Conagra Brands (CAG) Stake Has Lifted by Jana Partners Llc; As Cott Que Com (COT) Market Value Rose, Canada Pension Plan Investment Board Raised by $506,800 Its Position

February 20, 2018 - By Evgen Dobrzhanskiy

Barry Rosenstein increased its stake in Conagra Brands Inc (CAG) by 896.15% based on its latest 2017Q3 regulatory filing with the SEC. Jana Partners Llc bought 4.48 million shares as the company’s stock declined 4.77% while stock markets rallied. The hedge fund run by Barry Rosenstein held 4.98 million shares of the consumer non-durables company at the end of 2017Q3, valued at $168.05M, 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 $14.52B market cap company. The stock decreased 0.30% or $0.11 during the last trading session, reaching $36.25. About 3.20M shares traded. Conagra Brands, Inc. (NYSE:CAG) has risen 8.39% since February 20, 2017 and is uptrending. It has underperformed by 8.31% the S&P500.

Canada Pension Plan Investment Board increased its stake in Cott Corp Que Com (COT) by 24.59% based on its latest 2017Q3 regulatory filing with the SEC. Canada Pension Plan Investment Board bought 36,200 shares as the company’s stock rose 17.69% with the market. The institutional investor held 183,410 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $2.74 million, up from 147,210 at the end of the previous reported quarter. Canada Pension Plan Investment Board who had been investing in Cott Corp Que Com for a number of months, seems to be bullish on the $2.16B market cap company. The stock increased 0.19% or $0.03 during the last trading session, reaching $15.63. About 595,641 shares traded. Cott Corporation (NYSE:COT) has declined 10.50% since February 20, 2017 and is downtrending. It has underperformed by 27.20% the S&P500.

Jana Partners Llc, which manages about $11.37 billion and $4.82B US Long portfolio, decreased its stake in Liberty Broadband Corp by 763,847 shares to 4.39 million shares, valued at $418.22M in 2017Q3, according to the filing. It also reduced its holding in Pandora Media Inc (NYSE:P) by 3.88 million shares in the quarter, leaving it with 16.32M shares, and cut its stake in Salesforce Com Inc (NYSE:CRM).

Among 14 analysts covering ConAgra Foods (NYSE:CAG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. ConAgra Foods had 46 analyst reports since September 16, 2015 according to SRatingsIntel. The stock of Conagra Brands, Inc. (NYSE:CAG) has “Overweight” rating given on Wednesday, November 9 by JP Morgan. The rating was initiated by Jefferies on Wednesday, December 16 with “Buy”. Deutsche Bank maintained it with “Hold” rating and $46 target in Friday, September 23 report. The firm earned “Hold” rating on Wednesday, October 19 by Stifel Nicolaus. On Tuesday, December 12 the stock rating was upgraded by UBS to “Hold”. The rating was maintained by Jefferies on Friday, July 28 with “Buy”. The rating was maintained by Stifel Nicolaus on Monday, July 24 with “Hold”. The rating was downgraded by Bernstein on Tuesday, March 21 to “Underperform”. The rating was maintained by Deutsche Bank with “Hold” on Friday, September 25. Jefferies maintained the stock with “Buy” rating in Friday, July 14 report.

Investors sentiment increased to 0.99 in Q3 2017. Its up 0.17, from 0.82 in 2017Q2. It increased, as 53 investors sold CAG shares while 197 reduced holdings. 66 funds opened positions while 181 raised stakes. 310.77 million shares or 1.88% less from 316.73 million shares in 2017Q2 were reported. Sei Investments Co owns 203,639 shares for 0.02% of their portfolio. Ironwood Investment Mngmt Ltd Liability Co accumulated 6,400 shares. Citadel Limited Liability Com holds 5.10 million shares or 0.13% of its portfolio. Regions Corporation reported 0.04% in Conagra Brands, Inc. (NYSE:CAG). Moreover, Pittenger Anderson Incorporated has 0.03% invested in Conagra Brands, Inc. (NYSE:CAG). Qci Asset Management New York has 690 shares for 0% of their portfolio. 289,392 are owned by Victory Cap Mgmt. Stevens First Principles Advisors holds 0% or 130 shares in its portfolio. Virtu Lc accumulated 34,817 shares. Conning reported 0.01% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Manufacturers Life Insur The holds 468,114 shares. Monroe Fincl Bank And Mi holds 0.07% or 5,442 shares in its portfolio. Clinton holds 0.2% or 52,807 shares. Susquehanna Gru Ltd Liability Partnership has invested 0% in Conagra Brands, Inc. (NYSE:CAG). Moreover, Numeric Ltd Co has 0.61% invested in Conagra Brands, Inc. (NYSE:CAG) for 2.34 million shares.

Since October 13, 2017, it had 0 buys, and 2 insider sales for $5.47 million activity. 133,869 Conagra Brands, Inc. (NYSE:CAG) shares with value of $4.59 million were sold by Batcheler Colleen.

Canada Pension Plan Investment Board, which manages about $48.90B US Long portfolio, decreased its stake in Amazon Com Inc Com (NASDAQ:AMZN) by 71,300 shares to 206,530 shares, valued at $198.55M in 2017Q3, according to the filing. It also reduced its holding in Liberty Interactive Corp Qvc Gp Com Ser A (NASDAQ:QVCA) by 193,338 shares in the quarter, leaving it with 33,510 shares, and cut its stake in Metlife Inc Com (NYSE:MET).

Among 11 analysts covering Cott Corporation (NYSE:COT), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Cott Corporation had 38 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Cott Corporation (NYSE:COT) earned “Buy” rating by BMO Capital Markets on Tuesday, July 25. The rating was maintained by Jefferies on Thursday, January 4 with “Hold”. The stock has “Buy” rating by BMO Capital Markets on Tuesday, September 5. The stock of Cott Corporation (NYSE:COT) has “Hold” rating given on Friday, October 6 by Jefferies. The rating was initiated by Credit Suisse on Tuesday, July 21 with “Outperform”. RBC Capital Markets maintained it with “Buy” rating and $2000 target in Friday, June 9 report. The stock has “Hold” rating by Jefferies on Monday, June 12. The firm has “Buy” rating by Deutsche Bank given on Friday, July 31. The stock of Cott Corporation (NYSE:COT) has “Hold” rating given on Friday, June 23 by Stifel Nicolaus. The stock of Cott Corporation (NYSE:COT) earned “Hold” rating by Jefferies on Friday, August 19.

Investors sentiment increased to 1.42 in Q3 2017. Its up 0.56, from 0.86 in 2017Q2. It increased, as 14 investors sold COT shares while 29 reduced holdings. 18 funds opened positions while 43 raised stakes. 102.05 million shares or 7.26% more from 95.15 million shares in 2017Q2 were reported. Tower Rech Ltd Liability (Trc) holds 16,931 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Cott Corporation (NYSE:COT) for 29,704 shares. Cubist Systematic Strategies Limited Company holds 0.02% or 20,805 shares. Springowl Assocs Ltd Liability owns 60,000 shares or 0.6% of their US portfolio. Clearbridge Invests Limited Liability Com has 0.01% invested in Cott Corporation (NYSE:COT). Cramer Rosenthal Mcglynn Ltd Company stated it has 0.49% in Cott Corporation (NYSE:COT). Gsa Cap Ptnrs Llp owns 81,265 shares. Mackenzie Fincl owns 1.11 million shares. Commonwealth Equity Incorporated holds 102,130 shares. Dimensional Fund Advisors LP owns 0% invested in Cott Corporation (NYSE:COT) for 729,245 shares. Quantbot Technology Limited Partnership invested 0.05% of its portfolio in Cott Corporation (NYSE:COT). Loomis Sayles And Ltd Partnership reported 0.03% of its portfolio in Cott Corporation (NYSE:COT). Moreover, Engineers Gate Manager LP has 0.15% invested in Cott Corporation (NYSE:COT) for 116,587 shares. Moreover, Gabelli Funds Ltd Liability has 0.07% invested in Cott Corporation (NYSE:COT) for 850,000 shares. Hbk Lp reported 22,000 shares.

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