Conagra Brands Incorporated (NYSE:CAG) Shorted Shares Increased By 2.37%

September 17, 2017 - By Migdalia James

 Conagra Brands Incorporated (NYSE:CAG) Shorted Shares Increased By 2.37%

Investors sentiment increased to 1.07 in 2016 Q4. Its up 0.10, from 0.97 in 2016Q3. It improved, as 57 investors sold Conagra Brands Inc shares while 203 reduced holdings. 63 funds opened positions while 214 raised stakes. 322.35 million shares or 0.59% more from 320.45 million shares in 2016Q3 were reported.
Meiji Yasuda Life Insur reported 6,210 shares. 1.05 million are owned by Parametric Portfolio Associate Ltd Limited Liability Company. Yhb Investment Advisors Inc reported 5,990 shares. Morgan Stanley holds 7.44 million shares or 0.1% of its portfolio. Diligent Llc has invested 0.23% of its portfolio in Conagra Brands Inc (NYSE:CAG). Gillespie Robinson & Grimm has invested 0.18% in Conagra Brands Inc (NYSE:CAG). Symons Mgmt holds 4.29% of its portfolio in Conagra Brands Inc (NYSE:CAG) for 445,393 shares. First Eagle Investment Lc accumulated 19,762 shares. Moreover, Advisor Partners Ltd Llc has 0.11% invested in Conagra Brands Inc (NYSE:CAG) for 8,849 shares. Eaton Vance Mgmt reported 306,885 shares or 0.03% of all its holdings. Us Fincl Bank De invested 0.11% of its portfolio in Conagra Brands Inc (NYSE:CAG). Moreover, Duncker Streett has 0.03% invested in Conagra Brands Inc (NYSE:CAG) for 2,350 shares. Monetary Management Grp reported 4,300 shares. Central Comml Bank Company owns 200 shares for 0% of their portfolio. Capital Advsrs Ok holds 0.01% or 5,150 shares.

Since March 29, 2017, it had 0 buys, and 1 insider sale for $245,528 activity. On Wednesday, March 29 the insider MARSHALL RUTH ANN sold $245,528.

The stock of Conagra Brands Incorporated (NYSE:CAG) registered an increase of 2.37% in short interest. CAG’s total short interest was 12.74M shares in September as published by FINRA. Its up 2.37% from 12.44 million shares, reported previously. With 3.79 million shares average volume, it will take short sellers 3 days to cover their CAG’s short positions.

The stock increased 1.54% or $0.53 on September 15, reaching $35.01. About 4.88 million shares traded or 34.07% up from the average. Conagra Brands Inc (NYSE:CAG) has risen 8.39% since September 17, 2016 and is uptrending. It has underperformed by 8.31% the S&P500.

Conagra Brands, Inc., formerly ConAgra Foods, Inc., operates as a packaged food company. The company has market cap of $14.55 billion. The Firm operates through two divisions: Consumer Foods and Commercial Foods. It has a 28.37 P/E ratio. The Firm sells branded and customized food products, as well as commercially branded foods.

Conagra Brands Inc (NYSE:CAG) Ratings Coverage

Among 13 analysts covering ConAgra Foods (NYSE:CAG), 7 have Buy rating, 2 Sell and 4 Hold. Therefore 54% are positive. ConAgra Foods had 36 analyst reports since September 16, 2015 according to SRatingsIntel. The rating was downgraded by Bernstein on Tuesday, March 21 to “Underperform”. The rating was maintained by Credit Suisse on Friday, December 23 with “Neutral”. Citigroup upgraded the shares of CAG in report on Wednesday, January 11 to “Buy” rating. As per Wednesday, October 19, the company rating was maintained by Stifel Nicolaus. UBS initiated the shares of CAG in report on Monday, November 14 with “Neutral” rating. The firm earned “Outperform” rating on Friday, October 14 by RBC Capital Markets. The rating was maintained by UBS with “Sell” on Friday, June 30. On Thursday, February 25 the stock rating was initiated by Goldman Sachs with “Neutral”. The stock has “Buy” rating by Jefferies on Thursday, July 6. The stock has “Hold” rating by Stifel Nicolaus on Thursday, August 31.

More news for Conagra Brands Inc (NYSE:CAG) were recently published by: Prnewswire.com, which released: “Conagra Brands Announces Details Of 2017 Barclays Global Consumer Staples …” on August 22, 2017. Prnewswire.com‘s article titled: “Comfort Takes On A Contemporary Twist In New DELIGHTS From Marie Callender’s …” and published on September 12, 2017 is yet another important article.

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