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ConAgra Foods (NYSE:CAG) was downgraded by analysts at KeyCorp from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, reports.

In other ConAgra Foods news, CEO Gary M. Rodkin unloaded 50,000 shares of the stock on the open market in a transaction dated Monday, June 16th. The stock was sold at an average price of $32.44, for a total transaction of $1,622,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

CAG has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of ConAgra Foods in a research note on Monday, June 2nd. They now have a $32.00 price target on the stock, up previously from $31.00. Separately, analysts at Ned Davis Research upgraded shares of ConAgra Foods from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of ConAgra Foods from $30.00 to $32.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $33.36.

ConAgra Foods (NYSE:CAG) traded down 6.83% during mid-day trading on Wednesday, hitting $30.605. The stock had a trading volume of 7,100,114 shares. ConAgra Foods has a 52 week low of $28.09 and a 52 week high of $37.28. The stock has a 50-day moving average of $31.57 and a 200-day moving average of $31.36. The company has a market cap of $12.889 billion and a P/E ratio of 17.12.

ConAgra Foods (NYSE:CAG) last announced its earnings results on Thursday, March 20th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.02. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter last year, the company posted $0.55 earnings per share. ConAgra Foods’s revenue was up 14.5% compared to the same quarter last year. Analysts expect that ConAgra Foods will post $2.23 EPS for the current fiscal year.

ConAgra Foods, Inc is a packaged food company. The Company operates in four segments: Consumer Foods, Commercial Foods, Ralcorp Food Group, and Ralcorp Frozen Bakery Products.

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