As of Wednesday close, Conagra Brands Inc.’s (NYSE:CAG) stock was down -$0.17, moving down -0.56 percent to $30.11. The average number of shares traded per day over the past five days has been 3,402,060 shares. 4 times new highs have been achieved over the past 5 days, with a $0.50 gain in that time frame. In the last twenty days, the average volume was 3,430,030, while in the previous 50 days, it was 3,942,510.
Since last month, CAG stock retreated -7.55%. Shares of the company fell to $29.48 on 08/21/23, the lowest level in the past month. A 52-week high of $41.30 was reached on 01/09/23 after having rallying from a 52-week low of $29.48. Since the beginning of this year, CAG’s stock price has dropped by -22.20% or -$8.59, and marked a new high 5 times. However, the stock has declined by -27.09% since its 52-week high.
CAG stock investors should be aware that Conagra Brands Inc. (CAG) stock had its last reported insider trading activity 29 days ago on Aug 02. McGough Thomas M, the EVP & Co-COO of the company, disposed of 75,522 shares for $33.07 on Aug 02. It resulted in a $2,497,513 divestment by the insider. Brock Charisse sold 7,036 shares at an average price of $37.04 on Apr 14. The insider now owns 94,802 shares following the transaction. On Apr 06, EVP & Co-COO McGough Thomas M sold 45,000 shares at $38.66 apiece. The transaction was valued at $1,739,610.
Valuation Metrics
Right now, Conagra Brands Inc. (CAG) has a P/E ratio of about 21.14. The stock’s beta is 0.54. Besides these, the trailing price-to-sales (P/S) ratio of 1.16, the price-to-book (PB) ratio of 1.65, and the price-to-cash flow ratio of 22.45 may also be considered.
The latest dividend of $0.35 per share was paid out, which is 6.06% more than last year’s $0.33. On Thursday July 13 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended May 30, Conagra Brands Inc.’s quick ratio stood at 0.30, 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 May 30 was 0.81, and the total debt-to-equity ratio was 1.06. On the profitability front, the trailing twelve-month gross margin is 26.80% percent. In the year ended May 30, EBITDA margin amounted to 18.27%, whereas operating margins totaled 9.00%. Based on annual data, CAG earned $3.26 billion in gross profit and brought in $12.28 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 4.90%. Return on equity (ROE) for the past 12 months was 7.90%.
In Conagra Brands Inc.’s quarter-end financial report for May 30, it reported total debt of $7.08 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CAG’s revenue fell -20.58% to $3.24 billion during the quarter, while net income inched up to $2.52 billion. While analysts expected Conagra Brands Inc. to report $0.59 quarterly earnings, the actual figure was $0.62 per share, beating the consensus estimate by 5.10%. During the quarter, the company generated $155.9 million in EBITDA. The liabilities of Conagra Brands Inc. were 13.25 billion at the end of its most recent quarter ended May 30, and its total debt was $9.47 billion. The value of shareholders’ equity is $477.06 million.
Technical Picture
This quick technical analysis looks at Conagra Brands Inc.’s (CAG) price momentum. With a historical volatility rate of 12.27%, the RSI 9-day stood at 38.25% on 30 August.
With respect to its five-day moving average, the current Conagra Brands Inc. price is up by +1.69% percent or $0.50. At present, CAG shares trade -8.31% below its 20-day simple moving average and -21.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.06% below its SMA50 and -14.44% below its SMA200.
Stochastic coefficient K was 37.92% and Stochastic coefficient D was 31.43%, while ATR was 0.46. Given the Stochastic reading of 32.47% for the 14-day period, the RSI (14) reading has been calculated as 34.83%. As of today, the MACD Oscillator reading stands at 0.26, while the 14-day reading stands at 0.08.
Analyst Ratings
Conagra Brands Inc. downgraded its rating on Conagra Brands Inc. (NYSE: CAG) to an Equal-weight in a note to investors on July 17, 2023. The analysts firm previously had an Overweight rating on the stock.Conagra Brands Inc. (CAG) has been rated Hold by analysts. According to 0 brokerage firms, CAG is a sell, and 12 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 2 recommending it as overweight.
With a median target price of $37.00, the current consensus forecast for the stock is $35.00 – $39.00. Based on these forecasts, analysts predict Conagra Brands Inc. (CAG) will achieve an average price target of $36.93.
