Conagra Brands Inc. [CAG] is -2.25% lower this YTD. Is it still time to buy?



Conagra Brands Inc. [NYSE: CAG] traded at a low on 07/27/22, posting a -1.30 loss after which it closed the day’ session at $33.38. The company report on July 25, 2022 that CONAGRA BRANDS ANNOUNCES APPOINTMENT OF DENISE PAULONIS TO ITS BOARD OF DIRECTORS.

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Conagra Brands, Inc. (NYSE: CAG), one of North America’s leading branded food companies, today announced the appointment of Denise A. Paulonis to its board of directors, effective August 1, 2022. With this addition, the Conagra Brands board will increase to 13 members.

“We are pleased to welcome Denise to the Conagra Brands board,” said Richard H. Lenny, chair, Conagra Brands. “Conagra and our shareholders will benefit from Denise’s extensive leadership experience driving growth, supply chain innovation, e-commerce capabilities, and product innovation within the consumer products market.”.

The results of the trading session contributed to over 8401587 shares changing hands. Over the past one week, the price volatility of Conagra Brands Inc. stands at 2.03% while the volatility over the past one month is 2.04%.

The market cap for CAG stock reached $15.80 billion, with 480.30 million shares outstanding and 477.94 million shares in the current float. Compared to the average trading volume of 4.24M shares, CAG reached a trading volume of 8401587 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 $35.87 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 0.80, 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 1.82, with the Price to Cash per share for the same quarter was set at 0.18. Price to Free Cash Flow for CAG in the course of the last twelve months was 120.55 with Quick ratio for the last quarter at 0.30.

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 0.75. With this latest performance, CAG shares dropped by -1.97% in over the last four-week period, additionally sinking by -4.74% over the last 6 months – not to mention a drop of -2.45% 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 45.77, with the RSI for the last a single of trading hit 42.61, and the three-weeks RSI is set at 47.29 for Conagra Brands Inc. [CAG]. The present Moving Average for the last 50 days of trading for this stock 33.33, while it was recorded at 33.58 for the last single week of trading, and 33.66 for the last 200 days.

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

Operating Margin for any stock indicates how profitable investing would be, and Conagra Brands Inc. [CAG] shares currently have an operating margin of +11.98 and a Gross Margin at +24.84. Conagra Brands Inc.’s Net Margin is presently recorded at +7.70.

Return on Equity for this stock inclined to 10.20, with Return on Assets sitting at 3.98.

Conagra Brands Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 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 3.46%.

Insider trade positions for Conagra Brands Inc. [CAG]

There are presently around $13,595 million, or 84.20% of CAG stock, in the hands of institutional investors. The top three institutional holders of CAG stocks are: VANGUARD GROUP INC with ownership of 54,738,710, which is approximately 1.458% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 43,420,694 shares of the stock with an approximate value of $1.45 billion in CAG stocks shares; and CAPITAL WORLD INVESTORS, currently with $1.18 billion in CAG stock with ownership of nearly -26.952% of the company’s market capitalization.

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 372 institutional holders increased their position in Conagra Brands Inc. [NYSE:CAG] by around 37,580,037 shares. Additionally, 328 investors decreased positions by around 33,137,305 shares, while 133 investors held positions by with 336,568,292 shares. The mentioned changes placed institutional holdings at 407,285,634 shares, according to the latest SEC report filing. CAG stock had 71 new institutional investments in for a total of 2,876,558 shares, while 85 institutional investors sold positions of 3,579,286 shares during the same period.