With 0.28 sell/buy ratio, Conagra Brands, Inc. (NYSE:CAG) experienced more insider buying than insider selling over the last three months. Could this be a sign for outside investors to start buying as well? CAG recorded 1 sales on the open market in the last three months. They sold nearly 7,230 shares while purchases amounted to 25,515 shares that period. Looking even further back to 12 months, corporate insiders offloaded 438,757 shares when buyers snapped up 355,219 shares. The 12-month’s totals signify about a 1.24-to-1 sell/buy ratio.
Brown Thomas K gathered a total of 7.09 thousand shares of Conagra Brands, Inc. (CAG) at average share price of $35.25. This insider trade in the company took place on 10/12/2018. The total for the purchase was set at $249.99 thousand. After this transaction, the Director account balance stood at 26.48 thousand shares. The stock lost -11.94 percent since that insider purchase. On 10/12/2018, Connolly Sean, President and CEO, purchased 14.18 thousand shares at a price per share of $35.25. This added 499.99 thousand shares to the insider’s fortune and the stock saw a -11.94 percent retreat in value since the news became public. This transaction left 217.61 thousand shares in the President and CEO account.
On 10/12/2018, EVP and CFO Marberger David S performed a purchase transaction worth $99.97 thousand. This purchase at $35.25 each has added 2.84 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -11.94 percent decrease since the transaction was reported. The insider now is left with 12.72 thousand shares remaining in the account. Batcheler Colleen, who performs the EVP Gen Counsel & Corp Secty job, sold 22.75 thousand shares for $819 thousand. The disposal occurred on 07/25/2018 was priced at $36 per share. The share price plunged -13.78 percent since the reporting date. Batcheler Colleen now left with a stake of 163.15 thousand CAG stock worth $5.16 million after the insider selling.
The 12-month median price target for Conagra Brands, Inc. (CAG) assigned by the analysts stands at $42, which represents a return potential of 32.83 percent when compared to the closing price of the stock of $31.62 on Thursday, December 06. The lowest price target for the stock is $31 — slightly more than -1.96 percent from CAG’s current share price. The stock will probably climb 28.87 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $46-month high price target. This represents a whopping 45.48 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 33.25 on daily chart, which may remain a cause for comfort. If the price breaks below $30.29 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $32.23 mark may result into a pull-back move towards $32.85 level. The stock is currently hovering around the first support level of $30.95. Below this, the next support is placed in the zone of $30.29. Till the time, the CAG stock trades above this level, bulls have nothing to fear.
Shares of Conagra Brands, Inc. (CAG) are trading at a P/E ratio of 22.13 times earnings reported for the past 12 months. The industry CAG operates in has an average P/E of 20.85. Its P/E ratio went as low as 10.44X and as high as 135.96 over the 5-year span. Further, it is sporting a 1.92 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.78. 29.7 percent is the gross profit margin for Conagra Brands, Inc. and operating margin sits at 12.9 percent. Along with this, the net profit margin is 10.5 percent.
On 6th of December, Conagra Brands, Inc. (NYSE:CAG) shares ended lower after a volatile session. The shares dropped -0.46 points or -1.43 percent at $31.62 with a light trade volume of 5.483 million shares. After opening the session at $32.07, the shares went as high as $32.18 and as low as $30.9, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $15.3 billion and now has 484.47 million shares outstanding. Conagra Brands, Inc. (CAG) stock has lost -9.66 percent of market value in 21 trading days.
In last reported earnings results, CAG earned $0.47 per share, worse than the $0.49, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $1.83B, worse than the $1.85B analysts expected. Earnings are estimated to increase by 11.9 percent this year, 13.82 percent next year and continue to increase by 8.05 percent annually for the next 5 years. Investors will get their next glimpse of CAG’s Q2 earnings on December 20. Analysts are forecasting revenue to climb 12.1 percent to $2.44B in the next fiscal quarter, while earnings are seen soaring by nearly 0 percent to $0.55 per share. History has shown that shares in Conagra Brands, Inc. have gone up on 18 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings.
CAG stock has a trailing 3-year beta of 0.16, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $1.46 a share in the trailing twelve months. The stock’s value has fallen -16.06 percent year to date (YTD) against a decline of -14.93 percent in 12 month’s time. The company’s shares still trade -19.81 percent away from its 1-year high of $39.43 and -0.75 percent down from 52-week low of $31.86. The average consensus rating on the company is 2.1, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.