Conagra Brands Inc. [NYSE: CAG] stock went on an upward path that rose over 0.51% on Tuesday, amounting to a one-week price decrease of less than -1.44%. The company report on November 22, 2021 that Conagra Brands Employees Raise More Than $520,000 During Annual “United For Change” Campaign.
Funds support United Way, the American Civil Liberties Union Foundation (ACLU), and Human Rights Watch.
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Conagra Brands announced the results of its annual “United For Change” employee giving campaign, raising more than $520,000 to benefit United Way, the American Civil Liberties Union Foundation (ACLU), and Human Rights Watch. The campaign is designed to increase employees’ understanding of the root causes of poverty while also prioritizing issues of racial and social justice. A portion of employee contributions made throughout “United For Change” will also be matched by the Conagra Brands Foundation.
Over the last 12 months, CAG stock dropped by -11.68%. The one-year Conagra Brands Inc. stock forecast points to a potential upside of 14.23. The average equity rating for CAG stock is currently 2.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $15.32 billion, with 480.40 million shares outstanding and 477.58 million shares in the current float. Compared to the average trading volume of 3.36M shares, CAG stock reached a trading volume of 3975507 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $36.76 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 2.70. 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.
JP Morgan have made an estimate for Conagra Brands Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 08, 2021. The new note on the price target was released on September 29, 2021, representing the official price target for Conagra Brands Inc. stock. Previously, the target price had yet another drop from $39 to $35, while Stifel kept a Hold rating on CAG stock. On July 14, 2021, analysts decreased their price target for CAG shares from 44 to 36.
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 1.37. The Price to Book ratio for the last quarter was 1.77, 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 50.33 with Quick ratio for the last quarter at 0.30.
CAG Stock Performance Analysis:
Conagra Brands Inc. [CAG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.44. With this latest performance, CAG shares dropped by -4.13% in over the last four-week period, additionally sinking by -16.83% over the last 6 months – not to mention a drop of -11.68% 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 40.24, with the RSI for the last a single of trading hit 40.83, and the three-weeks RSI is set at 40.88 for Conagra Brands Inc. [CAG]. The present Moving Average for the last 50 days of trading for this stock 33.00, while it was recorded at 31.31 for the last single week of trading, and 35.16 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 +19.32 and a Gross Margin at +30.41. Conagra Brands Inc.’s Net Margin is presently recorded at +11.61.
Return on Total Capital for CAG is now 12.07, given the latest momentum, and Return on Invested Capital for the company is 7.64. Return on Equity for this stock inclined to 15.81, with Return on Assets sitting at 5.84. When it comes to the capital structure of this company, Conagra Brands Inc. [CAG] has a Total Debt to Total Equity ratio set at 107.94. Additionally, CAG Total Debt to Total Capital is recorded at 51.91, with Total Debt to Total Assets ending up at 41.59. Long-Term Debt to Equity for the company is recorded at 98.97, with the Long-Term Debt to Total Capital now at 47.59.
Reflecting on the efficiency of the workforce at the company, Conagra Brands Inc. [CAG] managed to generate an average of $69,828 per employee. Receivables Turnover for the company is 13.52 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 1.00.
CAG Stock EPS
With the latest financial reports released by the company, Conagra Brands Inc. posted 0.7/share EPS, while the average EPS was predicted by analysts to be reported at 0.57/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 22.80%. 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 2.25%.
Conagra Brands Inc. [CAG] Insider Position Details
There are presently around $12,958 million, or 87.40% of CAG stock, in the hands of institutional investors. The top three institutional holders of CAG stocks are: CAPITAL WORLD INVESTORS with ownership of 58,818,227, which is approximately 0.738% of the company’s market cap and around 2.10% of the total institutional ownership; VANGUARD GROUP INC, holding 54,888,584 shares of the stock with an approximate value of $1.73 billion in CAG stocks shares; and BLACKROCK INC., currently with $1.22 billion in CAG stock with ownership of nearly 3.503% of the company’s market capitalization.
Positions in Conagra Brands Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 311 institutional holders increased their position in Conagra Brands Inc. [NYSE:CAG] by around 20,491,361 shares. Additionally, 342 investors decreased positions by around 19,768,412 shares, while 143 investors held positions by with 370,726,077 shares. The mentioned changes placed institutional holdings at 410,985,850 shares, according to the latest SEC report filing. CAG stock had 59 new institutional investments in for a total of 2,579,087 shares, while 81 institutional investors sold positions of 3,397,497 shares during the same period.