The insider sell/buy ratio of Conagra Brands, Inc. (NYSE:CAG) is recorded at 5.15, pointing to bearish feelings about the stock among corporate executives and directors. CAG recorded 1 sales on the open market in the last three months. They sold nearly 7,230 shares while purchases amounted to 1,403 shares that period. Looking even further back to 12 months, corporate insiders offloaded 410,337 shares when buyers snapped up 352,849 shares. The 12-month’s totals signify about a 1.16-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 -38.7 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 -38.7 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 -38.7 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 -39.97 percent since the reporting date. Batcheler Colleen now left with a stake of 163.15 thousand CAG stock worth $3.53 million after the insider selling.
The 12-month median price target for Conagra Brands, Inc. (CAG) assigned by the analysts stands at $32.5, which represents a return potential of 50.39 percent when compared to the closing price of the stock of $21.61 on Friday, January 11. The lowest price target for the stock is $24 — slightly more than 11.06 percent from CAG’s current share price. The stock will probably climb 51.64 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $44-month high price target. This represents a whopping 103.61 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 24.64 on daily chart, which may remain a cause for comfort. If the price breaks below $20.9 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $21.8 mark may result into a pull-back move towards $22 level. The stock is currently hovering around the first support level of $21.25. Below this, the next support is placed in the zone of $20.9. 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 1.27 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.78. 29.1 percent is the gross profit margin for Conagra Brands, Inc. and operating margin sits at 10.8 percent. Along with this, the net profit margin is 9.1 percent.
On 11th of January, Conagra Brands, Inc. (NYSE:CAG) shares ended higher after a volatile session. The shares accumulated 0.14 points or 0.65 percent at $21.61 with a heavy trade volume of 8.426 million shares. After opening the session at $21.47, the shares went as high as $21.64 and as low as $21.09, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $10.4 billion and now has 482.49 million shares outstanding. Conagra Brands, Inc. (CAG) stock has lost -29.4 percent of market value in 21 trading days.
CAG stock has a trailing 3-year beta of 0.66, 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 $1.23 a share in the trailing twelve months. The stock’s value has surged 1.17 percent year to date (YTD) against a decline of -41.33 percent in 12 month’s time. The company’s shares still trade -45.19 percent away from its 1-year high of $39.43 and 6.87 percent up from 52-week low of $20.22. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.