Insider Selling: Gary M. Rodkin Sells 50,000 Shares of ConAgra Foods Stock (CAG)
ConAgra Foods (NYSE:CAG) CEO Gary M. Rodkin sold 50,000 shares of the stock on the open market in a transaction dated Monday, June 23rd. The stock was sold at an average price of $28.84, for a total value of $1,442,000.00. Following the completion of the transaction, the chief executive officer now directly owns 639,765 shares of the company’s stock, valued at approximately $18,450,823. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ConAgra Foods in a research note on Monday. They now have a $28.00 price target on the stock, down previously from $32.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of ConAgra Foods in a research note on Thursday, June 19th. They now have a $35.00 price target on the stock, down previously from $36.00. Finally, analysts at Bank of America downgraded shares of ConAgra Foods from a “buy” rating to an “underperform” rating in a research note on Thursday, June 19th. They now have a $30.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. ConAgra Foods currently has an average rating of “Hold” and an average price target of $32.92.
Shares of ConAgra Foods (NYSE:CAG) traded down 0.03% during mid-day trading on Tuesday, hitting $28.82. 6,569,963 shares of the company’s stock traded hands. ConAgra Foods has a 52 week low of $28.09 and a 52 week high of $37.28. The stock has a 50-day moving average of $31.44 and a 200-day moving average of $31.2. The company has a market cap of $12.138 billion and a P/E ratio of 15.02.
ConAgra Foods, Inc is a packaged food company. The Company operates in four segments: Consumer Foods, Commercial Foods, Ralcorp Food Group, and Ralcorp Frozen Bakery Products.
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