ConAgra Foods Inc. (NYSE:CAG) has received an average rating of “Buy” from the fourteen research firms that are currently covering the company. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $50.70.
A number of research firms recently commented on CAG. JPMorgan Chase & Co. restated an “overweight” rating and set a $55.00 price target on shares of ConAgra Foods in a research report on Wednesday, November 9th. Stifel Nicolaus increased their price objective on ConAgra Foods from $46.00 to $52.00 and gave the company a “hold” rating in a research report on Wednesday, October 19th. Zacks Investment Research upgraded ConAgra Foods from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Wednesday, October 5th. Credit Suisse Group AG set a $50.00 price objective on ConAgra Foods and gave the company a “hold” rating in a research report on Saturday, October 1st. Finally, TheStreet upgraded ConAgra Foods from a “hold” rating to a “buy” rating in a research report on Thursday, September 29th.
Shares of ConAgra Foods (NYSE:CAG) traded up 0.093% on Monday, hitting $37.745. The stock had a trading volume of 1,105,768 shares. The firm has a 50 day moving average price of $36.83 and a 200 day moving average price of $36.17. The company has a market capitalization of $16.52 billion, a P/E ratio of 25.264 and a beta of 0.31. ConAgra Foods has a one year low of $29.55 and a one year high of $38.02.
ConAgra Foods (NYSE:CAG) last released its quarterly earnings results on Thursday, September 29th. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.13. The business had revenue of $2.67 billion for the quarter. ConAgra Foods had a return on equity of 28.48% and a net margin of 5.76%. The firm’s revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. On average, equities research analysts predict that ConAgra Foods will post $1.68 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, October 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, October 27th. ConAgra Foods’s payout ratio is presently 66.67%.
A number of hedge funds have recently modified their holdings of the company. Advisor Partners LLC increased its stake in shares of ConAgra Foods by 0.4% in the third quarter. Advisor Partners LLC now owns 8,393 shares of the company’s stock valued at $395,000 after buying an additional 30 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in ConAgra Foods by 0.3% in the second quarter. Johnson Investment Counsel Inc. now owns 10,776 shares of the company’s stock valued at $515,000 after buying an additional 31 shares in the last quarter. Hedeker Wealth LLC purchased a new stake in ConAgra Foods during the third quarter valued at about $764,000. Prospera Financial Services Inc increased its stake in ConAgra Foods by 0.7% in the second quarter. Prospera Financial Services Inc now owns 7,274 shares of the company’s stock valued at $348,000 after buying an additional 48 shares in the last quarter. Finally, Alpha Windward LLC increased its stake in ConAgra Foods by 2.2% in the third quarter. Alpha Windward LLC now owns 2,838 shares of the company’s stock valued at $134,000 after buying an additional 61 shares in the last quarter. 74.61% of the stock is currently owned by institutional investors and hedge funds.