Shares of ConAgra Foods Inc. (NYSE:CAG) were down 1.8% during trading on Tuesday . The stock traded as low as $46.17 and last traded at $46.21, with a volume of 1,317,315 shares changing hands. The stock had previously closed at $47.05.

A number of analysts have issued reports on the company. Jefferies Group boosted their target price on ConAgra Foods from $55.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Citigroup Inc. reissued a “neutral” rating and issued a $50.00 target price on shares of ConAgra Foods in a research report on Thursday, June 30th. Zacks Investment Research raised ConAgra Foods from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Wednesday, June 8th. Deutsche Bank AG reissued a “hold” rating and issued a $48.00 target price on shares of ConAgra Foods in a research report on Wednesday, July 6th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $49.00 target price on shares of ConAgra Foods in a research report on Wednesday, June 29th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. ConAgra Foods has a consensus rating of “Hold” and an average target price of $48.82.

The stock’s market capitalization is $20.28 billion. The company has a 50-day moving average price of $47.01 and a 200 day moving average price of $45.31.

ConAgra Foods (NYSE:CAG) last announced its earnings results on Thursday, June 30th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.52. During the same quarter in the prior year, the business posted $0.59 EPS. The firm had revenue of $2.83 billion for the quarter. The business’s revenue was down 9.5% compared to the same quarter last year. Analysts expect that ConAgra Foods Inc. will post $2.41 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Friday, July 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, July 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.16%.

In related news, SVP Robert G. Wise sold 15,708 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $47.90, for a total transaction of $752,413.20. Following the sale, the senior vice president now owns 34,326 shares in the company, valued at $1,644,215.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Robert G. Wise sold 36,654 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $48.16, for a total transaction of $1,765,256.64. Following the sale, the senior vice president now owns 55,272 shares in the company, valued at approximately $2,661,899.52. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in CAG. Calvert Investment Management Inc. raised its stake in shares of ConAgra Foods by 39.8% in the fourth quarter. Calvert Investment Management Inc. now owns 29,256 shares of the company’s stock worth $1,233,000 after buying an additional 8,335 shares during the period. BlackRock Advisors LLC increased its position in ConAgra Foods by 25.4% in the fourth quarter. BlackRock Advisors LLC now owns 390,122 shares of the company’s stock worth $16,448,000 after buying an additional 79,078 shares in the last quarter. Finally, I.G. Investment Management LTD. increased its position in ConAgra Foods by 0.3% in the fourth quarter. I.G. Investment Management LTD. now owns 357,517 shares of the company’s stock worth $15,073,000 after buying an additional 1,073 shares in the last quarter.

ConAgra Foods, Inc operates as a packaged food company. The Company offers branded and private branded food to households, as well as commercial foods, which serves various restaurants and foodservice operations. The Company operates in three segments: Consumer Foods, Commercial Foods and Private Brands.

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