Stocks of Conagra Brands Inc (NYSE:CAG) traded higher last session on Wall Street, down -1.71% to $29.92.
CAG stock price is now 7.28% away from the 50-day moving average and -7.37% away from the 200-day moving average. The market capitalization of the company currently stands at $14.30B.
With the price target of $31, Wells Fargo recently initiated with Equal Weight rating for Conagra Brands Inc (NYSE: CAG).
In other news, LENNY RICHARD H, Director bought 9,238 shares of the company’s stock on Oct 09. The stock was bought for $252,290 at an average price of $27.31. Upon completion of the transaction, the Director now directly owns 165,205 shares in the company, valued at $4.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02, EVP & Co-COO McGough Thomas M sold 75,522 shares of the business’s stock. A total of $2,497,513 was realized by selling the stock at an average price of $33.07. This leaves the insider owning 157,125 shares of the company worth $4.7 million. Insiders disposed of 430,379 shares of company stock worth roughly $12.88 million over the past 1 year. A total of 0.48% 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 $41.30. As of last week, the company has a debt-to-equity ratio of 1.04, a current ratio of 0.91, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $23.48B, which is based on a 13.29 price-to-earnings ratio, a 1.73 price-to-earnings-growth ratio, and a beta of 0.43. The fifty day moving average price for CAG is $27.89 and a two-hundred day moving average price translates $32.30 for the stock.
The latest earnings results from Conagra Brands Inc (NYSE: CAG) was released for Aug, 2023. According to the Packaged Foods Company, earnings per share came in at $0.66, beating analysts’ expectations of $0.6 by 0.06. This compares to -$0.16 EPS in the same period last year. The net profit margin was 8.80% and return on equity was 12.43% for CAG. The company reported revenue of $2.9 billion for the quarter, compared to $2.9 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.01 percent. For the current quarter, analysts expect CAG to generate $3.24B in revenue.
