Gwm Advisors buys $3,680,195 stake in ConAgra Foods Inc (CAG)

ConAgra Foods Inc (CAG) : Gwm Advisors scooped up 12,186 additional shares in ConAgra Foods Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 76,575 shares of ConAgra Foods Inc which is valued at $3,680,195.ConAgra Foods Inc makes up approximately 1.51% of Gwm Advisors’s portfolio.

Other Hedge Funds, Including , Gradient Investments reduced its stake in CAG by selling 425 shares or 54.42% in the most recent quarter. The Hedge Fund company now holds 356 shares of CAG which is valued at $17,109.Churchill Management Corp reduced its stake in CAG by selling 3,504 shares or 4.23% in the most recent quarter. The Hedge Fund company now holds 79,421 shares of CAG which is valued at $3,836,034. ConAgra Foods Inc makes up approx 0.25% of Churchill Management Corp’s portfolio.Next Financial Group Inc reduced its stake in CAG by selling 460 shares or 41.89% in the most recent quarter. The Hedge Fund company now holds 638 shares of CAG which is valued at $30,815. ConAgra Foods Inc makes up approx 0.01% of Next Financial Group Inc’s portfolio.

ConAgra Foods Inc opened for trading at $48.04 and hit $48.25 on the upside on Monday, eventually ending the session at $48.06, with a gain of 0.17% or 0.08 points. The heightened volatility saw the trading volume jump to 16,00,562 shares. Company has a market cap of $20,974 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.

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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