In the last trading session, 9.89 million shares of the Conagra Brands Inc (NYSE:CAG) were traded, and its beta was 0.14. Most recently the company’s share price was $21.60, and it changed around $0.03 or 0.14% from the last close, which brings the market valuation of the company to $10.31B. CAG currently trades at a discount to its 52-week high of $33.24, offering almost -53.89% off that amount. The share price’s 52-week low was $21.51, which indicates that the current value has risen by an impressive 0.42% since then. We note from Conagra Brands Inc’s average daily trading volume that its 10-day average is 7.07 million shares, with the 3-month average coming to 6.66 million.
Conagra Brands Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.05. If we narrow it down even further, the data shows that 0 out of 20 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 15 recommended CAG as a Hold, whereas 0 deemed it a Buy, and 2 rated it as Underweight.
Conagra Brands Inc (NYSE:CAG) trade information
Instantly CAG has showed a green trend with a performance of 0.14% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 22.58 on recent trading dayincreased the stock’s daily price by 4.34%. The company’s shares are currently down -22.16% year-to-date, but still down -3.57% over the last five days. On the other hand, Conagra Brands Inc (NYSE:CAG) is -5.14% down in the 30-day period. We can see from the shorts that 16.19 million shares have been sold at a short interest cover period of 2.34 day(s).
The consensus price target as assigned by Wall Street analysts is $34, which translates to bulls needing to increase their stock price by 36.47% from its current value. Analyst projections state that CAG is forecast to be at a low of $29 and a high of $45.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -13.83%. Conagra Brands Inc earnings are expected to increase by -12.99% in 2025, but the outlook is negative -4.24% per year for the next five years.
CAG Dividends
Conagra Brands Inc’s next quarterly earnings report is expected to be released on 2025-Apr-02. The annual dividend yield of the stock is 6.48 percent and its annual dividend per share was 1.40. It is important to note, however, that the 6.48% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.86 per year.
Conagra Brands Inc (NYSE:CAG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.58% of Conagra Brands Inc shares, and 88.04% of them are in the hands of institutional investors. The stock currently has a share float of 88.55%. Conagra Brands Inc stock is held by 1177.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.9829% of the shares, which is about 57.35 million shares worth $1.63 billion.
BLACKROCK INC., with 9.8684% or 47.23 million shares worth $1.34 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
