Fox Run Management L.l.c. adds ConAgra Foods Inc (CAG) to its portfolio

ConAgra Foods Inc (CAG) : Fox Run Management L.l.c. added new position in ConAgra Foods Inc during the most recent quarter end. The investment management firm now holds 19,500 shares of ConAgra Foods Inc which is valued at $925,080 , the company said in a statement filed on Jul 18, 2016 with the SEC.ConAgra Foods Inc makes up approximately 0.43% of Fox Run Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Jacobs Coca reduced its stake in CAG by selling 500 shares or 6.17% in the most recent quarter. The Hedge Fund company now holds 7,600 shares of CAG which is valued at $366,168. ConAgra Foods Inc makes up approx 0.08% of Jacobs Coca’s portfolio.Dnb Asset Management As boosted its stake in CAG in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 45,571 shares of ConAgra Foods Inc which is valued at $2,201,079. ConAgra Foods Inc makes up approx 0.05% of Dnb Asset Management As’s portfolio.

ConAgra Foods Inc closed down -0.33 points or -0.69% at $47.44 with 27,29,017 shares getting traded on Wednesday. Post opening the session at $47.87, the shares hit an intraday low of $47.4 and an intraday high of $47.87 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Investors should note that on Jul 12, 2016, ConAgra Foods Inc announced a cash dividend of $0.2500. The company’s management has announced Jul 27, 2016 as the ex-dividend date and fixed the record date on Jul 29, 2016. The payable date has been fixed on Aug 31, 2016.

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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