Today, a Director at Conagra Brands Inc (CAG), Joie Gregor, bought shares of CAG for $299.8K.
This recent transaction increases Joie Gregor’s holding in the company by 18.3% to a total of $1.95 million. Following Joie Gregor’s last CAG Buy transaction on March 26, 2014, the stock climbed by 9.4%.
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Based on Conagra Brands Inc’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $2.71 billion and quarterly net profit of $242 million. In comparison, last year the company earned revenue of $1.99 billion and had a net profit of $363 million. CAG’s market cap is $14.64B and the company has a P/E ratio of 21.22. Currently, Conagra Brands Inc has an average volume of 4.12M.
Seven different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $33.29, reflecting a 9.1% upside.
In the last 30 days, insiders have sold $604K worth of CAG shares and purchased $347.9K worth of CAG shares. The insider sentiment on Conagra Brands Inc has been positive according to 68 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
