Inc which is valued at $854,617. ConAgra Foods Inc makes up approx 0.16% of Palisade Asset Management’s portfolio.Gateway Investment Advisers reduced its stake in CAG by selling 60,452 shares or 10.12% in the most recent quarter. The Hedge Fund company now holds 536,801 shares of CAG which is valued at $25,863,072. ConAgra Foods Inc makes up approx 0.22% of Gateway Investment Advisers’s portfolio.North Star Investment Management Corp. reduced its stake in CAG by selling 50 shares or 4.76% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of CAG which is valued at $48,180. ConAgra Foods Inc makes up approx 0.01% of North Star Investment Management Corp.’s portfolio.

ConAgra Foods Inc opened for trading at $46.39 and hit $47.04 on the upside on Friday, eventually ending the session at $46.76, with a gain of 0.75% or 0.35 points. The heightened volatility saw the trading volume jump to 23,72,827 shares. Company has a market cap of $20,515 M.

On the company’s financial health, ConAgra Foods Inc reported $0.52 EPS for the quarter, based on the information available during the earnings call on Jun 30, 2016. Analyst had a consensus estimate of $0.52. The company had revenue of $2827.50 million for the quarter, compared to analysts expectations of $2894.77 million. The company’s revenue was down -9.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on ConAgra Foods Inc. Company shares were Reiterated by RBC Capital Mkts on Jul 1, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $48 .

ConAgra Foods Inc. operates as a packaged food company. The Company offers branded and private branded food to households as well as commercial foods which serves various restaurants and foodservice operations. The Company operates in three segments: Consumer Foods Commercial Foods and Private Brands. Its brands include Banquet Chef Boyardee Egg Beaters Healthy Choice Hebrew National Hunt’s Marie Callender’s Orville Redenbacher’s PAM Peter Pan Reddi-wip Slim Jim and Snack Pack among others. The Company sells its products under private brand labels in grocery convenience mass merchandise club and drug stores. Additionally ConAgra Foods supplies frozen potato and sweet potato products as well as other vegetable spice bakery and grain products to restaurants commercial and foodservice customers. It has international manufacturing facilities in Argentina Mexico and interests in ownership of international manufacturing facilities in India and Mexico.

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