ConAgra Foods (NYSE:CAG) CFO John Gehring sold 40,000 shares of ConAgra Foods stock on the open market in a transaction that occured on Monday, August 12th. The shares were sold at an average price of $36.49, for a total value of $1,459,600.00. Following the completion of the sale, the chief financial officer now directly owns 153,528 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CAG shares. Analysts at Zacks reiterated a “neutral” rating on shares of ConAgra Foods in a research note to investors on Monday, July 8th. They now have a $37.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated an “overweight” rating on shares of ConAgra Foods in a research note to investors on Friday, June 28th. They now have a $41.00 price target on the stock, up previously from $40.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of ConAgra Foods in a research note to investors on Thursday, June 27th.
One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. ConAgra Foods has a consensus rating of “Buy” and an average target price of $37.83.
Shares of ConAgra Foods (NYSE:CAG) traded down 0.14% during mid-day trading on Tuesday, hitting $36.60. ConAgra Foods has a 52 week low of $24.52 and a 52 week high of $37.28. The stock’s 50-day moving average is currently $36.22. The company has a market cap of $15.355 billion and a P/E ratio of 19.81.
ConAgra Foods (NYSE:CAG) last released its earnings data on Thursday, June 27th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.01. The company had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 33.7% on a year-over-year basis. On average, analysts predict that ConAgra Foods will post $2.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 30th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Monday, July 29th.
ConAgra Foods, Inc (NYSE:CAG) is a food company.
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