Conagra Brands Inc. [NYSE: CAG] price surged by 1.06 percent to reach at $0.35. The company report on September 23, 2022 that Conagra Brands Foundation Awards Grants to 23 Local Nonprofits Through “Nourish Our Community” Program.
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Employee-nominated grants drive community impact during Hunger Action Month.
Conagra Brands Foundation has announced the 2022 recipients of the “Nourish Our Community” grants, awarding one-year grants to 23 nonprofits across 12 states, totaling $350,000. In an effort to support Hunger Action Month – a time when people across the country come together to raise awareness and take action to impact the issue of food insecurity – Conagra’s involvement will help to create positive social impact in the communities where its employees live and work.
A sum of 4101400 shares traded at recent session while its average daily volume was at 3.43M shares. Conagra Brands Inc. shares reached a high of $33.645 and dropped to a low of $32.915 until finishing in the latest session at $33.47.
The one-year CAG stock forecast points to a potential upside of 7.11. The average equity rating for CAG stock is currently 2.70, 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 $36.03 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 0.70, with the Price to Sales ratio for CAG stock in the period of the last 12 months amounting to 1.41. The Price to Book ratio for the last quarter was 1.83, 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 124.17 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 -2.48. With this latest performance, CAG shares dropped by -4.48% in over the last four-week period, additionally plugging by 0.21% over the last 6 months – not to mention a drop of -0.51% 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 42.84, with the RSI for the last a single of trading hit 40.99, and the three-weeks RSI is set at 44.55 for Conagra Brands Inc. [CAG]. The present Moving Average for the last 50 days of trading for this stock 34.33, while it was recorded at 33.94 for the last single week of trading, and 34.13 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 +14.80 and a Gross Margin at +24.48. Conagra Brands Inc.’s Net Margin is presently recorded at +7.70.
Return on Equity for this stock inclined to 10.24, 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.
CAG Stock EPS
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%.
Conagra Brands Inc. [CAG] Insider Position Details
There are presently around $13,614 million, or 86.00% of CAG stock, in the hands of institutional investors. The top three institutional holders of CAG stocks are: VANGUARD GROUP INC with ownership of 55,817,350, which is approximately 1.971% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 45,073,849 shares of the stock with an approximate value of $1.51 billion in CAG stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $934.45 million in CAG stock with ownership of nearly 11.9% of the company’s market capitalization.
382 institutional holders increased their position in Conagra Brands Inc. [NYSE:CAG] by around 33,366,764 shares. Additionally, 312 investors decreased positions by around 34,719,234 shares, while 148 investors held positions by with 338,655,793 shares. The mentioned changes placed institutional holdings at 406,741,791 shares, according to the latest SEC report filing. CAG stock had 96 new institutional investments in for a total of 5,078,194 shares, while 48 institutional investors sold positions of 1,276,374 shares during the same period.