Conagra Brands Inc. [CAG] Is Currently 1.97 below its 200 Period Moving Avg: What Dose This Mean?

Conagra Brands Inc. [NYSE: CAG] traded at a high on 03/19/21, posting a 1.97 gain after which it closed the day’ session at $37.85. The company report on March 17, 2021 that Conagra Brands Announces Details Of Fiscal 2021 Third Quarter Earnings Release, Webcast And Conference Call.

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Conagra Brands, Inc. (NYSE: CAG) will host a webcast and conference call to review its fiscal 2021 third quarter results on Thursday, April 8, 2021, at 9:30 a.m. ET. The company’s news release will be issued at approximately 7:30 a.m. ET.

The live audio webcast and presentation slides will be available on conagrabrands.com/investor-relations under Events & Presentations. The conference call may be accessed by dialing 1-877-883-0383 for participants in the U.S. and 1-412-902-6506 for all other participants and using passcode 3971008. Please dial in 10 to 15 minutes prior to the call start time. Following the company’s remarks, the conference call will include a question-and-answer session with the investment community.

The results of the trading session contributed to over 7731185 shares changing hands. Over the past one week, the price volatility of Conagra Brands Inc. stands at 1.46% while the volatility over the past one month is 2.21%.

The market cap for CAG stock reached $18.14 billion, with 489.10 million shares outstanding and 486.71 million shares in the current float. Compared to the average trading volume of 3.81M shares, CAG reached a trading volume of 7731185 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Conagra Brands Inc. [CAG]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CAG shares is $37.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CAG stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Conagra Brands Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 05, 2021. The new note on the price target was released on June 22, 2020, representing the official price target for Conagra Brands Inc. stock.

The Average True Range (ATR) for Conagra Brands Inc. is set at 0.76, with the Price to Sales ratio for CAG stock in the period of the last 12 months amounting to 1.57. The Price to Book ratio for the last quarter was 2.21, with the Price to Cash per share for the same quarter was set at 0.14. Price to Free Cash Flow for CAG in the course of the last twelve months was 16.88 with Quick ratio for the last quarter at 0.40.

How has CAG stock performed recently?

Conagra Brands Inc. [CAG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.08. With this latest performance, CAG shares gained by 9.08% in over the last four-week period, additionally plugging by 8.76% over the last 6 months – not to mention a rise of 43.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CAG stock in for the last two-week period is set at 68.01, with the RSI for the last a single of trading hit 72.93, and the three-weeks RSI is set at 64.08 for Conagra Brands Inc. [CAG]. The present Moving Average for the last 50 days of trading for this stock 34.92, while it was recorded at 37.33 for the last single week of trading, and 35.79 for the last 200 days.

Conagra Brands Inc. [CAG]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Conagra Brands Inc. [CAG] shares currently have an operating margin of +18.65 and a Gross Margin at +29.72. Conagra Brands Inc.’s Net Margin is presently recorded at +7.60.

Return on Total Capital for CAG is now 11.42, given the latest momentum, and Return on Invested Capital for the company is 4.80. Return on Equity for this stock inclined to 11.01, with Return on Assets sitting at 3.77. When it comes to the capital structure of this company, Conagra Brands Inc. [CAG] has a Total Debt to Total Equity ratio set at 126.94. Additionally, CAG Total Debt to Total Capital is recorded at 55.94, with Total Debt to Total Assets ending up at 44.83. Long-Term Debt to Equity for the company is recorded at 115.63, with the Long-Term Debt to Total Capital now at 50.95.

Reflecting on the efficiency of the workforce at the company, Conagra Brands Inc. [CAG] managed to generate an average of $50,915 per employee. Receivables Turnover for the company is 13.06 with a Total Asset Turnover recorded at a value of 0.50.Conagra Brands Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.80.

Earnings analysis for Conagra Brands Inc. [CAG]

With the latest financial reports released by the company, Conagra Brands Inc. posted 0.47/share EPS, while the average EPS was predicted by analysts to be reported at 0.49/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CAG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Conagra Brands Inc. go to 6.28%.

Insider trade positions for Conagra Brands Inc. [CAG]

There are presently around $15,373 million, or 85.10% of CAG stock, in the hands of institutional investors. The top three institutional holders of CAG stocks are: CAPITAL WORLD INVESTORS with ownership of 59,877,551, which is approximately 4.783% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 55,338,299 shares of the stock with an approximate value of $2.09 billion in CAG stocks shares; and BLACKROCK INC., currently with $1.27 billion in CAG stock with ownership of nearly -5.878% of the company’s market capitalization.

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Positions in Conagra Brands Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 366 institutional holders increased their position in Conagra Brands Inc. [NYSE:CAG] by around 26,398,776 shares. Additionally, 306 investors decreased positions by around 25,521,890 shares, while 144 investors held positions by with 354,238,419 shares. The mentioned changes placed institutional holdings at 406,159,085 shares, according to the latest SEC report filing. CAG stock had 104 new institutional investments in for a total of 4,202,411 shares, while 67 institutional investors sold positions of 3,077,677 shares during the same period.

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