Conagra Brands Inc (NYSE: CAG) is 14.41% higher on its value in year-to-date trading and has touched a low of $25.16 and a high of $33.02 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 $32.83 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $32.79, the stock is 5.12% and 8.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.4 million and changing -0.12% at the moment leaves the stock 11.30% off its SMA200. CAG registered 12.68% gain for a year compared to 6-month gain of 14.93%.
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The stock witnessed a 8.76% loss in the last 1 month and extending the period to 3 months gives it a 11.95%, and is 2.73% 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 1.48% over the week and 1.84% over the month.
Conagra Brands Inc (CAG) has around 18500 employees, a market worth around $15.71B and $12.05B in sales. Current P/E ratio is 45.48 and Fwd P/E is 12.14. Profit margin for the company is 2.88%. Distance from 52-week low is 30.33% and -0.70% from its 52-week high. The company has generated returns on investments over the last 12 months (2.16%).
The EPS is expected to shrink by -2.09% this year.
Conagra Brands Inc (CAG) Top Institutional Holders
1209.0 institutions hold shares in Conagra Brands Inc (CAG), with institutional investors hold 89.52% of the company’s shares. The shares outstanding are 478.17M, and float is at 476.56M with Short Float at 3.03%. Institutions hold 89.02% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 57.35 million shares valued at $1.63 billion. The investor’s holdings represent 11.9779% of the CAG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 47.23 million shares valued at $1.34 billion to account for 9.8643 of the shares outstanding. The other top investors are STATE STREET CORP which holds 22.79 million shares representing 4.7603% and valued at over $647.76 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 3.5351 of the shares totaling 16.93 million with a market value of $481.04 million.
Conagra Brands Inc (CAG) Insider Activity
The most recent transaction is an insider sale by McGough Thomas M, the company’s EVP & COO. SEC filings show that McGough Thomas M sold 40,000 shares of the company’s common stock on Aug 13 ’24 at a price of $30.29 per share for a total of $1.21 million. Following the sale, the insider now owns 0.16 million shares.
Still, SEC filings show that on May 23 ’24, Brock Charisse (EVP, Chief HR Officer) disposed off 15,444 shares at an average price of $30.37 for $0.47 million. The insider now directly holds 113,254 shares of Conagra Brands Inc (CAG).
