In Thursday’s Wall Street session, Conagra Brands Inc (NYSE:CAG) shares traded at $22.67, down -0.18% from the previous session.
CAG stock price is now -7.80% away from the 50-day moving average and -17.10% away from the 200-day moving average. The market capitalization of the company currently stands at $10.82B.
With the price target of $27, Morgan Stanley recently initiated with Equal-Weight rating for Conagra Brands Inc (NYSE: CAG). On February 24, 2025, Goldman Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $33 to quote $26, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, McGough Thomas M, EVP & COO sold 40,000 shares of the company’s stock on Aug 13 ’24. The stock was sold for $1,211,600 at an average price of $30.29. Upon completion of the transaction, the EVP & COO now directly owns 161,443 shares in the company, valued at $3.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 13 ’24, Officer McGough Thomas M bought 40,000 shares of the business’s stock. A total of $1,211,583 was incurred on buying the stock at an average price of $30.29. A total of 0.55% of the company’s stock is owned by insiders.
During the past 12 months, Conagra Brands Inc has had a low of $21.98 and a high of $33.24. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 0.69, and a quick ratio of 0.23.
The net profit margin was 2.80% and return on equity was 3.67% for CAG. The company reported revenue of $2.84 billion for the quarter, compared to $3.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.33 percent.
