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Wednesday, February 1, 2023

Is Conagra Brands Inc. (NYSE: CAG) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Conagra Brands Inc. (CAG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.22, or -0.55%, to $39.81. The Conagra Brands Inc. has recorded 118,165 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that INTERNATIONAL ICON DOLLY PARTON EXPANDS LINEUP OF HER POPULAR DUNCAN HINES’ BAKING MIXES.

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Stocks Info

Conagra Brands Inc. is listed on the NYSE in the Consumer Defensive sector while operating in the Packaged Foods industry. At the end of the last regular session, the stock closed at $40.03 and fluctuated between $40.31 as its day high and $39.88 as its day low. The current market capitalization of Conagra Brands Inc. is $19.18B. A total of 3.95 million shares were traded on the day, compared to an average of 3.73M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CAG has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 330 and the disposition of 6,408 shares. Over the last 12 months, there were 33 BUYs and 14 SELLs from insiders. Insiders purchased 392,995 shares during that period but sold 235,172.

In the most recent transaction, Wise Robert G sold 50,000 shares of CAG for 40.90 per share on Jan 06. After the transaction, the SVP, Corporate Controller now owns 22,717 company shares. In a previous transaction on Oct 18, Bartell Carey sold 6,408 shares at 34.50 per share. CAG shares that EVP, GC and Corp. Secretary owns now total 0.

Among the insiders who sold shares, McGough Thomas M disposed of 21,405 shares on Aug 17 at a per-share price of $35.40. This resulted in the EVP & Co-COO holding 104,859 shares of CAG after the transaction. In another insider transaction, CHIRICO EMANUEL bought 30,000 shares at $34.06 per share on Jul 25. Company shares held by the Director now total 40,788.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Conagra Brands Inc. pays an annual dividend of $1.32, resulting in a dividend yield of 3.30%, and it has a price to earnings (P/E) ratio of 28.29. CAG’s most recent ex-dividend date was 1/27/2023 when it declared a $0.33 quarterly dividend that was paid in cash on 3/2/2023. Previously, the company paid the dividend on 12/1/2022 with an ex-dividend date of 11/2/2022. The CAG stock dividend was $0.33 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CAG in the last 3 months, the mean price target is $41.75 with high estimates of $48.00 and low estimates of $35.00. In terms of 52-week highs and lows, CAG has a high of $41.30 and a low of $30.06.

As of this writing, CAG has an earnings estimate of $0.65 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.68 per share and a lower estimate of $0.62. The company reported an EPS of $0.65 in the last quarter, which was 3.20% higher than expectations of $0.63.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 18 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CAG is Underweight with a score of 3.58. A total of 5 analysts rated the stock as Buy while 2 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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