Conagra Brands, Inc. (NYSE:CAG – Get Rating) EVP Colleen Batcheler sold 72,480 shares of the business’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $36.02, for a total value of $2,610,729.60. Following the completion of the sale, the executive vice president now owns 159,944 shares in the company, valued at $5,761,182.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of CAG stock opened at $36.12 on Friday. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 2.17 and a beta of 0.77. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.33 and a current ratio of 0.83. The company has a 50-day simple moving average of $33.95 and a 200 day simple moving average of $33.59. Conagra Brands, Inc. has a 52 week low of $30.06 and a 52 week high of $39.09.
Conagra Brands (NYSE:CAG – Get Rating) last announced its earnings results on Thursday, April 7th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.84 billion. Conagra Brands had a net margin of 9.14% and a return on equity of 12.46%. Conagra Brands’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. Sell-side analysts forecast that Conagra Brands, Inc. will post 2.35 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP boosted its position in shares of Conagra Brands by 96.2% in the first quarter. Allworth Financial LP now owns 2,188 shares of the company’s stock valued at $74,000 after acquiring an additional 1,073 shares during the period. Truist Financial Corp boosted its position in shares of Conagra Brands by 16.5% in the first quarter. Truist Financial Corp now owns 604,977 shares of the company’s stock valued at $20,309,000 after acquiring an additional 85,613 shares during the period. Strs Ohio boosted its position in shares of Conagra Brands by 6,102.3% in the first quarter. Strs Ohio now owns 338,457 shares of the company’s stock valued at $11,362,000 after acquiring an additional 333,000 shares during the period. Empirical Finance LLC boosted its position in shares of Conagra Brands by 4.7% in the first quarter. Empirical Finance LLC now owns 22,190 shares of the company’s stock valued at $745,000 after acquiring an additional 998 shares during the period. Finally, Inspire Investing LLC bought a new position in shares of Conagra Brands during the first quarter worth approximately $364,000. Institutional investors own 83.79% of the company’s stock.
CAG has been the subject of several research reports. StockNews.com initiated coverage on shares of Conagra Brands in a research note on Thursday, March 31st. They set a “hold” rating for the company. Consumer Edge cut shares of Conagra Brands from an “overweight” rating to an “equal weight” rating and set a $34.00 price target on the stock. in a research report on Tuesday, March 8th. Zacks Investment Research raised shares of Conagra Brands from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a research report on Wednesday, March 30th. Morgan Stanley boosted their price target on shares of Conagra Brands from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, January 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Conagra Brands from $36.00 to $35.00 in a research note on Friday, January 7th. Twelve analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.00.
Conagra Brands Company Profile (Get Rating)
Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.
- Get a free copy of the StockNews.com research report on Conagra Brands (CAG)
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