Post a Free Blog

Submit A Press Release

Thursday, March 28, 2024
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
-- Advertisement --spot_img
HomeBusinessConagra A Safe Bet For Your Portfolio

Conagra A Safe Bet For Your Portfolio

Conagra Brands, Inc. (NYSE: CAG) Board of directors approved a quarterly dividend payment of $0.2125 per share of CAG common stock to be paid on June 3, 2020 to stockholders of record as of the close of business on April 30, 2020.

Tip Ranks reports “Based on 8 analysts offering 12-month price targets for Conagra Brands in the last 3 months. The average price target is $36.17 with a high forecast of $41.00 and a low forecast of $32.00.[i]

Conagra owns many of the iconic brands we see in supermarkets around the world. The company is always offering new products in the food industry to keep up with consumer demand.

Jeffries and Co. has upgraded Conagra   because people eating at home more and spending more on items that Conagra sells. Due to the  pandemic many have lost their jobs and need to economize. They will  not be spending their funds on eating out as often, therefore benefiting Conagra Foods.

Mr. Sean M. Connolly is President and Chief Executive Officer of Conagra Brands. Prior to joining Conagra Brands, Mr. Connolly was President and CEO of The Hillshire Brands Company. Mr. Connolly also held a   position as  CEO for Sara Lee North American Retail and Food service, as well as President of Campbell Soup North America.[ii]

 

Top Institutional Holders

Holder   Shares   Date Reported   % Out       Value

Vanguard Group, Inc. (The)                   58,610,204                     Mar 30, 2020           12.03%   1,719,623,385

Blackrock Inc.         40,450,150                     Mar 30, 2020           8.30%       1,186,807,401

Capital World Investors 38,056,615                     Mar 30, 2020           7.81%       1,116,581,084

Price (T.Rowe) Associates Inc           29,996,118                     Mar 30, 2020           6.16%       880,086,102

Macquarie Group Limited                         29,156,361                     Mar 30, 2020           5.99%       855,447,631

State Street Corporation                             21,866,481                     Mar 30, 2020           4.49%       641,562,552

Top Mutual Fund Holders

Holder   Shares   Date Reported   % Out       Value

Delaware Group Equity Funds II- Value Fund               13,750,024                     Feb 28, 2020             2.82%       366,988,140

Vanguard Total Stock Market Index Fund                           13,688,139                     Dec 30, 2019             2.81%       468,681,879

American Balanced Fund                           13,612,296                     Mar 30, 2020           2.79%       399,384,764

Vanguard Mid-Cap Index Fund     12,527,259                     Mar 30, 2020           2.57%       367,549,779

Fundamental Investors Inc                     11,484,805                     Mar 30, 2020           2.36%       336,964,178

Vanguard 500 Index Fund                       10,014,368                     Mar 30, 2020           2.06%       293,821,557

Price (T.Rowe) Equity Income Fund                   8,760,000                         Mar 30, 2020           1.80%

 

[i] https://www.tipranks.com/stocks/cag/price-target

[ii] https://www.conagrabrands.com/our-company/corporate-leadership/sean-connolly

Chart
Data by  YCharts

[object HTMLElement]

 

Conagra was up 2.2%, to $34.29 Monday morning, while Campbell was up 0.8%, to $49.52.  Barron’s  has made much the same argument in recent weeks 257,018,400

 

Credit Suisse set a target price of $36 for Conagra, up from the company’s price of $33.33 on June 15. Mr. Moskow said faster-than-expected deceleration of at-home food consumption from the easing of social distancing restrictions represents the biggest downside risk to Credit Suisse’s target price for Conagra.

 

CWEB Analysts see the stock as a potential  for long term growth and a great addition to one’s portfolio and upward of $60 by 20121

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Subscribe to get Latest News Updates

Latest News Articles

You may like more
more

Google code on Pinterest app suggests potential test of ad units, CWEB analysts say

Google and Pinterest might be testing a new partnership....

DraftKings Falls, NCAA Wants to Ban College Prop Bets. CWEB analysts issue Hold Rating on the stock.

Shares of DraftKings Inc.(DKNG) experienced a significant decline on...

Chick-Fil-A backtracks on NAE pledge, to use some antibiotics in chicken

Chick-Fil-A backtracked on its No Antibiotics Ever (NAE) policy...

Bloom Energy’s Price Target Cut at Susquehanna

Susquehanna analysts adjusted their price target for Bloom Energy...