Conagra Brands Inc. [CAG] Is Currently -0.45 below its 200 Period Moving Avg: What Does This Mean?

Conagra Brands Inc. [NYSE: CAG] price plunged by -0.45 percent to reach at -$0.17. The company report on January 17, 2023 that INTERNATIONAL ICON DOLLY PARTON EXPANDS LINEUP OF HER POPULAR DUNCAN HINES’ BAKING MIXES.

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Following the success of its 2022 launch of Dolly Parton’s cake mixes and frostings, Duncan Hines, a brand of Conagra Brands, Inc. (NYSE: CAG), is launching four more baking mixes with beloved GRAMMY® Award-winning artist, noted philanthropist and global superstar Dolly Parton as part of the brand’s multiyear partnership with the star, brokered by Dolly’s global licensing partner IMG. The new products include a cornbread mix, biscuit mix and two brownie mixes inspired by some of Dolly’s favorite family recipes.

A sum of 4444516 shares traded at recent session while its average daily volume was at 3.85M shares. Conagra Brands Inc. shares reached a high of $37.66 and dropped to a low of $37.19 until finishing in the latest session at $37.26.

The one-year CAG stock forecast points to a potential upside of 10.58. 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 $41.67 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.

Morgan Stanley have made an estimate for Conagra Brands Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 20, 2022. While these analysts kept the previous recommendation, Deutsche Bank raised their target price from $33 to $34. The new note on the price target was released on December 06, 2022, representing the official price target for Conagra Brands Inc. stock. Previously, the target price had yet another raise from $35 to $41, while UBS kept a Buy rating on CAG stock.

The Average True Range (ATR) for Conagra Brands Inc. is set at 0.73, with the Price to Sales ratio for CAG stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 2.06, with the Price to Cash per share for the same quarter was set at 0.08. Price to Free Cash Flow for CAG in the course of the last twelve months was 85.50 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 -6.92. With this latest performance, CAG shares dropped by -3.92% in over the last four-week period, additionally plugging by 10.01% over the last 6 months – not to mention a rise of 5.70% 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 35.79, with the RSI for the last a single of trading hit 26.13, and the three-weeks RSI is set at 42.29 for Conagra Brands Inc. [CAG]. The present Moving Average for the last 50 days of trading for this stock 37.97, while it was recorded at 37.88 for the last single week of trading, and 35.22 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 8.30%.

Conagra Brands Inc. [CAG] Insider Position Details

There are presently around $14,723 million, or 84.10% of CAG stock, in the hands of institutional investors. The top three institutional holders of CAG stocks are: VANGUARD GROUP INC with ownership of 56,457,547, which is approximately 1.147% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 44,005,548 shares of the stock with an approximate value of $1.64 billion in CAG stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.02 billion in CAG stock with ownership of nearly -1.963% of the company’s market capitalization.

Positions in Conagra Brands Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 438 institutional holders increased their position in Conagra Brands Inc. [NYSE:CAG] by around 18,316,000 shares. Additionally, 285 investors decreased positions by around 27,170,884 shares, while 152 investors held positions by with 349,654,477 shares. The mentioned changes placed institutional holdings at 395,141,361 shares, according to the latest SEC report filing. CAG stock had 90 new institutional investments in for a total of 4,928,590 shares, while 59 institutional investors sold positions of 4,407,453 shares during the same period.

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