Conagra Brands Inc. [CAG] Is Currently -1.29 below its 200 Period Moving Avg: What Dose This Mean?

Conagra Brands Inc. [NYSE: CAG] loss -1.29% or -0.46 points to close at $35.27 with a heavy trading volume of 1735370 shares. The company report on June 16, 2021 that Conagra Brands Recognized As One Of The 50 Most Community-Minded Companies In The United States For The Third Consecutive Year.

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Conagra Brands (NYSE: CAG) announced that for the third consecutive year, it has been named an honoree of The Civic 50, which recognizes the 50 most community-minded companies in the nation. An initiative by Points of Light, the world’s largest organization dedicated to volunteer service, The Civic 50 provides a national standard for superior corporate citizenship and showcases how companies can use their time, skills, and resources to impact their communities.

In fiscal year 2020, Conagra Brands provided more than $45 million in cash and in-kind corporate and Foundation donations and awarded 680 grants. Conagra employees donated more than $700,000 to organizations addressing issues such as arts and culture, civil rights, social justice and equality, community development, environment, health and wellness or nutrition education, hunger relief, and post-secondary education. In addition, Conagra employees volunteered more than 2,700 hours of their time, talent, and effort to improve and strengthen their communities.

It opened the trading session at $35.73, the shares rose to $35.735 and dropped to $35.27, the range by which the price of stock traded the whole day. The daily chart for CAG points out that the company has recorded -1.95% loss over the past six months. However, it is still -8.36% lower than its most recent low trading price.

If we look at the average trading volume of 3.17M shares, CAG reached to a volume of 1735370 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $39.12 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.

Citigroup have made an estimate for Conagra Brands Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 21, 2021. While these analysts kept the previous recommendation, Credit Suisse dropped their target price from $38 to $34. The new note on the price target was released on January 05, 2021, representing the official price target for Conagra Brands Inc. stock. Previously, the target price had yet another raise to $41, while Jefferies analysts kept a Buy rating on CAG stock.

The Average True Range (ATR) for Conagra Brands Inc. is set at 0.55, with the Price to Sales ratio for CAG stock in the period of the last 12 months amounting to 1.47. The Price to Book ratio for the last quarter was 2.08, with the Price to Cash per share for the same quarter was set at 0.16. Price to Free Cash Flow for CAG in the course of the last twelve months was 16.28 with Quick ratio for the last quarter at 0.30.

Trading performance analysis for CAG stock

Conagra Brands Inc. [CAG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.75. With this latest performance, CAG shares dropped by -7.74% in over the last four-week period, additionally sinking by -1.95% over the last 6 months – not to mention a rise of 3.07% 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 26.28, with the RSI for the last a single of trading hit 18.91, and the three-weeks RSI is set at 32.71 for Conagra Brands Inc. [CAG]. The present Moving Average for the last 50 days of trading for this stock 37.61, while it was recorded at 35.78 for the last single week of trading, and 36.25 for the last 200 days.

Conagra Brands Inc. [CAG]: A deeper dive into fundamental analysis

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.

Conagra Brands Inc. [CAG]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Conagra Brands Inc. [CAG]

There are presently around $14,298 million, or 86.80% of CAG stock, in the hands of institutional investors. The top three institutional holders of CAG stocks are: CAPITAL WORLD INVESTORS with ownership of 57,230,268, which is approximately -4.421% of the company’s market cap and around 1.80% of the total institutional ownership; VANGUARD GROUP INC, holding 55,400,719 shares of the stock with an approximate value of $1.95 billion in CAG stocks shares; and BLACKROCK INC., currently with $1.27 billion in CAG stock with ownership of nearly 6.862% 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 July and at the time of the July reporting period, where 352 institutional holders increased their position in Conagra Brands Inc. [NYSE:CAG] by around 23,698,235 shares. Additionally, 322 investors decreased positions by around 24,129,387 shares, while 157 investors held positions by with 357,569,730 shares. The mentioned changes placed institutional holdings at 405,397,352 shares, according to the latest SEC report filing. CAG stock had 88 new institutional investments in for a total of 2,766,342 shares, while 77 institutional investors sold positions of 2,544,552 shares during the same period.

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