For Conagra Brands Inc. [CAG], Analyst sees a drop to $34. What next?

Conagra Brands Inc. [NYSE: CAG] plunged by -$0.03 during the normal trading session on Friday and reaching a high of $37.74 during the day while it closed the day at $37.55. The company report on April 17, 2021 that Conagra Brands Announces Quarterly Dividend Payment.

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Conagra Brands, Inc. (NYSE: CAG) announced that its board of directors approved a quarterly dividend payment of $0.275 per share of CAG common stock to be paid on June 2, 2021 to stockholders of record as of the close of business on April 30, 2021.

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About Conagra BrandsConagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America’s leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company’s portfolio is evolving to satisfy people’s changing food preferences. Conagra’s iconic brands, such as Birds Eye®, Marie Callender’s®, Banquet®, Healthy Choice®, Slim Jim®, Reddi-wip®, and Vlasic®, as well as emerging brands, including Angie’s® BOOMCHICKAPOP®, Duke’s®, Earth Balance®, Gardein®, and Frontera®, offer choices for every occasion. For more information, visit www.conagrabrands.com.

Conagra Brands Inc. stock has also gained 3.76% of its value over the past 7 days. However, CAG stock has inclined by 10.28% in the 3 months of the year. Over the past six months meanwhile, it has lost -0.37% and gained 3.56% year-on date.

The market cap for CAG stock reached $18.04 billion, with 485.70 million shares outstanding and 475.15 million shares in the current float. Compared to the average trading volume of 3.76M shares, CAG reached a trading volume of 2843566 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $38.53 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 0.77, with the Price to Sales ratio for CAG stock in the period of the last 12 months amounting to 1.54. 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 0.17. Price to Free Cash Flow for CAG in the course of the last twelve months was 17.02 with Quick ratio for the last quarter at 0.30.

CAG stock trade performance evaluation

Conagra Brands Inc. [CAG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.76. With this latest performance, CAG shares gained by 1.35% in over the last four-week period, additionally sinking by -0.37% over the last 6 months – not to mention a rise of 12.19% 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 53.99, with the RSI for the last a single of trading hit 53.33, and the three-weeks RSI is set at 54.47 for Conagra Brands Inc. [CAG]. The present Moving Average for the last 50 days of trading for this stock 36.21, while it was recorded at 37.43 for the last single week of trading, and 36.16 for the last 200 days.

Conagra Brands Inc. [CAG]: An insightful look at the core 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 0.30 and a Current Ratio set at 0.80.

Earnings per share (EPS) analysis for Conagra Brands Inc. [CAG] stock

With the latest financial reports released by the company, Conagra Brands Inc. posted 0.75/share EPS, while the average EPS was predicted by analysts to be reported at 0.66/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 13.60%. 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 6.33%.

Conagra Brands Inc. [CAG]: Insider Ownership positions

There are presently around $15,244 million, or 86.70% 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 $2.08 billion in CAG stocks shares; and BLACKROCK INC., currently with $1.26 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 362 institutional holders increased their position in Conagra Brands Inc. [NYSE:CAG] by around 26,284,986 shares. Additionally, 300 investors decreased positions by around 26,421,540 shares, while 146 investors held positions by with 353,264,027 shares. The mentioned changes placed institutional holdings at 405,970,553 shares, according to the latest SEC report filing. CAG stock had 105 new institutional investments in for a total of 4,903,803 shares, while 64 institutional investors sold positions of 3,012,644 shares during the same period.

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