ConAgra Foods EVP Nicole B. Theophilus Unloads 28,000 Shares (CAG)
ConAgra Foods (NYSE:CAG) EVP Nicole B. Theophilus unloaded 28,000 shares of the company’s stock on the open market in a transaction dated Monday, July 14th. The shares were sold at an average price of $30.63, for a total value of $857,640.00. Following the completion of the transaction, the executive vice president now directly owns 33,918 shares in the company, valued at approximately $1,038,908. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
ConAgra Foods (NYSE:CAG) traded down 0.23% on Wednesday, hitting $30.88. 3,438,036 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 $31.06 and a 200-day moving average of $30.98. The company has a market cap of $13.031 billion and a price-to-earnings ratio of 43.59.
ConAgra Foods (NYSE:CAG) last released its earnings data on Thursday, June 26th. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. 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. Stockholders 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.
CAG has been the subject of a number of recent research reports. 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 investment 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. The company presently has a consensus rating of “Hold” and an average target price of $32.92.
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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