Conagra Brands Inc (NYSE: CAG) is -19.60% lower on its value in year-to-date trading and has touched a low of $22.38 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 $22.48 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $22.31, the stock is -4.46% and -10.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.76 million and changing -0.76% at the moment leaves the stock -18.85% off its SMA200. CAG registered -27.35% loss for a year compared to 6-month loss of -16.16%. The firm has a 50-day simple moving average (SMA 50) of $24.8452 and a 200-day simple moving average (SMA200) of $27.49245.
The stock witnessed a -11.54% gain in the last 1 month and extending the period to 3 months gives it a -13.49%, and is -2.02% 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 1.38% over the week and 1.35% over the month.
Conagra Brands Inc (CAG) has around 18500 employees, a market worth around $10.65B and $11.74B in sales. Current P/E ratio is 32.65 and Fwd P/E is 9.32. Profit margin for the company is 2.80%. Distance from 52-week low is -0.31% and -32.88% from its 52-week high. The company has generated returns on investments over the last 12 months (2.19%).
with sales reaching $2.88B over the same period.The EPS is expected to shrink by -12.55% this year, but quarterly earnings will post -2.81% year-over-year. Quarterly sales are estimated to shrink -0.85% in year-over-year returns.
1173.0 institutions hold shares in Conagra Brands Inc (CAG), with institutional investors hold 89.81% of the company’s shares. The shares outstanding are 477.36M, and float is at 474.75M with Short Float at 3.19%. Institutions hold 89.31% 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 11.9829 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 9.8684 of the shares outstanding. The other top investors are STATE STREET CORP which holds 22.79 million shares representing 4.7623 and valued at over $647.76 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 3.5366 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.
