Investors Buy ConAgra Foods Inc. (NYSE:CAG) on Weakness

Dean Foods

Dean Foods Company (NYSE:DF) Sellers Covered 5.58% of Their Shorts

Acadian Asset Lc invested in 2.95M shares. Lastly, Sigma Planning acquired a new position in Dean Foods during the Q1 worth at about $207,000.

A number of other institutional investors have also recently added to or reduced their stakes in CAG. Private Bank & Trust Co. raised its position in ConAgra Foods by 0.5% in the first quarter. Vanguard Group Inc. now owns 11,508,667 shares of the company's stock worth $226,260,000 after buying an additional 536,720 shares in the last quarter. BlackRock Inc. boosted its stake in Dean Foods by 1.2% in the second quarter.

Dimensional Fund Advisors Lp raised its stake in Dean Foods Company by 3.3% in its quarterly SEC filing. First Midwest Bank Trust Division increased its stake in ConAgra Foods by 0.8% in the first quarter. Bank of Montreal Can now owns 360,004 shares of the company's stock valued at $7,077,000 after buying an additional 148,037 shares during the last quarter. Lazard Asset Management LLC raised its position in ConAgra Foods by 78,778.6% in the first quarter. Riverhead Capital Management LLC now owns 7,128 shares of the company's stock worth $121,000 after buying an additional 2,728 shares during the last quarter. Ameriprise Financial Inc. now owns 2,724,274 shares of the company's stock worth $46,313,000 after buying an additional 259,880 shares during the period.

Traders purchased shares of ConAgra Foods Inc. (NYSE CAG) traded up 2.35% during trading on Friday, hitting $34.86.

The stock attained the volume of 4067829 shares contrast to its average daily volume of 1.87M shares.

ConAgra Foods Inc. has a one year low of $32.93 and a one year high of $41.68. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 20.07 and a beta of 0.54.

Shares are trading at $12.24 quite a bit below $15.53, the 50 day moving average and which is quite a bit below the 200 day moving average of $18.17.

Last time, the company failed Wall Street by reporting EPS of $0.21, smashing the consensus of $0.31 per share. Average estimation for the current quarter has been provided by 11 analysts. ConAgra Foods had a return on equity of 20.29% and a net margin of 7.43%. During the same quarter in the previous year, the firm earned $0.38 EPS. The institutional investor owned 25,100 shares of the company's stock after selling 300 shares during the period. On average, analysts forecast that Dean Foods will post $0.82 earnings per share for the current year. Stockholders of record on Monday, August 21st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This dividend amount represented a yeild of $3.16.

ConAgra Foods declared that its Board of Directors has initiated a share repurchase plan on Thursday, June 29th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 6.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued. "(NYSE:CAG) Position Held by Compass Capital Management Inc." was first posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this report on another domain, it was illegally copied and reposted in violation of USA and worldwide copyright and trademark law. The legal version of this news story can be read at

Other equities research analysts have also issued reports about the company. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $24.00 target price on shares of Dean Foods in a research report on Wednesday, April 26th.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Dean Foods Company (DF) stands at -4.52 while the industry's and the sector's growth for next 5 years ticked at 9.09 and 10.79 respectively. Morgan Stanley restated an underweight rating and set a $15.00 price objective (down previously from $18.00) on shares of Dean Foods in a research report on Tuesday, July 18th. Four research experts recommended the company shares with a sell recommendation, eight have published a hold recommendation and four have published a buy recommendation to the share. the share presently has a consensus rating of "Hold" and an average price objective of $15.40.

On August 8 the company was downgraded to "Equal-Weight" from "Overweight" by Stephens & Co. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The total value of its holdings increased 30.7%. Following the completion of the sale, the director now owns 89,260 shares of the company's stock, valued at $2,965,217.20.

Latest News