Conagra Brands Inc. (NYSE: CAG) is -6.04% lower on its value in year-to-date trading and has touched a low of $22.83 and a high of $39.34 in the current 52-week trading range. The CAG stock was last observed hovering at around $33.78 in the last trading session, with the day’s gains setting it 0.29% off its average median price target of $39.00 for the next 12 months. It is also 22.57% off the consensus price target high of $44.00 offered by 19 analysts, but current levels are -3.24% lower than the price target low of $33.00 for the same period.
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Currently trading at $34.07, the stock is -4.94% and -4.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.45 million and changing 0.86% at the moment leaves the stock -3.29% off its SMA200. CAG registered 5.77% gain for a year compared to 6-month loss of -6.17%. The firm has a 50-day simple moving average (SMA 50) of $35.74 and a 200-day simple moving average (SMA200) of $36.30.
The stock witnessed a -4.57% gain in the last 1 month and extending the period to 3 months gives it a -8.54%, and is -6.04% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.63% over the week and 1.70% over the month.
Conagra Brands Inc. (CAG) has around 16500 employees, a market worth around $16.50B and $11.52B in sales. Current P/E ratio is 14.99 and Fwd P/E is 13.07. Profit margin for the company is 9.70%. Distance from 52-week low is 49.23% and -13.40% from its 52-week high. The company has generated returns on investments over the last 12 months (7.20%).
Conagra Brands Inc. (CAG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Conagra Brands Inc. (CAG) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 2.40, where 9 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Conagra Brands Inc. is expected to release its quarterly report on 03/25/2021 and quarterly earnings per share for the current quarter are estimated at $0.58 with sales reaching $2.71B over the same period.The EPS is expected to grow by 12.60% this year, but quarterly earnings will post -0.60% year-over-year. Quarterly sales are estimated to grow 6.10% in year-over-year returns.
Conagra Brands Inc. (CAG) Top Institutional Holders
993 institutions hold shares in Conagra Brands Inc. (CAG), with 2.01M shares held by insiders accounting for 0.41% while institutional investors hold 85.10% of the company’s shares. The shares outstanding are 489.10M, and float is at 486.45M with Short Float at 1.83%. Institutions hold 84.75% of the Float.
The top institutional shareholder in the company is Capital World Investors with over 57.14 million shares valued at $2.04 billion. The investor’s holdings represent 11.70% of the CAG Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 55.5 million shares valued at $1.98 billion to account for 11.36% of the shares outstanding. The other top investors are Blackrock Inc. which holds 35.7 million shares representing 7.31% and valued at over $1.27 billion, while Price (T.Rowe) Associates Inc holds 4.91% of the shares totaling 23.98 million with a market value of $856.49 million.
Conagra Brands Inc. (CAG) Insider Activity
A total of 43 insider transactions have happened at Conagra Brands Inc. (CAG) in the last six months, with sales accounting for 22 and purchases happening 21 times. The most recent transaction is an insider sale by GREGOR JOIE A, the company’s Director. SEC filings show that GREGOR JOIE A sold 8,900 shares of the company’s common stock on Jan 04 at a price of $36.31 per share for a total of $0.32 million. Following the sale, the insider now owns 54318.0 shares.
Conagra Brands Inc. disclosed in a document filed with the SEC on Jul 31 that Biegger David (EVP,Chief Supply Chain Officer) sold a total of 33,634 shares of the company’s common stock. The trade occurred on Jul 31 and was made at $37.66 per share for $1.27 million. Following the transaction, the insider now directly holds 66697.0 shares of the CAG stock.
Still, SEC filings show that on Jul 31, Biegger David (EVP,Chief Supply Chain Officer) disposed off 33,634 shares at an average price of $37.66 for $1.27 million. The insider now directly holds 66,697 shares of Conagra Brands Inc. (CAG).
Conagra Brands Inc. (CAG): Who are the competitors?
The company’s main competitors (and peers) include The Hain Celestial Group Inc. (HAIN) that is trading 59.90% up over the past 12 months. The J. M. Smucker Company (SJM) is 12.07% up on the 1-year trading charts. Short interest in the company’s stock has risen 5.96% from the last report on Nov 12, 2020 to stand at a total of 8.36 million short shares sold with a short interest ratio of 2.93.