Fosun International LTD Lifted Holding in Sina (SINA) as Stock Price Rose; Jana Partners Has Decreased Conagra Brands (Call) (CAG) Position by $377,400 as Stock Declined

April 17, 2018 - By Winifred Garcia

Conagra Brands, Inc. (NYSE:CAG) Logo

Fosun International Ltd increased its stake in Sina Corp (SINA) by 16.23% based on its latest 2017Q4 regulatory filing with the SEC. Fosun International Ltd bought 160,831 shares as the company’s stock rose 0.05% while stock markets declined. The institutional investor held 1.15M shares of the prepackaged software company at the end of 2017Q4, valued at $115.52M, up from 990,802 at the end of the previous reported quarter. Fosun International Ltd who had been investing in Sina Corp for a number of months, seems to be bullish on the $6.82 billion market cap company. The stock increased 0.58% or $0.55 during the last trading session, reaching $95.36. About 618,418 shares traded. SINA Corporation (NASDAQ:SINA) has risen 55.04% since April 17, 2017 and is uptrending. It has outperformed by 43.49% the S&P500.

Barry Rosenstein decreased its stake in Conagra Brands Inc (Call) (CAG) by 2.04% based on its latest 2017Q4 regulatory filing with the SEC. Jana Partners Llc sold 10,200 shares as the company’s stock declined 4.67% with the market. The hedge fund run by Barry Rosenstein held 489,800 shares of the consumer non-durables company at the end of 2017Q4, valued at $18.45 million, down from 500,000 at the end of the previous reported quarter. Jana Partners Llc who had been investing in Conagra Brands Inc (Call) for a number of months, seems to be less bullish one the $14.71 billion market cap company. The stock increased 0.43% or $0.16 during the last trading session, reaching $37.37. About 1.21M shares traded. Conagra Brands, Inc. (NYSE:CAG) has declined 9.57% since April 17, 2017 and is downtrending. It has underperformed by 21.12% the S&P500.

Among 10 analysts covering Sina Corporation (NASDAQ:SINA), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Sina Corporation had 21 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, February 14 by CLSA. Jefferies maintained the stock with “Buy” rating in Tuesday, October 17 report. Jefferies upgraded SINA Corporation (NASDAQ:SINA) on Friday, July 22 to “Buy” rating. The company was initiated on Friday, August 5 by Citigroup. The firm earned “Buy” rating on Wednesday, September 14 by Brean Capital. As per Monday, August 17, the company rating was upgraded by TH Capital. As per Thursday, August 10, the company rating was maintained by Jefferies. Brean Capital maintained the shares of SINA in report on Thursday, November 19 with “Buy” rating. The stock has “Overweight” rating by JP Morgan on Wednesday, August 31. The firm has “Buy” rating by Jefferies given on Thursday, February 15.

Investors sentiment increased to 1.38 in Q4 2017. Its up 0.14, from 1.24 in 2017Q3. It increased, as 32 investors sold SINA shares while 53 reduced holdings. 39 funds opened positions while 78 raised stakes. 44.22 million shares or 3.72% less from 45.93 million shares in 2017Q3 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0.01% of its portfolio in SINA Corporation (NASDAQ:SINA). 152,450 are owned by Fincl Bank Of America Corporation De. Manufacturers Life Com The has 0% invested in SINA Corporation (NASDAQ:SINA). Invesco holds 0.01% or 171,230 shares in its portfolio. Ellington Mgmt Gp Ltd Co stated it has 4,600 shares or 0.08% of all its holdings. The New York-based Integral Derivatives Limited Liability has invested 0.02% in SINA Corporation (NASDAQ:SINA). Wellington Gp Ltd Liability Partnership has 0.02% invested in SINA Corporation (NASDAQ:SINA). Hilltop, Texas-based fund reported 4,100 shares. Trexquant Investment Limited Partnership owns 11,075 shares. Marshall Wace Llp reported 66,355 shares. Pub Sector Pension Invest Board owns 0.14% invested in SINA Corporation (NASDAQ:SINA) for 215,599 shares. Northwestern Mutual Wealth reported 102 shares stake. Arrowstreet Capital Lp holds 533,073 shares or 0.13% of its portfolio. Moore Mngmt Lp reported 0.31% of its portfolio in SINA Corporation (NASDAQ:SINA). Moreover, Tiaa Cref Mngmt Ltd Liability Corp has 0.01% invested in SINA Corporation (NASDAQ:SINA).

Since January 4, 2018, it had 0 buys, and 4 selling transactions for $1.76 million activity. 5,908 shares were sold by Wise Robert G, worth $219,285 on Wednesday, April 4. MARSHALL RUTH ANN had sold 6,046 shares worth $216,810.

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. The company was maintained on Friday, July 1 by RBC Capital Markets. The rating was upgraded by Bank of America to “Buy” on Friday, February 12. The company was maintained on Friday, June 30 by UBS. The rating was maintained by Stifel Nicolaus on Monday, July 24 with “Hold”. UBS initiated Conagra Brands, Inc. (NYSE:CAG) on Monday, November 14 with “Neutral” rating. The rating was maintained by Jefferies with “Buy” on Monday, April 2. The firm has “Buy” rating by Citigroup given on Wednesday, January 11. The stock has “Neutral” rating by UBS on Friday, March 23. As per Friday, October 14, the company rating was upgraded by RBC Capital Markets. The company was maintained on Wednesday, July 27 by Jefferies.

Analysts await Conagra Brands, Inc. (NYSE:CAG) to report earnings on July, 5. They expect $0.43 earnings per share, up 16.22% or $0.06 from last year’s $0.37 per share. CAG’s profit will be $169.22 million for 21.73 P/E if the $0.43 EPS becomes a reality. After $0.61 actual earnings per share reported by Conagra Brands, Inc. for the previous quarter, Wall Street now forecasts -29.51% negative EPS growth.

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

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