Conagra Brands Inc (NYSE: CAG) is 3.11% higher on its value in year-to-date trading and has touched a low of $25.16 and a high of $38.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CAG stock was last observed hovering at around $29.68 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $29.55, the stock is 3.46% and 3.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.72 million and changing -0.44% at the moment leaves the stock 0.35% off its SMA200. CAG registered -20.97% loss for a year compared to 6-month gain of 7.77%. The firm has a 50-day simple moving average (SMA 50) of $1.90 and a 200-day simple moving average (SMA200) of $12.30.
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The stock witnessed a 6.37% loss in the last 1 month and extending the period to 3 months gives it a 3.11%, and is 1.58% up 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 1.31% over the week and 1.55% over the month.
Conagra Brands Inc (CAG) has around 18600 employees, a market worth around $14.12B and $12.17B in sales. Current P/E ratio is 14.39 and Fwd P/E is 10.97. Profit margin for the company is 8.09%. Distance from 52-week low is 17.45% and -24.10% from its 52-week high. The company has generated returns on investments over the last 12 months (5.97%).
Conagra Brands Inc quarterly earnings per share for the current quarter are estimated at $0.64 with sales reaching $3.01B over the same period.The EPS is expected to shrink by -5.99% this year, but quarterly earnings will post -1.60% year-over-year.
Conagra Brands Inc (CAG) Top Institutional Holders
1,179 institutions hold shares in Conagra Brands Inc (CAG), with institutional investors hold 87.38% of the company’s shares. The shares outstanding are 477.02M, and float is at 475.68M with Short Float at 1.96%. Institutions hold 86.96% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 58.4 million shares valued at $1.97 billion. The investor’s holdings represent 12.22% of the CAG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 44.04 million shares valued at $1.48 billion to account for 9.21% of the shares outstanding. The other top investors are State Street Corporation which holds 24.17 million shares representing 5.06% and valued at over $814.94 million, while Price (T.Rowe) Associates Inc holds 4.78% of the shares totaling 22.86 million with a market value of $770.94 million.
Conagra Brands Inc (CAG) Insider Activity
The most recent transaction is an insider purchase by LENNY RICHARD H,the company’sDirector. SEC filings show that LENNY RICHARD H bought 9,238 shares of the company’s common stock on Oct 09 ’23 at a price of $27.31 per share for a total of $0.25 million. Following the purchase, the insider now owns 0.17 million shares.
Conagra Brands Inc disclosed in a document filed with the SEC on Aug 02 ’23 that McGough Thomas M (EVP & Co-COO) sold a total of 75,522 shares of the company’s common stock. The trade occurred on Aug 02 ’23 and was made at $33.07 per share for $2.5 million. Following the transaction, the insider now directly holds 0.16 million shares of the CAG stock.
Still, SEC filings show that on Apr 14 ’23, Brock Charisse (EVP, Chief HR Officer) disposed off 7,036 shares at an average price of $37.04 for $0.26 million. The insider now directly holds 94,802 shares of Conagra Brands Inc (CAG).
