Finance

What the Insider Data Suggests About Conagra Brands, Inc. (CAG)

Recent insider trends for Conagra Brands, Inc. (NYSE:CAG) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on CAG is anything to go by, investors should pay attention.

Institutions own 81.66% of Conagra Brands, Inc. (CAG)’s shares. The total value of these holdings, in millions, is $11,856. Among active positions in the latest quarter, 292 holders increased their positions by a total of 39.55 million shares, 313 holders decreased the positions by a total of 41.5 million shares, and 125 holders held their positions. This works out to a net decrease in ownership of 1.96 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 67 holders initiated new positions by a total of 4.62 million shares and 66 holders exited their positions by a total of 4.18 million shares. This nets out to an increase of 445227 shares and is a bullish sign for CAG.

In the last three months, insiders executed a total of 8 trades. 4 of these were buys and 4 were sells. Insider ownership decreased by a total of 137061 shares, which suggests that CAG’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 19 buys and 14 sells, and ownership decreased by a net of 108746 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Conagra Brands, Inc. (NYSE:CAG)’s short interest is 15.56 million shares, or % of the float. This represents a decrease of -4% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for CAG. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CAG is a Strong buy, which implies that CAG is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Conagra Brands, Inc. (NYSE:CAG) is undervalued.

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