Share on StockTwits

ConAgra Foods (NYSE:CAG) Director Kenneth E. Stinson unloaded 7,591 shares of ConAgra Foods stock on the open market in a transaction dated Monday, July 14th. The stock was sold at an average price of $30.58, for a total transaction of $232,132.78. Following the completion of the transaction, the director now directly owns 87,874 shares in the company, valued at approximately $2,687,187. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on CAG. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ConAgra Foods in a research note on Monday, June 23rd. 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 assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $32.92.

ConAgra Foods (NYSE:CAG) traded down 0.23% on Wednesday, hitting $30.88. The stock had a trading volume of 3,438,036 shares. ConAgra Foods has a 1-year low of $28.09 and a 1-year high of $37.28. The stock’s 50-day moving average is $31.06 and its 200-day moving average is $30.98. The company has a market cap of $13.031 billion and a P/E ratio of 43.59.

ConAgra Foods (NYSE:CAG) last announced its earnings results on Thursday, June 26th. The company reported $0.55 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.55. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter last year, the company posted $0.60 earnings per share. ConAgra Foods’s revenue was down 2.8% compared to the same quarter last year. Analysts expect that ConAgra Foods will post $2.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Investors of record on Monday, July 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, July 24th.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.