Conagra Brands Inc. has been recently experiencing significant movement in their stocks. NBC Securities Inc. has reduced its position in the already declining stocks. Despite the market gains, Conagra's stock has been underperforming, however, there were instances when it rose outperforming the market. Various financial firms including Nomura Holdings Inc., Banque Cantonale Vaudoise, Perpetual Ltd, HighPoint Advisor Group LLC, etc., have acquired substantial shares of Conagra. Financial results reveal mixed earnings and revenues for the food company. Some highlights include beating Q1 FY 2018 earnings and reporting strong earnings offset by sluggish demand. Analysts have given Conagra a consensus rating of 'Hold'. Reports suggest multiple institutional investments in Conagra indicating its preference among large investors. There are concerns regarding a meaningful debt burden for Conagra. Despite some stocks being sold off by companies such as the Goldman Sachs Group Inc., new investments are being made by others. The company is making strategic efforts to strengthen its position in the market, which includes an exclusive licensing partnership with Dolly Parton. The company's third quarter results showed mixed results, both missing and beating expectations.
Conagra Brands CAG News Analytics from Thu, 05 Oct 2023 07:00:00 GMT to Sun, 23 Jun 2024 11:29:27 GMT -
Rating -2
- Innovation 0
- Information 6
- Rumor -4
