Conagra Brands Inc. [CAG] fell -2.20% so far this year. What now?


Conagra Brands Inc. [NYSE: CAG] traded at a low on 03/30/22, posting a 0.00 loss after which it closed the day’ session at $33.40. The company report on March 17, 2022 that Conagra Brands Issues Fiscal 2021 Citizenship Report.

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Report highlights progress on key environmental, social and governance (ESG) data.

Conagra Brands, Inc. (NYSE: CAG) today announced the publication of its Fiscal 2021 Citizenship Report, which shares the company’s progress against key ESG initiatives and actions that support each of the 17 United Nations Sustainable Development Goals. The report details Conagra’s efforts to nourish people, the planet and communities, and focuses on four different topic areas: Good Food, Responsible Sourcing, Better Planet and Stronger Communities.

The results of the trading session contributed to over 3276788 shares changing hands. Over the past one week, the price volatility of Conagra Brands Inc. stands at 1.51% while the volatility over the past one month is 2.46%.

The market cap for CAG stock reached $15.72 billion, with 480.20 million shares outstanding and 477.59 million shares in the current float. Compared to the average trading volume of 4.87M shares, CAG reached a trading volume of 3276788 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 $36.67 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.

UBS have made an estimate for Conagra Brands Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 30, 2022. The new note on the price target was released on March 08, 2022, representing the official price target for Conagra Brands Inc. stock. Previously, the target price had yet another raise to $38, while JP Morgan analysts kept a Neutral rating on CAG stock.

The Average True Range (ATR) for Conagra Brands Inc. is set at 0.79, with the Price to Sales ratio for CAG stock in the period of the last 12 months amounting to 1.40. The Price to Book ratio for the last quarter was 1.85, with the Price to Cash per share for the same quarter was set at 0.15. Price to Free Cash Flow for CAG in the course of the last twelve months was 99.78 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 3.92. With this latest performance, CAG shares dropped by -3.16% in over the last four-week period, additionally sinking by -3.64% over the last 6 months – not to mention a drop of -11.17% 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 54.05, with the RSI for the last a single of trading hit 61.57, and the three-weeks RSI is set at 51.08 for Conagra Brands Inc. [CAG]. The present Moving Average for the last 50 days of trading for this stock 34.04, while it was recorded at 32.96 for the last single week of trading, and 33.68 for the last 200 days.

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

Conagra Brands Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.90.

Earnings analysis for Conagra Brands Inc. [CAG]

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 1.66%.

Insider trade positions for Conagra Brands Inc. [CAG]

There are presently around $13,457 million, or 85.40% of CAG stock, in the hands of institutional investors. The top three institutional holders of CAG stocks are: VANGUARD GROUP INC with ownership of 53,951,894, which is approximately -1.707% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 48,259,802 shares of the stock with an approximate value of $1.61 billion in CAG stocks shares; and BLACKROCK INC., currently with $1.15 billion in CAG stock with ownership of nearly -11.241% of the company’s market capitalization.

400 institutional holders increased their position in Conagra Brands Inc. [NYSE:CAG] by around 25,773,529 shares. Additionally, 299 investors decreased positions by around 33,546,247 shares, while 137 investors held positions by with 343,578,930 shares. The mentioned changes placed institutional holdings at 402,898,706 shares, according to the latest SEC report filing. CAG stock had 125 new institutional investments in for a total of 8,903,855 shares, while 63 institutional investors sold positions of 1,784,087 shares during the same period.