In last trading session, Conagra Brands Inc (NYSE:CAG) saw 5.52 million shares changing hands with its beta currently measuring 0.32. Company’s recent per share price level of $30.32 trading at $0.01 or 0.03% at ring of the bell on the day assigns it a market valuation of $14.47B. That closing price of CAG’s stock is at a discount of -9.63% from its 52-week high price of $33.24 and is indicating a premium of 12.2% from its 52-week low price of $26.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.34 million shares which gives us an average trading volume of 4.80 million if we extend that period to 3-months.
For Conagra Brands Inc (CAG), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.79. Splitting up the data highlights that, out of 15 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 9 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.68 in the current quarter.
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Conagra Brands Inc (NYSE:CAG) trade information
Upright in the green during last session for gaining 0.03%, in the last five days CAG remained trading in the green while hitting it’s week-highest on Thursday, 10/17/24 when the stock touched $30.32 price level, adding 0.49% to its value on the day. Conagra Brands Inc’s shares saw a change of 5.79% in year-to-date performance and have moved 3.23% in past 5-day. Conagra Brands Inc (NYSE:CAG) showed a performance of -6.39% in past 30-days. Number of shares sold short was 17.91 million shares which calculate 3.58 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 34 to the stock, which implies a rise of 10.82% to its current value. Analysts have been projecting 29 as a low price target for the stock while placing it at a high target of 45. It follows that stock’s current price would jump 4.35% in reaching the projected high whereas dropping to the targeted low would mean a gain of 4.35% for stock’s current value.
Conagra Brands Inc (CAG) estimates and forecasts
Statistics highlight that Conagra Brands Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -0.98% of value to its shares in past 6 months, showing an annual growth rate of -3.00% while that of industry is 10.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.20% from the last financial year’s standing.
13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.15B for the same. And 13 analysts are in estimates of company making revenue of 3.03B in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -13.83% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -3.12% while estimates for its earnings growth in next 5 years are of 1.51%.
CAG Dividends
Conagra Brands Inc is more likely to be releasing its next quarterly report on 2025-Jan-02 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 4.62%, the share has a forward dividend of 1.40 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.52%.
Conagra Brands Inc (NYSE:CAG)’s Major holders
Insiders are in possession of 0.56% of company’s total shares while institution are holding 90.46 percent of that, with stock having share float percentage of 90.96%. Investors also watch the number of corporate investors in a company very closely, which is 90.46% institutions for Conagra Brands Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at CAG for having 57.35 million shares of worth $1.63 billion. And as of 2024-06-30, it was holding 11.9779 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 47.23 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.8643 of outstanding shares, having a total worth of $1.34 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 15.15 shares of worth $459.24 million or 3.17% of the total outstanding shares. The later fund manager was in possession of 12.27 shares on Jun 30, 2024 , making its stake of worth around $372.07 million in the company or a holder of 2.57% of company’s stock.
