As Conagra Brands (CAG) Share Price Declined, Jana Partners Has Boosted Its Position by $100.66 Million; Goldman Sachs Group (GS) Holder Elkhorn Partners Limited Partnership Lowered Its Stake by $381,000

May 23, 2018 - By Marie Mckinney

The Goldman Sachs Group, Inc. (NYSE:GS) Logo

Barry Rosenstein increased its stake in Conagra Brands Inc (CAG) by 544.13% based on its latest 2017Q4 regulatory filing with the SEC. Jana Partners Llc bought 2.72M shares as the company’s stock declined 4.67% with the market. The hedge fund run by Barry Rosenstein held 3.22 million shares of the consumer non-durables company at the end of 2017Q4, valued at $121.32 million, up from 500,000 at the end of the previous reported quarter. Jana Partners Llc who had been investing in Conagra Brands Inc for a number of months, seems to be bullish on the $14.59B market cap company. The stock increased 0.56% or $0.205 during the last trading session, reaching $37.075. About 690,858 shares traded. Conagra Brands, Inc. (NYSE:CAG) has declined 9.57% since May 23, 2017 and is downtrending. It has underperformed by 21.12% the S&P500.

Alan S. Parsow decreased its stake in Goldman Sachs Group Inc (GS) by 17.65% based on its latest 2017Q4 regulatory filing with the SEC. Elkhorn Partners Limited Partnership sold 1,500 shares as the company’s stock declined 4.52% with the market. The hedge fund run by Alan S. Parsow held 7,000 shares of the finance company at the end of 2017Q4, valued at $1.78 million, down from 8,500 at the end of the previous reported quarter. Elkhorn Partners Limited Partnership who had been investing in Goldman Sachs Group Inc for a number of months, seems to be less bullish one the $88.72B market cap company. The stock decreased 1.31% or $3.12 during the last trading session, reaching $234.88. About 1.11 million shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 9.66% since May 23, 2017 and is uptrending. It has underperformed by 1.89% the S&P500.

More news for Conagra Brands, Inc. (NYSE:CAG) were recently published by: Seekingalpha.com, which released: “Pinnacle-ConAgra merger speculation picks up again” on May 21, 2018. Prnewswire.com‘s article titled: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Conagra Brands, Inc. for Potential Breaches Of …” and published on May 23, 2018 is yet another important article.

Investors sentiment decreased to 0.78 in Q4 2017. Its down 0.21, from 0.99 in 2017Q3. It is negative, as 42 investors sold CAG shares while 227 reduced holdings. 62 funds opened positions while 147 raised stakes. 301.99 million shares or 2.83% less from 310.77 million shares in 2017Q3 were reported. Tarbox Family Office holds 0% or 202 shares. Clifford Swan Invest Counsel Ltd Company accumulated 36,526 shares. Ameriprise owns 3.62M shares or 0.06% of their US portfolio. Jefferies Ltd Company owns 13,907 shares. State Of New Jersey Common Pension Fund D owns 167,500 shares for 0.02% of their portfolio. Washington Tru Bank & Trust holds 0.03% or 5,076 shares. Tdam Usa Inc invested 0.02% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Tower Rech Limited (Trc) reported 2,032 shares or 0.01% of all its holdings. Diligent Invsts Lc reported 7,000 shares. Moneta Group Inv Advsrs Ltd Co holds 4,400 shares. 300 were reported by Field Main Bankshares. Weatherly Asset Mngmt Ltd Partnership reported 14,310 shares. Lpl Lc invested in 0.01% or 50,902 shares. Gam Ag reported 0.08% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Connecticut-based Conning Inc has invested 0.01% in Conagra Brands, Inc. (NYSE:CAG).

Jana Partners Llc, which manages about $11.37 billion and $3.78B US Long portfolio, decreased its stake in Pandora Media Inc (NYSE:P) by 7.76 million shares to 8.56 million shares, valued at $41.26 million in 2017Q4, according to the filing. It also reduced its holding in Zayo Group Hldgs Inc (NYSE:ZAYO) by 1.91M shares in the quarter, leaving it with 2.27M shares, and cut its stake in Jack In The Box Inc (NASDAQ:JACK).

Since January 4, 2018, it had 0 buys, and 4 selling transactions for $1.76 million activity. Another trade for 6,046 shares valued at $216,810 was made by MARSHALL RUTH ANN on Monday, March 26. Another trade for 12,092 shares valued at $449,618 was sold by BUTLER STEPHEN G.

Among 14 analysts covering ConAgra Foods (NYSE:CAG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. ConAgra Foods had 50 analyst reports since September 16, 2015 according to SRatingsIntel. RBC Capital Markets maintained Conagra Brands, Inc. (NYSE:CAG) on Tuesday, April 3 with “Buy” rating. Deutsche Bank initiated Conagra Brands, Inc. (NYSE:CAG) rating on Wednesday, February 15. Deutsche Bank has “Buy” rating and $46 target. Jefferies maintained the shares of CAG in report on Friday, July 28 with “Buy” rating. The stock of Conagra Brands, Inc. (NYSE:CAG) earned “Hold” rating by Credit Suisse on Friday, June 30. Credit Suisse maintained it with “Neutral” rating and $37 target in Monday, September 25 report. UBS initiated the stock with “Neutral” rating in Monday, November 14 report. JP Morgan reinitiated the stock with “Overweight” rating in Wednesday, November 9 report. The company was maintained on Tuesday, October 3 by Jefferies. Credit Suisse maintained Conagra Brands, Inc. (NYSE:CAG) on Friday, December 23 with “Neutral” rating. The firm has “Hold” rating by Deutsche Bank given on Friday, April 8.

Since January 18, 2018, it had 0 buys, and 8 insider sales for $22.92 million activity. $854,665 worth of The Goldman Sachs Group, Inc. (NYSE:GS) shares were sold by SOLOMON DAVID M. $1.17 million worth of The Goldman Sachs Group, Inc. (NYSE:GS) was sold by ROGERS JOHN F.W. on Friday, February 23. LEE BRIAN J also sold $1.78M worth of The Goldman Sachs Group, Inc. (NYSE:GS) on Wednesday, February 21. Shares for $2.70 million were sold by SALAME PABLO J on Thursday, February 1. Another trade for 17,500 shares valued at $4.40 million was made by VINIAR DAVID A on Thursday, January 18.

Analysts await The Goldman Sachs Group, Inc. (NYSE:GS) to report earnings on July, 17. They expect $4.67 earnings per share, up 18.23% or $0.72 from last year’s $3.95 per share. GS’s profit will be $1.76B for 12.57 P/E if the $4.67 EPS becomes a reality. After $6.95 actual earnings per share reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts -32.81% negative EPS growth.

More notable recent The Goldman Sachs Group, Inc. (NYSE:GS) news were published by: Livetradingnews.com which released: “The Goldman Sachs Group, Inc. (NYSE:GS) Bullish Trend Continues” on May 14, 2018, also Thestreet.com with their article: “Rumors on TheStreet: Goldman Sachs CEO Hints at a Sales Breakout” published on May 08, 2018, Streetinsider.com published: “Congress votes to ease post-crisis bank rules in victory for Trump” on May 23, 2018. More interesting news about The Goldman Sachs Group, Inc. (NYSE:GS) were released by: Livetradingnews.com and their article: “The Goldman Sachs Group, Inc. (NYSE:GS) Stock Oversold” published on May 21, 2018 as well as Streetinsider.com‘s news article titled: “IHS Markit (INFO) Announces Acquisition of Ipreo from Blackstone (BX) and Goldman Sachs Merchant Banking …” with publication date: May 21, 2018.

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.24, from 0.75 in 2017Q3. It is positive, as 60 investors sold GS shares while 371 reduced holdings. 106 funds opened positions while 322 raised stakes. 268.85 million shares or 1.06% less from 271.74 million shares in 2017Q3 were reported. Tarbox Family Office Inc reported 0.01% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). Covington reported 0.01% stake. Perigon Wealth Management Ltd Liability Co invested in 0.04% or 419 shares. Moreover, Azimuth Cap Mngmt Limited has 0.02% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 1,056 shares. Federated Invsts Pa invested 0.02% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). Supplemental Annuity Collective Tru Of Nj has 3,000 shares. Raymond James Tru Na holds 0.14% or 8,414 shares. Highlander Cap Mngmt Ltd Liability reported 53 shares stake. Carlson Capital LP reported 117,153 shares or 0.51% of all its holdings. Assetmark Inc holds 3,123 shares. Brighton Jones Ltd Company reported 1,663 shares. Brown Advisory Incorporated reported 28,279 shares. California Public Employees Retirement System holds 0.3% or 860,595 shares in its portfolio. State Of New Jersey Common Pension Fund D has 382,500 shares. Orca Invest Management Limited Liability accumulated 0.84% or 3,755 shares.

Among 32 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 14 have Buy rating, 1 Sell and 17 Hold. Therefore 44% are positive. Goldman Sachs Group Inc. had 109 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Tuesday, January 3 with “Equal Weight”. The rating was downgraded by HSBC to “Hold” on Friday, August 11. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, August 23. The stock has “Hold” rating by RBC Capital Markets on Wednesday, August 30. As per Monday, October 12, the company rating was upgraded by Citigroup. The firm has “Hold” rating by Deutsche Bank given on Wednesday, August 12. The firm earned “Outperform” rating on Friday, November 18 by Macquarie Research. The firm has “Sell” rating by Berenberg given on Friday, February 24. The rating was downgraded by Citigroup on Tuesday, November 8 to “Neutral”. On Thursday, August 10 the stock rating was maintained by Wells Fargo with “Outperform”.

Conagra Brands, Inc. (NYSE:CAG) Institutional Positions Chart

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