The shares of Conagra Brands, Inc. (NYSE:CAG) has been pegged with a rating of Underperform by Bernstein in its latest research note that was published on November 14th, 2018. Bernstein wasn’t the only research firm that published a report of Conagra Brands, Inc., with other equities research analysts also giving their opinion on the stock. Credit Suisse advised investors in its research note published on October 31st, 2018, to Neutral the CAG stock. The stock had earned Buy rating from Stifel when it published its report on December 22nd, 2017. That day the Stifel set price target on the stock to $42. The stock was given Mkt Perform rating by Bernstein in its report released on December 14th, 2017. UBS was of a view that CAG is Neutral in its latest report on December 12th, 2017 while giving it a price target of $37. Stifel thinks that CAG is worth Buy rating. This was contained in the firm’s report on October 30th, 2017 in which the stock’s price target was also moved to $38.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $31.18. The price of the stock the last time has raised by 14.19% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 55.11.
The shares of the company added by 0.22% during the trading session on Thursday, reaching a low of $22.85 while ending the day at $23.09. During the trading session, a total of 7.97 million shares were traded which represents a 9.77% incline from the average session volume which is 8.83M shares. CAG had ended its last session trading at 23.04. Conagra Brands, Inc. currently has a market cap of $11.16B, while its P/E ratio stands at 18.76, while its P/E earnings growth sits at 1.36, with a beta of 0.74. Conagra Brands, Inc. debt-to-equity ratio currently stands at 1.60, while its quick ratio hovers at 0.70. CAG 52-week low price stands at $20.22 while its 52-week high price is $39.43.
The company in its last quarterly report recorded $0.67 earnings per share which is above the $0.55 predicted by most analysts. The Conagra Brands, Inc. generated $2,383.70 million in revenue during the last quarter, which is slightly lower than the $2,414.13 million predicted by analysts. In the second quarter last year, the firm recorded $0.47 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 29.85%. Conagra Brands, Inc. has the potential to record 1.23 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Standpoint Research published a research note on February 21st, 2019 where it informed investors and clients that General Mills, Inc. (NYSE:GIS) is now rated as Hold. Credit Suisse also rated GIS as Resumed on October 31st, 2018, with its price target of $14 suggesting that GIS could down by -4.65% from its current share price. Even though the stock has been trading at $47.08/share, analysts expect it to surge higher by 0.81% to reach $45.35/share. It started the day trading at $47.75 and traded between $47.3031 and $47.46 throughout the trading session.
A look at its technical shows that GIS’s 50-day SMA is 44.28 while its 200-day SMA stands at 43.93. The stock has a high of $52.87 for the year while the low is $36.42. The company’s P/E ratio currently sits at 18.73, while the P/B ratio is 4.28. At the moment, only of General Mills, Inc. shares were sold short. The company’s average trading volume currently stands at 5.44M shares, which means that the short-interest ratio is just 3.28 days. Over the past seven days, the company moved, with its shift of 2.28%. Looking further, the stock has raised 22.54% over the past 90 days while it gained 1.52% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more GIS shares, increasing its portfolio by +3.66% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,581,702 shares in the last quarter, thus it now holds 44,833,834 shares of GIS, with a total valuation of $2,113,018,596. SSgA Funds Management Inc meanwhile bought more GIS shares in the recently filed quarter, changing its stake to $1,609,512,924 worth of shares. BlackRock Fund Advisors followed the path by increasing its GIS portfolio by +3.39% in the quarter. This means that BlackRock Fund Advisors bought 970,394 shares in the last quarter and now controls 29,621,651 shares of the GIS stock, with the valuation hitting $1,396,068,412.
Similarly, Invesco Advisers Inc decreased its General Mills, Inc. shares by -0.37% during the recently filed quarter. After selling -56,898 shares in the last quarter, the firm now controls 15,378,780 shares of General Mills, Inc. which are valued at $724,801,901. In the same vein, SunAmerica Asset Management LLC increased its General Mills, Inc. shares by during the most recent reported quarter. The firm bought 436,177 shares during the quarter which increased its stakes to 9,682,820 shares and is now valued at $456,351,307. Following these latest developments, around 0.10% of General Mills, Inc. stocks are owned by institutional investors and hedge funds.