A Director at Conagra Brands Inc is Exercising Options

Yesterday it was reported that a Director at Conagra Brands Inc (CAG), Ruth Ann Marshall, exercised options to sell 3,000 CAG shares at $15.98 a share, for a total transaction value of $81K.

In addition to Ruth Ann Marshall, one other CAG executive reported Sell trades in the last month.

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Based on Conagra Brands Inc’s latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $2.61 billion and quarterly net profit of $127 million. In comparison, last year the company earned revenue of $1.97 billion and had a net profit of $69.6 million. CAG’s market cap is $12.96B and the company has a P/E ratio of 18.61. Currently, Conagra Brands Inc has an average volume of 5.55M.

Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $33.33, reflecting a 17.9% upside.

In the last 30 days, insiders have sold $81K worth of CAG shares and purchased $668.3K worth of CAG shares. The insider sentiment on Conagra Brands Inc has been neutral according to 51 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Ruth Ann Marshall’s trades have generated a -0.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.

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