Monitor The Insider Activity Of Conagra Brands Inc. (CAG)


At the last check on Friday, Conagra Brands Inc.’s (NYSE:CAG) stock was up $0.25, moving up 0.68 percent to $37.12. The average number of shares traded per day over the past five days has been 2,750,489 shares. 5 times new highs have been achieved over the past 5 days, with a $2.18 gain in that time frame. In the last twenty days, the average volume was 3,543,672, while in the previous 50 days, it was 3,693,669.

Since last month, CAG stock rose 5.22%. Shares of the company fell to $33.21 on 11/11/22, the lowest level in the past month. A 52-week high of $36.97 was reached on 11/25/22 after having rallying from a 52-week low of $30.06. Since the beginning of this year, CAG’s stock price has risen by 7.96% or $2.97, and marked a new high 16 times. However, the stock has increased by 0.41% since its 52-week high.

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CAG stock investors should be aware that Conagra Brands Inc. (CAG) stock had its last reported insider trading activity 38 days ago on Oct 18. Bartell Carey, the EVP, GC and Corp. Secretary of the company, disposed of 6,408 shares for $34.50 on Oct 18. It resulted in a $221,076 divestment by the insider. McGough Thomas M sold 21,405 shares at an average price of $35.40 on Aug 17. The insider now owns 104,859 shares following the transaction. On Jul 25, Director CHIRICO EMANUEL bought 30,000 shares at $34.06 apiece. The transaction was valued at $1,021,800.

Valuation Metrics

Right now, Conagra Brands Inc. (CAG) has a P/E ratio of about 30.91. The stock’s beta is 0.58. Besides these, the trailing price-to-sales (P/S) ratio of 1.46, the price-to-book (PB) ratio of 2.08, and the price-to-cash flow ratio of 64.42 may also be considered.

The latest dividend of $0.33 per share was paid out, remained unchanged from last year’s $0.33. On Friday July 22 2022, a $0.0175 dividend increase was announced.

Financial Health

In the three months ended August 30, Conagra Brands Inc.’s quick ratio stood at 0.20, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending August 30 was 0.89, and the total debt-to-equity ratio was 1.06. On the profitability front, the trailing twelve-month gross margin is 24.60% percent. In the year ended August 30, operating margins totaled 8.70%. Based on annual data, CAG earned $2.84 billion in gross profit and brought in $11.54 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.30%. Return on equity (ROE) for the past 12 months was 6.60%.

In Conagra Brands Inc.’s quarter-end financial report for August 30, it reported total debt of $7.58 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Conagra Brands Inc. to report $0.52 quarterly earnings, the actual figure was $0.57 per share, beating the consensus estimate by 9.60%. During the quarter, the company generated $77.8 million in EBITDA. The liabilities of Conagra Brands Inc. were 13.64 billion at the end of its most recent quarter ended August 30, and its total debt was $9.04 billion. The value of shareholders’ equity is $479.25 million.

Technical Picture

This quick technical analysis looks at Conagra Brands Inc.’s (CAG) price momentum. With a historical volatility rate of 18.40%, the RSI 9-day stood at 71.68% on 23 November.

With respect to its five-day moving average, the current Conagra Brands Inc. price is up by +6.24% percent or $2.18. At present, CAG shares trade +3.74% above its 20-day simple moving average and +6.69% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.41% above its SMA50 and +5.48% above its SMA200.

Stochastic coefficient K was 98.93% and Stochastic coefficient D was 96.27%, while ATR was 0.75. Given the Stochastic reading of 98.96% for the 14-day period, the RSI (14) reading has been calculated as 66.11%. As of today, the MACD Oscillator reading stands at 1.16, while the 14-day reading stands at 1.26.

Analyst Ratings

UBS upgraded its rating on Conagra Brands Inc. (NYSE: CAG) to a Buy in a note to investors on November 18, 2022. The analysts firm previously had a Neutral rating on the stock.Conagra Brands Inc. (CAG) has been rated Overweight by analysts. According to 0 brokerage firms, CAG is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Conagra Brands Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $37.00, the current consensus forecast for the stock is $33.00 – $42.00. Based on these forecasts, analysts predict Conagra Brands Inc. (CAG) will achieve an average price target of $37.25.


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