ConAgra Foods (NYSE:CAG) has tumbled 0.17% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 5.61% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.03% and the outperformance has advanced to 4.65% for the last 4 weeks period.
ConAgra Foods (NYSE:CAG): The stock opened at $46.96 on Friday but the bulls could not build on the opening and the stock topped out at $46.99 for the day. The stock traded down to $46.38 during the day, due to lack of any buying support eventually closed down at $46.87 with a loss of -0.36% for the day. The stock had closed at $47.04 on the previous day. The total traded volume was 3,609,510 shares.
The company shares have rallied 8.07% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $47.21 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $45.65 and the 200 Day Moving Average price is recorded at $43.11.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Messel Scott E, officer (SVP, Treasurer&Asst. Secretary) of Conagra Foods Inc /De/, had unloaded 22,992 shares at an average price of $46.3 in a transaction dated on April 11, 2016. The total value of the transaction was worth $1,064,530.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Citigroup maintains its ratings on ConAgra Foods (NYSE:CAG). In the latest research report, Citigroup raises the target price from $44 per share to $50 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on April 8, 2016. Currently the company Insiders own 0.66% of ConAgra Foods shares according to the proxy statements. Institutional Investors own 76.37% of ConAgra Foods shares.
ConAgra Foods, Inc. operates as a packaged food company. The Company offers branded and private branded food to households, as well as commercial food, which serve various restaurants and foodservice operations. Its brands include Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunts, Marie Callenders, Orville Redenbachers, PAM, Peter Pan, Reddi-wip, Slim Jim and Snack Pack, among others. The Company sells its products under private brand labels in grocery, convenience, mass merchandise, club and drug stores. The Company also supplies frozen potato and sweet potato products, as well as other vegetable, spice, bakery and grain products to restaurants, commercial and foodservice customers. It operates in three segments: Consumer Foods, Commercial Foods and Private Brands. It has international manufacturing facilities in Argentina, Canada and Mexico, and interests in ownership of international manufacturing facilities in India and Mexico.