This recent transaction increases Sean Connolly’s holding in the company by 6.97% to a total of $7.59 million. In addition to Sean Connolly, one other CAG executive reported Buy trades in the last month.
Based on ConAgra Foods’ latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $1.83 billion and quarterly net profit of $178 million. In comparison, last year the company earned revenue of $1.8 billion and had a net profit of $153 million. CAG’s market cap is $13.66B and the company has a P/E ratio of 16.85. Currently, ConAgra Foods has an average volume of 5.95M.
Starting in June 2018, CAG received 9 Buy ratings in a row. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $42.25, reflecting a 19.6% upside. Four different firms, including Stephens and UBS, currently also have a Buy rating on the stock.
Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 Commercial Foods. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States.