Insider Trading Report: Conagra Brands Inc (CAG)

Emanuel Chirico, a director at Conagra Brands Inc (CAG), recently picked up 30,000 shares. The buy increased his stake by just over 29 percent, and came to a total purchase price just over $1.02 million.

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  • This purchase marks the last insider buy since last July. There have only been a few modest buys from insiders over the past three years. For the most part, company insiders, including both directors and executives, have largely been sellers of shares.

    Overall, insiders at the company own 0.4 percent of shares.

    The stock has traded essentially flat over the past year. Earnings have dropped, even on a slight increase in revenue. But the company is a leader in packaged foods, and should be able to pass on higher costs in the agricultural sector to consumers in the coming quarters.

    Action to take: While performance hasn’t been exceptional recently, shares trade at a solid valuation of just under 15 times earnings. Plus, at current prices, the company yields just under 4 percent right now, and the company recently raised its dividend payout.

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  • For traders, the January $35 calls, last going for about $1.40, could deliver mid-to-high double-digit returns on the trade. The stock has traded in a range over the past year, so traders may want to take profits on this option if the shares top $35.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.