5 Best Stocks to Buy According to Billionaire Barry Rosenstein’s Jana Partners

1. Conagra Brands, Inc. (NYSE: CAG)

JANA Partner’s Stake Value: $408,276,000
Percent of JANA Partner’s 13F Portfolio: 27.52%
Number of Hedge Fund Holders: 30

Conagra Brands, Inc. (NYSE: CAG) is the largest holding of Barry Rosenstein’s Jana Partners. It is an American packaged goods company with headquarters in Chicago, U.S. It owns some of the most famous packaged food brands, such as Birds Eye, Duncan Hines, Marie Callender’s, Healthy Choice, etc. The company has approximately 16,500 employees across 50 locations.

As of Q1 2021, Jana Partners holds 10.8 million stakes in the company, worth $408.2 million, making it one of the best stocks to buy according to Billionaire Barry Rosenstein’s Jana Partners. The company accounts for 27.52% of the fund’s portfolio. In Q4 FY21, Conagra Brands, Inc. (NYSE: CAG) reported a net income of $261 million. The EPS was recorded at $0.54, beating the market consensus by $0.02. The company raised its annual dividend by 14% to $0.3125 per share.

In the first quarter of 2021, 30 hedge funds tracked by Insider Monkey have positions in Conagra Brands, Inc. (NYSE: CAG), up from 28 in the previous quarter. The total value of these stakes is over $700 million.

You can also take a look at Barry Rosenstein and Jana Partners’ Top Stock Picks and 10 Best Safe Dividend Stocks According to Billionaire Dan Loeb.

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