Conagra Brands Inc (NYSE: CAG) is -5.41% lower on its value in year-to-date trading and has touched a low of $26.21 and a high of $33.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CAG stock was last observed hovering at around $26.81 in the last trading session, with the day’s gains setting it 0.3%.
Currently trading at $27.11, the stock is -1.76% and -4.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.5 million and changing 1.12% at the moment leaves the stock -8.69% off its SMA200. CAG registered -4.41% loss for a year compared to 6-month loss of -7.60%. The firm has a 50-day simple moving average (SMA 50) of $28.2502 and a 200-day simple moving average (SMA200) of $29.6885.
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The stock witnessed a -0.04% gain in the last 1 month and extending the period to 3 months gives it a -16.09%, and is -3.87% 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 2.17% over the week and 2.05% over the month.
Conagra Brands Inc (CAG) has around 18500 employees, a market worth around $13.08B and $11.93B in sales. Current P/E ratio is 26.49 and Fwd P/E is 10.42. Profit margin for the company is 4.13%. Distance from 52-week low is 3.43% and -18.44% from its 52-week high. The company has generated returns on investments over the last 12 months (3.28%).
with sales reaching $2.99B over the same period.The EPS is expected to shrink by -6.96% this year, but quarterly earnings will post -1.50% year-over-year. Quarterly sales are estimated to shrink -1.44% in year-over-year returns.
Conagra Brands Inc (CAG) Top Institutional Holders
1222.0 institutions hold shares in Conagra Brands Inc (CAG), with institutional investors hold 90.55% of the company’s shares. The shares outstanding are 477.32M, and float is at 474.69M with Short Float at 2.74%. Institutions hold 90.05% 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).
