Conagra Brands, Inc. (NYSE:CAG) reached 44.61% versus a 1-year low price of $20.22. The stock was last seen 0.9% higher, reaching at $29.24 on 6/19/2019. At a recent session, the prices were hovering between $28.65 and $29.315. This company shares are 13.44% off its target price of $33.17 and the current market capitalization stands at $14.17B. The recent change has given its price a -0.28% deficit over SMA 50 and -25.84% deficit over its 52-week high. The stock witnessed 2.67% gains, 27.69% gains and 0.79% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CAG’s volatility during a week at 2.15% and during a month it has been found around 2.26%.
What Does Conagra Brands, Inc. (CAG) Do?
The company describes itself in regulatory filings as, “Conagra Brands, Inc. engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks; Refrigerated and Frozen; International; Foodservice; and Pinnacle Foods. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States. The Refrigerated and Frozen segment comprises branded, temperature controlled food products sold in various retail channels in the United States. The International segment consists branded food products, in various temperature states, sold in various retail and foodservice channels outside of the United States. The Foodservice segment focuses in the branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The Pinnacle Foods segment involves in the commercially branded and private label food and ingredients, in various temperature states, sold in various retail and foodservice channels in the United States and Canada. The company was founded by Alva Kinney and Frank Little in 1919 and is headquartered in Chicago, IL.” [Text can be found here: https://www.marketwatch.com/investing/stock/CAG/profile under company description.]Conagra Brands, Inc. (CAG) Top Holders
Institutional investors currently hold around $12.64 billion or 91.2% in CAG stock. Look at its top three institutional owners: Price T Rowe Associates Inc /Md/ owns $1.71 billion in Conagra Brands, Inc., which represents roughly 12.05% of the company’s market cap and approximately 13.51% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 53,980,401 shares of the stock are valued at $1.56 billion. The third largest holder is Blackrock Inc., which currently holds $1.25 billion worth of this stock and that ownership represents nearly 8.83% of its market capitalization.
At the end of March reporting period, 361 institutional holders increased their position in Conagra Brands, Inc. (NYSE:CAG) by some 78,207,682 shares, 362 decreased positions by 55,581,696 and 94 held positions by 302,219,022. That puts total institutional holdings at 436,008,400 shares, according to SEC filings. The stock grabbed 117 new institutional investments totaling 12,166,085 shares while 116 institutional investors sold out their entire positions totaling 14,419,700 shares.Conagra Brands, Inc. (NYSE:CAG) Insider Trades
Multiple company employees have indulged in significant insider trading. Conagra Brands, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director MARSHALL RUTH ANN has sold 6,717 shares of Conagra Brands, Inc. (CAG) in the trading session dated Apr. 26, 2019. These shares are worth $208,227 and were traded at $31 each. The SEC filing shows that BUTLER STEPHEN G performed a sale of 20,153 shares. The Director disposed these shares by way of transaction on Apr. 16, 2019. The company’s shares were given away at $29.97 per share worth to an income of some $603,985 to the account of BUTLER STEPHEN G.
Director, GREGOR JOIE A, purchased 10,000 common shares of Conagra Brands, Inc. (CAG) in the open market. In a transaction dated Apr. 16, 2019, the shares were bought at an average price of $29.99, giving away a sum of $299,900. After this purchase, 64,650 common shares of CAG are directly owned by the insider, with total stake valued at $1,890,371.
In the transaction dated Apr. 16, 2019, a great number of shares acquired came courtesy the Director; Arora Anil added a total of 1,600 shares at an average price of $30.06, amounting to approximately $48,096. The insider now directly owns 2,878 shares worth $84,150.Conagra Brands, Inc. (CAG) Analyst Guide
Several analysts have released their opinion on Conagra Brands, Inc. (NYSE:CAG), with 5 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 5 buy, 1 sell and 0 strong sell ratings, collectively assigning a 1.83 average brokerage recommendation [T1].