Guardian Investment Management buys $1,334,517 stake in ConAgra Foods Inc (CAG)

ConAgra Foods Inc (CAG) : Guardian Investment Management scooped up 200 additional shares in ConAgra Foods Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 28,650 shares of ConAgra Foods Inc which is valued at $1,334,517.ConAgra Foods Inc makes up approximately 1.52% of Guardian Investment Management’s portfolio.

Other Hedge Funds, Including , Dynamic Capital Management Ltd sold out all of its stake in CAG during the most recent quarter. The investment firm sold 15,228 shares of CAG which is valued $709,320.Norges Bank boosted its stake in CAG in the latest quarter, The investment management firm added 198,493 additional shares and now holds a total of 4,145,275 shares of ConAgra Foods Inc which is valued at $193,086,910. ConAgra Foods Inc makes up approx 0.09% of Norges Bank’s portfolio.Mitsubishi Ufj Trust Banking Corp reduced its stake in CAG by selling 74,685 shares or 6.39% in the most recent quarter. The Hedge Fund company now holds 1,093,189 shares of CAG which is valued at $50,920,744. ConAgra Foods Inc makes up approx 0.11% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Pitcairn Co reduced its stake in CAG by selling 52 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 5,948 shares of CAG which is valued at $273,489. ConAgra Foods Inc makes up approx 0.03% of Pitcairn Co’s portfolio.Farmers Merchants Investments Inc reduced its stake in CAG by selling 500 shares or 11.56% in the most recent quarter. The Hedge Fund company now holds 3,824 shares of CAG which is valued at $181,411. ConAgra Foods Inc makes up approx 0.02% of Farmers Merchants Investments Inc’s portfolio.

ConAgra Foods Inc closed down -0.59 points or -1.27% at $46.02 with 25,17,527 shares getting traded on Thursday. Post opening the session at $46.41, the shares hit an intraday low of $45.77 and an intraday high of $46.604 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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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