As Conagra Foods (CAG) Shares Declined, Shareholder Scout Investments Decreased Its Holding; Newmont Mining (NEM) Market Valuation Declined While Tobam Has Trimmed Position by $5.25 Million

February 20, 2018 - By Darrin Black

Scout Investments Inc decreased its stake in Conagra Foods Inc (CAG) by 32.29% based on its latest 2017Q3 regulatory filing with the SEC. Scout Investments Inc sold 133,261 shares as the company’s stock declined 4.77% while stock markets rallied. The institutional investor held 279,401 shares of the consumer non-durables company at the end of 2017Q3, valued at $9.43M, down from 412,662 at the end of the previous reported quarter. Scout Investments Inc who had been investing in Conagra Foods Inc for a number of months, seems to be less bullish one the $14.63 billion market cap company. The stock increased 0.73% or $0.26 during the last trading session, reaching $36.51. About 1.08 million 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.

Tobam decreased its stake in Newmont Mining Corp (NEM) by 16.28% based on its latest 2017Q3 regulatory filing with the SEC. Tobam sold 141,951 shares as the company’s stock declined 9.13% while stock markets rallied. The institutional investor held 730,245 shares of the precious metals company at the end of 2017Q3, valued at $27.39 million, down from 872,196 at the end of the previous reported quarter. Tobam who had been investing in Newmont Mining Corp for a number of months, seems to be less bullish one the $20.70 billion market cap company. The stock decreased 0.74% or $0.29 during the last trading session, reaching $38.82. About 2.28M shares traded. Newmont Mining Corporation (NYSE:NEM) has declined 1.49% since February 20, 2017 and is downtrending. It has underperformed by 18.19% the S&P500.




Among 24 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Newmont Mining Corporation had 85 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, September 22 by Zacks. The firm has “Outperform” rating by Scotia Capital given on Tuesday, September 1. As per Tuesday, November 3, the company rating was maintained by FBR Capital. FBR Capital maintained the stock with “Mkt Perform” rating in Monday, December 7 report. The rating was maintained by BMO Capital Markets with “Buy” on Monday, April 24. RBC Capital Markets maintained it with “Hold” rating and $41.0 target in Monday, August 28 report. The stock has “Outperform” rating by IBC on Friday, July 24. The stock has “Buy” rating by Credit Suisse on Friday, April 28. The firm has “Hold” rating by Jefferies given on Tuesday, October 3. Bank of America upgraded the stock to “Buy” rating in Wednesday, January 27 report.

Investors sentiment increased to 1.4 in Q3 2017. Its up 0.47, from 0.93 in 2017Q2. It increased, as 35 investors sold NEM shares while 147 reduced holdings. 85 funds opened positions while 169 raised stakes. 427.26 million shares or 26.53% more from 337.68 million shares in 2017Q2 were reported. First Republic Investment Mngmt holds 0.01% or 29,293 shares. Hanson Mcclain accumulated 12 shares. Bridgewater Assocs Limited Partnership holds 0.01% or 57,509 shares in its portfolio. Teachers Retirement System Of The State Of Kentucky owns 61,658 shares. Arizona State Retirement System owns 327,061 shares for 0.15% of their portfolio. Meiji Yasuda Asset Mgmt Company, a Japan-based fund reported 73,147 shares. Edge Wealth Management Ltd Company invested in 0.02% or 1,400 shares. Da Davidson And holds 0.01% or 16,456 shares. Synovus Financial owns 11,656 shares. Moreover, Centurylink Mgmt has 0.28% invested in Newmont Mining Corporation (NYSE:NEM) for 23,273 shares. Asa Gold & Precious Metals Limited reported 570,368 shares. Malaga Cove Cap Limited Company, California-based fund reported 85,959 shares. Mitsubishi Ufj Trust & Corp holds 0.08% or 1.13 million shares. Perkins Coie Trust holds 0% or 33 shares in its portfolio. Cantab Partners Llp holds 0.14% or 25,163 shares.

Tobam, which manages about $5.57B and $2.65B US Long portfolio, upped its stake in Amerco (NASDAQ:UHAL) by 3,745 shares to 4,572 shares, valued at $1.71M in 2017Q3, according to the filing. It also increased its holding in Continental Resources Inc/Ok (NYSE:CLR) by 148,037 shares in the quarter, for a total of 221,770 shares, and has risen its stake in Limited Brands Inc (LTD).

Since September 1, 2017, it had 0 insider buys, and 11 selling transactions for $1.16 million activity. Lawson Scott P had sold 5,000 shares worth $189,250 on Monday, September 25. $46,688 worth of Newmont Mining Corporation (NYSE:NEM) was sold by Palmer Thomas Ronald. Goldberg Gary J sold $38,600 worth of stock or 1,000 shares. 10,250 shares valued at $392,268 were sold by Dorward-King Elaine J on Wednesday, September 20.

Scout Investments Inc, which manages about $31.17 billion and $3.65B US Long portfolio, upped its stake in Science Applications Inte (NYSE:SAIC) by 140,005 shares to 305,849 shares, valued at $20.45 million in 2017Q3, according to the filing. It also increased its holding in Keycorp New (NYSE:KEY) by 72,566 shares in the quarter, for a total of 1.46M shares, and has risen its stake in Albemarle Corp (NYSE:ALB).

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. Stifel Nicolaus maintained the shares of CAG in report on Thursday, August 31 with “Hold” rating. The firm has “Buy” rating given on Tuesday, October 3 by Jefferies. The stock has “Underperform” rating by Bernstein on Tuesday, March 21. Morgan Stanley maintained the shares of CAG in report on Monday, September 25 with “Overweight” rating. The firm has “Hold” rating given on Thursday, September 24 by TheStreet. The stock of Conagra Brands, Inc. (NYSE:CAG) earned “Neutral” rating by Goldman Sachs on Thursday, February 25. Deutsche Bank maintained Conagra Brands, Inc. (NYSE:CAG) on Friday, September 23 with “Hold” rating. As per Wednesday, October 19, the company rating was maintained by Stifel Nicolaus. The stock of Conagra Brands, Inc. (NYSE:CAG) has “Buy” rating given on Wednesday, December 16 by Jefferies. UBS initiated Conagra Brands, Inc. (NYSE:CAG) rating on Monday, November 14. UBS has “Neutral” rating and $36 target.

Investors sentiment increased to 0.99 in Q3 2017. Its up 0.17, from 0.82 in 2017Q2. It is positive, 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. Tiaa Cref Investment Mngmt Limited Liability Co invested in 0.14% or 6.02 million shares. Moreover, Stephens Ar has 0.02% invested in Conagra Brands, Inc. (NYSE:CAG). Moreover, Alpine Woods Cap Ltd Liability Company has 0.07% invested in Conagra Brands, Inc. (NYSE:CAG) for 42,500 shares. Loring Wolcott And Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma owns 2,682 shares. British Columbia Inv Management has invested 0.04% in Conagra Brands, Inc. (NYSE:CAG). Walleye Trading Ltd Limited Liability Company holds 0.01% or 36,121 shares in its portfolio. Caisse De Depot Et Placement Du Quebec owns 178,400 shares for 0.01% of their portfolio. 554,375 are held by Pinebridge Investments Ltd Partnership. Winfield Associates Inc invested in 0% or 274 shares. Webster Fincl Bank N A invested 0.01% in Conagra Brands, Inc. (NYSE:CAG). Caxton Assoc LP stated it has 0.02% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Spirit Of America Mgmt Ny reported 0.03% stake. Bartlett And Company Limited Liability Company accumulated 800 shares. California-based Stevens First Principles Invest Advsrs has invested 0% in Conagra Brands, Inc. (NYSE:CAG). Japan-based Mitsubishi Ufj Trust Corporation has invested 0.08% in Conagra Brands, Inc. (NYSE:CAG).

Since October 13, 2017, it had 0 insider purchases, and 2 insider sales for $5.47 million activity. 133,869 shares were sold by Batcheler Colleen, worth $4.59 million.

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