Numina Capital Management buys $9,403,105 stake in ConAgra Foods Inc (CAG)

ConAgra Foods Inc (CAG) : Numina Capital Management scooped up 121,570 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 201,870 shares of ConAgra Foods Inc which is valued at $9,403,105.ConAgra Foods Inc makes up approximately 3.53% of Numina Capital Management’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in CAG in the latest quarter, The investment management firm added 4,300 additional shares and now holds a total of 1,559,233 shares of ConAgra Foods Inc which is valued at $72,629,073. ConAgra Foods Inc makes up approx 0.09% of Schwab Charles Investment Management Inc’s portfolio.Nuveen Asset Management reduced its stake in CAG by selling 1,339 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 45,053 shares of CAG which is valued at $2,098,569. ConAgra Foods Inc makes up approx 0.01% of Nuveen Asset Management’s portfolio.Wbi Investments reduced its stake in CAG by selling 733,735 shares or 55.65% in the most recent quarter. The Hedge Fund company now holds 584,740 shares of CAG which is valued at $27,237,189. ConAgra Foods Inc makes up approx 0.96% of Wbi Investments’s portfolio.Financial Advisory Service boosted its stake in CAG in the latest quarter, The investment management firm added 1,033 additional shares and now holds a total of 12,460 shares of ConAgra Foods Inc which is valued at $575,029. ConAgra Foods Inc makes up approx 0.21% of Financial Advisory Service’s portfolio.Mutual Of America Capital Management reduced its stake in CAG by selling 998 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 50,975 shares of CAG which is valued at $2,392,767. ConAgra Foods Inc makes up approx 0.05% of Mutual Of America Capital Management’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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