ConAgra Foods Fiscal 2016 Q3 EPS above Expectations; Strong Profit Growth and Margins for Both Segments; Completion of Private Label Sale Enables $2.15B Debt Reduction; on Track with Planned Separatio

Jefferies Raises Price Target on ConAgra Foods (CAG) to $57 Following 3Q

Jefferies reiterated a Buy rating on ConAgra Foods (NYSE: CAG), and raised the price target to $52.00 (from $50.00) following the company's 3Q earnings report. Consolidated EBIT beat estimates by $0.08/ shr, driven $0.06 by Consumer Foods and $0.02 by Commercial Foods.

Analyst Akshay Jagdale commented, "We... More

ConAgra Foods (CAG) Declares $0.25 Quarterly Dividend; 2.2% Yield

ConAgra Foods (NYSE: CAG) declared a quarterly dividend of $0.25 per share, or $1 annualized.

The dividend will be payable on June 1, 2016, to stockholders of record on April 29, 2016, with an ex-dividend date of April 27, 2016.

The annual yield on the dividend is 2.2 percent.

For... More

ConAgra Foods (CAG) Tops Q3 EPS by 9c

ConAgra Foods (NYSE: CAG) reported Q3 EPS of $0.68, $0.09 better than the analyst estimate of $0.59. Revenue for the quarter came in at $2.92 billion versus the consensus estimate of $2.87 billion.

GUIDANCE:

ConAgra Foods sees FY2016 EPS of $2.05-$2.07, versus the consensus of... More