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Conagra Brands Inc (CAG) Stock Could Soon Reward Patient Investors

Conagra Brands Inc (NYSE: CAG) is 0.28% higher on its value in year-to-date trading and has touched a low of $25.16 and a high of $33.60 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 $28.40 in the last trading session, with the day’s gains setting it 0.34%.

Currently trading at $28.74, the stock is 0.20% and -3.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.23 million and changing 1.20% at the moment leaves the stock -0.34% off its SMA200. CAG registered -13.49% loss for a year compared to 6-month gain of 1.88%.

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The stock witnessed a -2.71% loss in the last 1 month and extending the period to 3 months gives it a -8.12%, and is 1.55% 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 1.30% over the week and 1.60% over the month.

Conagra Brands Inc (CAG) has around 18600 employees, a market worth around $13.74B and $12.12B in sales. Current P/E ratio is 14.49 and Fwd P/E is 10.64. Profit margin for the company is 7.86%. Distance from 52-week low is 14.23% and -14.46% from its 52-week high. The company has generated returns on investments over the last 12 months (5.72%).

The EPS is expected to shrink by -5.11% this year.

Conagra Brands Inc (CAG) Top Institutional Holders

The shares outstanding are 477.02M, and float is at 475.66M with Short Float at 3.15%.

Conagra Brands Inc (CAG) Insider Activity

The most recent transaction is an insider sale by Brock Charisse,the company’sEVP, Chief HR Officer. SEC filings show that Brock Charisse sold 15,444 shares of the company’s common stock on May 23 ’24 at a price of $30.37 per share for a total of $0.47 million. Following the sale, the insider now owns 0.11 million shares.

Conagra Brands Inc disclosed in a document filed with the SEC on Oct 09 ’23 that LENNY RICHARD H (Director) bought a total of 9,238 shares of the company’s common stock. The trade occurred on Oct 09 ’23 and was made at $27.31 per share for $0.25 million. Following the transaction, the insider now directly holds 0.17 million shares of the CAG stock.

Still, SEC filings show that on Aug 02 ’23, McGough Thomas M (EVP & Co-COO) disposed off 75,522 shares at an average price of $33.07 for $2.5 million. The insider now directly holds 157,125 shares of Conagra Brands Inc (CAG).

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