Conagra Brands Inc. [CAG] Revenue clocked in at $11.73 billion, down -0.83% YTD: What’s Next?

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Conagra Brands Inc. [NYSE: CAG] price surged by 0.36 percent to reach at $0.13. The company report on June 29, 2021 that Conagra Brands Launches Extensive Summer Line-up of New Product Innovation.

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From hearty to health-conscious, new meals and sides offer something for everyone.

Conagra Brands, Inc. (NYSE: CAG), one of North America’s leading branded food companies, is kicking off summer with some exciting additions to the company’s portfolio. From meals and sides bursting with flavor and quality, to delicious new plant-based offerings, Conagra’s latest foods deliver great taste, convenience, and value, perfect for any occasion.

A sum of 3241730 shares traded at recent session while its average daily volume was at 3.13M shares. Conagra Brands Inc. shares reached a high of $36.115 and dropped to a low of $35.79 until finishing in the latest session at $35.96.

The one-year CAG stock forecast points to a potential upside of 8.22. The average equity rating for CAG stock is currently 2.40, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $39.18 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 0.51, with the Price to Sales ratio for CAG stock in the period of the last 12 months amounting to 1.46. The Price to Book ratio for the last quarter was 2.12, 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 16.18 with Quick ratio for the last quarter at 0.30.

CAG Stock Performance Analysis:

Conagra Brands Inc. [CAG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.64. With this latest performance, CAG shares dropped by -5.62% in over the last four-week period, additionally sinking by -1.80% over the last 6 months – not to mention a rise of 6.71% 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 38.18, with the RSI for the last a single of trading hit 38.64, and the three-weeks RSI is set at 40.33 for Conagra Brands Inc. [CAG]. The present Moving Average for the last 50 days of trading for this stock 37.46, while it was recorded at 35.63 for the last single week of trading, and 36.27 for the last 200 days.

Insight into Conagra Brands Inc. 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.

CAG Stock EPS

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 6.42%.

Conagra Brands Inc. [CAG] Insider Position Details

There are presently around $14,525 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 $1.99 billion in CAG stocks shares; and BLACKROCK INC., currently with $1.29 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 351 institutional holders increased their position in Conagra Brands Inc. [NYSE:CAG] by around 23,695,555 shares. Additionally, 323 investors decreased positions by around 24,133,811 shares, while 157 investors held positions by with 357,563,562 shares. The mentioned changes placed institutional holdings at 405,392,928 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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