ConAgra Foods Inc (NYSE:CAG) had its target price decreased by equities researchers at JPMorgan Chase & Co. from $47.00 to $46.00 in a research report issued on Wednesday, StockTargetPrices.com reports. JPMorgan Chase & Co.’s target price indicates a potential upside of 10.47% from the company’s previous close.

A number of other research firms also recently commented on CAG. Zacks Investment Research upgraded ConAgra Foods from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Wednesday, November 25th. Credit Suisse increased their price objective on shares of ConAgra Foods from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, December 23rd. Jefferies Group reissued a “buy” rating and issued a $50.00 price objective on shares of ConAgra Foods in a research note on Friday, January 8th. RBC Capital restated a “sector perform” rating on shares of ConAgra Foods in a report on Thursday, October 1st. Finally, Deutsche Bank restated a “hold” rating and set a $44.00 target price (down from $45.00) on shares of ConAgra Foods in a research report on Wednesday, December 16th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.90.

ConAgra Foods (NYSE:CAG) traded up 3.81% during mid-day trading on Wednesday, reaching $41.64. 5,469,140 shares of the company traded hands. The company’s 50 day moving average price is $40.54 and its 200 day moving average price is $41.69. The firm’s market capitalization is $18.08 billion. ConAgra Foods has a 12-month low of $33.45 and a 12-month high of $45.49.

ConAgra Foods (NYSE:CAG) last posted its quarterly earnings results on Tuesday, December 22nd. The company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.11. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business earned $3.09 billion during the quarter. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts predict that ConAgra Foods will post $2.29 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 1st. Shareholders of record on Friday, January 29th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, January 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.40%.

Several hedge funds have added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its stake in ConAgra Foods by 54.8% in the fourth quarter. Neuberger Berman Group LLC now owns 3,596,850 shares of the company’s stock valued at $151,643,000 after buying an additional 1,272,669 shares during the period. California State Teachers Retirement System increased its stake in ConAgra Foods by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 813,113 shares of the company’s stock valued at $34,281,000 after buying an additional 12,854 shares during the period. Jennison Associates acquired a new stake in ConAgra Foods during the third quarter valued at $28,277,000. State Board of Administration of Florida Retirement System increased its stake in ConAgra Foods by 0.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 569,787 shares of the company’s stock valued at $24,022,000 after buying an additional 4,582 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its stake in ConAgra Foods by 2.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 512,567 shares of the company’s stock valued at $21,609,000 after buying an additional 14,138 shares during the period.

In other news, SVP Scott E. Messel sold 50,000 shares of ConAgra Foods stock in a transaction on Wednesday, January 6th. The stock was sold at an average price of $41.87, for a total transaction of $2,093,500.00. Following the completion of the sale, the senior vice president now directly owns 105,549 shares in the company, valued at $4,419,336.63. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rajive Johri sold 6,750 shares of ConAgra Foods stock in a transaction on Thursday, December 24th. The stock was sold at an average price of $42.21, for a total value of $284,917.50. Following the sale, the director now owns 31,918 shares of the company’s stock, valued at $1,347,258.78. The disclosure for this sale can be found here.

ConAgra Foods, Inc. operates as a packaged food company. The Company offers branded and private branded food to households, as well as commercial food, which serve various restaurants and foodservice operations. Its brands include Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunt’s, Marie Callender’s, Orville Redenbacher’s, PAM, Peter Pan, Reddi-wip, Slim Jim and Snack Pack, among others. The Company sells its products under private brand labels in grocery, convenience, mass merchandise, club and drug stores. The Company also supplies frozen potato and sweet potato products, as well as other vegetable, spice, bakery and grain products to restaurants, commercial and foodservice customers. It operates in three segments: Consumer Foods, Commercial Foods and Private Brands. It has international manufacturing facilities in Argentina, Canada and Mexico, and interests in ownership of international manufacturing facilities in India and Mexico.

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