In yesterday’s Wall Street session, Conagra Brands Inc (NYSE:CAG) shares traded at $28.49, down -2.00% from the previous session.
CAG stock price is now -5.41% away from the 50-day moving average and -1.28% away from the 200-day moving average. The market capitalization of the company currently stands at $13.62B.
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With the price target of $30, Citigroup recently initiated with Neutral rating for Conagra Brands Inc (NYSE: CAG). On December 12, 2023, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $31, while ‘Evercore ISI’ rates the stock as ‘In-line’
In other news, Brock Charisse, EVP, Chief HR Officer sold 15,444 shares of the company’s stock on May 23 ’24. The stock was sold for $469,034 at an average price of $30.37. Upon completion of the transaction, the EVP, Chief HR Officer now directly owns 113,254 shares in the company, valued at $3.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 09 ’23, Director LENNY RICHARD H bought 9,238 shares of the business’s stock. A total of $252,290 was incurred on buying the stock at an average price of $27.31. This leaves the insider owning 165,205 shares of the company worth $4.71 million. A total of 0.50% of the company’s stock is owned by insiders.
During the past 12 months, Conagra Brands Inc has had a low of $25.16 and a high of $34.50. As of last week, the company has a debt-to-equity ratio of 0.95, a current ratio of 0.95, and a quick ratio of 0.33. According to the stock market information, the enterprise value for the company is $22289408000, which is based on a 14.36 price-to-earnings ratio, a 19.67 price-to-earnings-growth ratio, and a beta of 0.32. The fifty day moving average price for CAG is $30.0928 and a two-hundred day moving average price translates $28.856 for the stock.
The latest earnings results from Conagra Brands Inc (NYSE: CAG) was released for 2024-02-25. The net profit margin was 7.86% and return on equity was 10.57% for CAG. The company reported revenue of $3.03 billion for the quarter, compared to $3.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.74 percent.
