After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted GLOBAL SUPERSTAR DOLLY PARTON AND CONAGRA BRANDS ENTER EXCLUSIVE LICENSING PARTNERSHIP FOR RETAIL FOOD.
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Stocks Info
Conagra Brands Inc is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Packaged Foods industry. The current market capitalization of Conagra Brands Inc is $14.06B. A total of 4.26 million shares were traded on the day, compared to an average of 4.48M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CAG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 33 BUYs and 19 SELLs from insiders. Insiders purchased 798,004 shares during that period but sold 380,379.
In the most recent transaction, LENNY RICHARD H bought 9,238 shares of CAG for 27.31 per share on Oct 09. After the transaction, the Director now owns 165,205 company shares. In a previous transaction on Aug 02, McGough Thomas M sold 75,522 shares at 33.07 per share. CAG shares that EVP & Co-COO owns now total 157,125.
Among the insiders who sold shares, Brock Charisse disposed of 7,036 shares on Apr 14 at a per-share price of $37.04. This resulted in the EVP, Chief HR Officer holding 94,802 shares of CAG after the transaction. In another insider transaction, McGough Thomas M sold 45,000 shares at $38.66 per share on Apr 06. Company shares held by the EVP & Co-COO now total 104,859.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Conagra Brands Inc pays an annual dividend of $1.39, resulting in a dividend yield of 4.71%, and it has a price to earnings (P/E) ratio of 14.32. CAG’s most recent ex-dividend date was 1/29/2024 when it declared a $0.35 quarterly dividend that was paid in cash on 2/29/2024. Previously, the company paid the dividend on 11/30/2023 with an ex-dividend date of 11/1/2023. The CAG stock dividend was $0.35 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CAG in the last 3 months, the mean price target is $29.97 with high estimates of $33.00 and low estimates of $28.00. In terms of 52-week highs and lows, CAG has a high of $38.94 and a low of $25.16.
As of this writing, CAG has an earnings estimate of $0.64 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.67 per share and a lower estimate of $0.62. The company reported an EPS of $0.66 in the last quarter, which was 10.00% higher than expectations of $0.6.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CAG’s latest balance sheet shows that the firm has $83.30M in Cash & Short Term Investments as of fiscal 2022. There were $9.18B in debt and $3.52B in liabilities at the time. Its Book Value Per Share was $18.84, while its Total Shareholder’s Equity was $8.86B.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 3.15.
