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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, TheFlyOnTheWall.com 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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