Conagra Brands에 대한 매도 수량은 투자자에게 Conagra Brands의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Conagra Brands (NYSE:CAG) 주식, 공매도 수량 보고

Conagra Brands

Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of fiscal 2024 revenue). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. The company primarily sells through the us retail channel, with just 9% of fiscal 2024 revenue coming from international markets and 10% from foodservice.

Earnings

News

Pre-Market Outlook

Markets

Trading Ideas

LEVI

수요일 오전 (현지 시간 기준) 미국 주식 선물이 하락세를 보이면서 오늘 투자자들의 관심을 끌 수 있는 주식은 다음과 같다: 1. 월스트리트는 콘아그라 브랜즈(NYSE:CAG)가 분기 이익을 주당 60센트, 매출 28억 4천만 달러로 발표할 것으로 예상하고 있다. 이는 Benzinga Pro의 데이터에 따른 것으로, 콘아그라의 주식은 애프터 마켓 거래에서 0.2% 하락하여 $32.65에 거래되었다.

수요일 주목해야 할 주식: 나이키, 콘아그라 브랜즈, 램 웨스턴 및 2종목

PSMT

WDFC

목요일 아침 (미 동부 시간 기준) 미국 주식 선물이 하락세로 거래되면서 오늘 투자자의 관심을 끌 수 있는 주식은 다음과 같다: 월스트리트는 펩시코(NASDAQ:PEP)가 개장 전 226억 달러의 매출과 주당 2.16달러의 분기 이익을 보고할 것으로 예상하고 있다. Benzinga Pro의 데이터에 따르면 펩시코의 주식은 시간외 거래에서 0.2% 상승한 163.99달러를 기록했다.

목요일 주목해야 할 주식: 펩시코, 델타 항공, 콘아그라 그리고 2종목

Small Cap

주식선물이 이번 목요일 아침 미국에서 상승하면서, 오늘 투자자들의 주목을 끌 수 있는 몇 가지 주식은 다음과 같습니다.

월스트리트는 Conagra Brands, Inc.(NYSE:CAG)의 오프닝벨 전에 1주당 65센트의 분기 실적과 301억달러의 매출을 발표할 것으로 예상하고 있습니다. 이는벤징가 프로의 데이터에 따른 것입니다. Conagra 주식은 매출 후 시간에 1.2% 상승하여

리바이스, 콘아그라 브랜즈와 목요일로 향하는 3종목의 주식

Conagra Brands Inc

CRYPTOLOGY ASSET GROUP by CRYPTOLOGY ASSET GROUP PLC.

Samara Asset Group PLC

CALIFORNIA GRAPES INTL by California Grapes International, Inc.

California Grapes International Inc

CASTLE GROUP INC UTAH by Castle Group, Inc. (THE)

Castle Group Inc

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Farmer Bros Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARM#NASDAQ">FARM</a>)</h3>
<ul>
<li>On Sept. 12, Farmer Bros reported better-than-expected fourth-quarter financial results. &#8220;This past year was a transformative one for Farmer Brothers,&#8221; said President and Chief Executive Officer John Moore. &#8220;The decision to sell our direct ship business and focus on our more profitable DSD business helped significantly improve our gross margins and drive adjusted EBITDA profitability and overall operational efficiency.&#8221; The company's stock fell around 30% over the past month and has a <a href="https://www.benzinga.com/quote/FARM">52-week low of $1.85</a>.</li>
<li>RSI Value: 27.27</li>
<li>FARM Price Action: Shares of Farmer Bros fell 2.1% to close at $1.89 on Thursday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1">latest FARM news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="902" height="817" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04065613/image-16.png" alt="" class="wp-image-580375" style="width:634px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04065613/image-16.png 902w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04065613/image-16-300x272.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04065613/image-16-768x696.png 768w" sizes="(max-width: 902px) 100vw, 902px" /></a></figure>
<h3 class="wp-block-heading">British American Tobacco PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTI#NYSE">BTI</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On July 25, British American Tobacco posted H1 adjusted EPS of 169.3p down from 181.6p in the year-ago period. The company's stock fell around 6% over the past five days. It <a href="https://www.benzinga.com/quote/MMYT">has a 52-week low</a> of $28.25.</li>
<li>RSI Value: 24.49</li>
<li>BTI Price Action: Shares of British American Tobacco fell 2.4% to close at $35.11 on Thursday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1">trend in BTI stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="905" height="823" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04065652/image-17.png" alt="" class="wp-image-580377" style="width:637px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04065652/image-17.png 905w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04065652/image-17-300x273.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04065652/image-17-768x698.png 768w" sizes="(max-width: 905px) 100vw, 905px" /></a></figure>
<h3 class="wp-block-heading">Conagra Brands Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>)</h3>
<ul>
<li>On Oct. 2, ConAgra Brands reported worse-than-expected first-quarter financial results. Conagra Brands reaffirmed its fiscal 2025 guidance, projecting organic net sales to be between a decline of 1.5% and flat compared to fiscal year 2024, and expects adjusted earnings per share (EPS) to be between $2.60 and $2.65, compared to an estimated $2.61. The company's shares fell around 10% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/CAG">low of $25.16</a>.</li>
<li>RSI Value: 25.52</li>
<li>CAG Price Action: Shares of Conagra Brands fell 2.4% to close at $29.35 on Thursday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1">breakout in CAG shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="852" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04065730/image-18.png" alt="" class="wp-image-580379" style="width:611px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04065730/image-18.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04065730/image-18-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04065730/image-18-768x721.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41173410/top-2-tech-and-telecom-stocks-that-are-ticking-portfolio-bombs">Top 2 Tech And Telecom Stocks That Are Ticking Portfolio Bombs</a></li>
</ul>

Long Ideas

FARM

Top 3 Risk Off Stocks That May Explode This Month

B of A Securities analyst Bryan Spillane maintains Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) with a Neutral and lowers the price target from $34 to $33.

Price Target

Analyst Ratings

B of A Securities Maintains Neutral on Conagra Brands, Lowers Price Target to $33

RBC Capital analyst Nik Modi reiterates Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) with a Sector Perform and maintains $29 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Conagra Brands, Maintains $29 Price Target

U.S. stocks traded slightly higher toward the end of trading, with the Nasdaq Composite gaining around 0.2% on Wednesday.
The Dow traded up 0.07% to 42,186.44 while the NASDAQ gained 0.24% to 17,952.61. The S&amp;P 500 also rose, gaining, 0.03% to 5,710.22.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/09/41091653/how-to-earn-500-a-month-from-mccormick-stock-ahead-of-q3-earnings">How To Earn $500 A Month From McCormick Stock Ahead Of Q3 Earnings</a>
Leading and Lagging Sectors Information technology shares jumped by 0.6% on Wednesday.
In trading on Wednesday, consumer staples shares dipped by 1%.
Top Headline
ConAgra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) reported weaker-than-expected first-quarter results.
ConAgra reported quarterly adjusted earnings per share of 53 cents, missing the analyst consensus of 60 cents. Net sales of $2.79 billion (down 3.8%) missed the street view of $2.84 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) shares shot up 25% to $6.02 after the company announced that Toyota will invest an additional $500 million to support the certification and commercial production of the electric air taxi.</li>
<li>Shares of RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) got a boost, surging 7% to $128.37 after the company reported better-than-expected first-quarter adjusted EPS results.</li>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares were also up, gaining 46% to $0.6818. Shares of US-listed Chinese stocks traded higher on continued strength following recent stimulus measures and the start of the National Day Golden Week.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) shares dropped 13% to $242.64 after the company provided update on decline in Stars performance for 2025 and how it will impact quality bonus payments in 2026.</li>
<li>Shares of Eagle Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGRX#NASDAQ">EGRX</a>) were down 34% to $2.35 after the company announced it will be delisted from the Nasdaq.</li>
<li>Aditxt Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTX#NASDAQ">ADTX</a>) was down, falling 30% to $3.1318. Aditxt recently announced a 1-for-40 reverse stock split.</li>
</ul>
Commodities In commodity news, oil traded up 0.4% to $70.08 while gold traded down 0.7% at $2,672.80.
Silver traded up 0.8% to $31.980 on Wednesday, while copper rose 1.3% to $4.65.
Euro zone
European shares closed mixed today. The eurozone's STOXX 600 rose 0.05%, Germany's DAX fell 0.25% and France's CAC 40 rose 0.05%. Spain's IBEX 35 Index fell 0.55%, while London's FTSE 100 gained 0.17%.
The unemployment rate in the Eurozone came in unchanged from the previous month at 6.4% in August.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 dipping 2.18% and Hong Kong's Hang Seng Index jumping 6.20%.
Economics
<ul>
<li>Private businesses in the U.S. added 143,000 workers to their payrolls during the month of September compared to a revised 103,000 gain in August and higher than market estimates of 124,000, the ADP said.</li>
<li>The EIA said crude oil inventories in the U.S. climbed by 3.889 million barrels for the week ended Sept. 27, versus market estimates of a 1.3 million decline.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41141190/nike-to-100-here-are-10-top-analyst-forecasts-for-wednesday">Nike To $100? Here Are 10 Top Analyst Forecasts For Wednesday</a></li>
</ul>

Equities

Eurozone

Commodities

ADTX

EGRX

JOBY

Crude Oil Edges Higher; ConAgra Posts Downbeat Earnings

ConAgra CEO Says Expects To Be Able To Manage Through Strike, Any Resulting Disruptions Without Any Significant Impact; Co Bought Ingredients Ahead "To Some Degree" To Prepare For Port Strike; If It Becomes A Protracted Issue, It Will Be A Bigger Issue

ConAgra Brands CEO On U.S. East Coast Ports Strike Says Have Been Working With Our Suppliers, In Many Cases Their Suppliers For Months To Prepare For Strike

ConAgra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) shares are trading lower <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">after the company reported first-quarter results.</a>
ConAgra reported quarterly adjusted earnings per share of 53 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41138385/conagra-brands-reports-first-quarter-results" rel="noreferrer noopener">missing the analyst consensus of 60 cents.</a> Net sales of $2.79 billion (down 3.8%) missed the street view of $2.84 billion.
The&nbsp;3.5% drop in organic net sales was driven by a&nbsp;1.9%&nbsp;negative impact from&nbsp;price/mix, primarily driven by the company&#8217;s strategic investments and a&nbsp;1.6% decrease in volume.
Also, the company estimates that results in the quarter were impacted by approximately&nbsp;$27 million&nbsp;due to temporary manufacturing disruptions in the Hebrew National business during the key grilling season.
In the quarter under review, adjusted operating margin was 14.2%, representing a 244 basis point decrease. Adjusted gross profit decreased 9.4% to&nbsp;$726 million.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/10/41137681/eli-lilly-nears-first-trillion-pharma-title-but-investors-caution-amid-sky-high-valuation" rel="noreferrer noopener">Eli Lilly Nears First Trillion Pharma Title, But Investors Caution Amid Sky-High Valuation</a>
Net sales for the Grocery &amp; Snacks segment decreased by 1.7% to $1.2 billion in the quarter, the Refrigerated &amp; Frozen segment decreased by 5.7% to $1.1 billion, the Foodservice segment decreased by 7.8% to $267 million, and the International segment decreased by 0.4% to $259 million.
Conagra&#8217;s quarterly dividend payment of $0.35 per share will be paid on November 27 to stockholders of record as of the <a href="https://www.benzinga.com//node/41114273" target="_blank" rel="noreferrer noopener">close of business on October 31.</a>
Outlook: Conagra Brands is reaffirming its fiscal 2025 guidance, projecting organic net sales to be between a decline of 1.5% and flat compared to fiscal year 2024, and expects adjusted earnings per share (EPS) to be between <a href="https://www.benzinga.com/calendars/guidance">$2.60 and $2.65, compared to an estimated $2.61.</a>
Price Action: CAG shares are trading lower by 3.18% to $31.68 premarket at last check Wednesday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41135254/nike-conagra-brands-and-3-stocks-to-watch-heading-into-wednesday" target="_blank" rel="noreferrer noopener">Nike, Conagra Brands And 3 Stocks To Watch Heading Into Wednesday</a></li>
</ul>

Guidance

Dividends

Movers

General

ConAgra Misses The Mark: Manufacturing Disruptions And Weak Sales Weigh Down Q1 Performance

Conagra Brands Is Reaffirming Its Fiscal 2025 Guidance: Projects Organic Net Sales Of (1.5)% To Flat Compared To FY24, Sees Adjusted EPS Between $2.60-$2.65 Vs. $2.61 Estimate

WIIM

ConAgra Brands shares are trading lower after the company reported worse-than-expected Q1 financial results.

Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) reported quarterly earnings of $0.53 per share which missed the analyst consensus estimate . This is a 19.7 percent decrease over earnings of $0.66 per share from the same period last year. The company reported quarterly sales of $2.79 billion which missed the analyst consensus estimate of $2.84 billion by 1.58 percent. This is a 3.75 percent decrease over sales of $2.90 billion the same period last year.

Earnings Misses

Conagra Brands Q1 Adj $0.53 Misses $0.60 Estimate, Sales $2.79B Miss $2.84B Estimate

U.S. stock futures are slipping early Wednesday after <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41129967/market-sells-off-over-irans-attack-on-israel-port-strikes-hurricane-helene-national-se">Middle East tensions </a>and the impact of Hurricane Helene set off worries and dragged the major indices in the previous session. These added concerns sapped risk appetite that was on the wane amid the overbought levels of the market, lingering economic uncertainties, and the looming presidential election and third-quarter reporting season. On Wednesday, traders may keep a close eye on ADP&#8217;s private payrolls report, often considered a precursor to Friday&#8217;s non-farm payrolls report, due ahead of the market open, as well as comments by Federal Reserve officials.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.27%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.26%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.35%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.73%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) moved down 0.17% to $567.63 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.16% to $480.48, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Wall Street pulled back sharply on Tuesday as traders reacted negatively to Iran&#8217;s missile attack on Israel, the start of a dockworkers&#8217; strike that would handicap half of the country&#8217;s shipping and the impact of Hurricane Helene, which unleashed its fury over the Southeastern states. To make matters worse, the Institute for Supply Management&#8217;s manufacturing purchasing managers&#8217; index contracted by more than expected.
On a positive note, job openings came in at a better-than-expected 8 million in August, the Labor Department said.
The averages opened lower and languished below the unchanged line throughout the session before closing sharply lower. All but energy, utility and communication services stocks, closed lower, with IT stock coming in for a sound thrashing.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.53%</td>
<td>17,910.36</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.93%</td>
<td>5,708.75</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.41%</td>
<td>42,156.97</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.48%</td>
<td>2,197.03</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
October is a seasonally strong month but it often starts slow before picking up momentum as the third-quarter earnings announcements begin to drop, said fund manager Louis Navellier. &#8220;I am expecting that the second half of October will be stronger than the first half,&#8221; he said. The fund manager expects fundamentally superior stocks to benefit from earnings surprises.
Further ahead into November, the next president would have been elected and the Fed will cut interest rates again, he said. He expects consumer sentiment to improve with most of the economic and political uncertainty removed.
See also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data:
<ul>
<li>ADP is scheduled to release the private payroll report for September at 8:15 a.m. EDT. Economists, on average, expect the private sector to have added 128,000 jobs, more than the 99,000 jobs added in August.</li>
<li>Cleveland Fed President Beth Hammack is scheduled to give the welcome remarks before the 2024 Minorities in Banking Forum hosted by the Federal Reserve Bank of Cleveland, at 9 a.m. EDT.</li>
<li>St. Louis Fed President Alberto Musalem will provide welcome remarks for the 2024 Community Banking Research Conference at 10.05 a.m. EDT.</li>
<li>The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>Fed Governor Michelle Bowman is due to speak at 11 a.m. EDT and Richmond Fed President Tom Barkin will make a public appearance at 12:15 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) shares fell over 5.50% <a href="https://www.benzinga.com/premarket">in premarket trading </a>following the announcement of the company&#8217;s quarterly results, while Resources Connection, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) declined about 4.75%.</li>
<li><a href="https://www.benzinga.com/calendars/earnings">Among those reporting on Wednesday </a>are Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>), RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) and Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>).</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) declined over 1% ahead of the company&#8217;s quarterly deliveries report.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) slipped over 1.40% after it fell 3.66% on Tuesday.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rose over 3% amid the Middle East tensions, while gold futures fell moderately. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) plunged over 3.75% and traded under $61.5K. The yield on the 10-year Treasury note rose 2.1 points to 3.764%.
Most Asian markets that were open for trading ended lower amid the multiple downside triggers, although the Hong Kong market, which reopened after Tuesday&#8217;s public holiday, soared. The Chinese, Indian and Taiwanese markets remained closed for public holidays.
European stocks traded in the red in early trading.
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41135042/reliable-tesla-number-cruncher-forecasts-biggest-delivery-beat-in-3-years-fund-manager-says-this">Reliable Tesla Number Cruncher Forecasts Biggest Delivery Beat In 3 Years: Fund Manager Says This Could Change The Stock&#8217;s Narrative</a></li>
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Nasdaq, S&P Futures Sag As Downside Risks Intensify, Oil Spikes, Nike Slides: Why This Strategist Is Expecting 'Stronger' Second-Half Of October

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled lower on Tuesday, with the Dow Jones index falling more than 150 points amid growing concerns in the Middle East.
Most of the major tech stocks closed lower on Tuesday. Shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) all closed the day lower.
On the economic data front, construction spending in the U.S. declined by 0.1% month-over-month to an annual rate of $2,132 billion in August. The ISM manufacturing PMI came in unchanged at 47.2 in September.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, real estate, and financials stocks recording the biggest losses on Tuesday. However, energy and utilities stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 173 points to 42,156.97 on Tuesday. The S&amp;P 500 fell 0.93% to 5,708.75, while the Nasdaq Composite dipped 1.53% at 17,910.36 during Tuesday's session.
Investors are awaiting earnings results from Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>), RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>), and Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 69.1, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 73.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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<li><a href="https://www.benzinga.com/markets/24/09/41102060/jim-cramer-hand-picks-these-3-stocks-to-ride-the-crest-of-the-chinese-stimulus-frenzy">Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy</a></li>
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Photo courtesy: Shutterstock

AAPL

Nasdaq Ends 1.5% Lower As Tesla, Nvidia, And Apple Fall: Investor Optimism Declines, Fear Index Remains In 'Greed' Zone

With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) to report quarterly earnings at 60 cents per share on revenue of $2.84 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Conagra shares fell 0.2% to $32.65 in after-hours trading.</li>
<li>Lamb Weston Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) reported better-than-expected earnings for its third quarter and announced plans to cut approximately 4% of the global workforce and eliminate unfilled job positions. Lamb Weston shares fell 3.7% to $62.49 in the after-hours trading session.</li>
<li>Analysts expect RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) to post earnings at $1.75 per share on revenue of $2.02 million for the latest quarter. The company will release earnings before the markets open. RPM International shares fell 0.8% to $120.09 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) reported better-than-expected first-quarter earnings, while sales missed estimates. The company reported first-quarter revenue of $11.59 billion, missing analyst estimates of $11.65 billion. The athletic footwear and apparel company reported first-quarter earnings of 70 cents per share, beating analyst estimates of 52 cents per share. Nike shares fell 5.9% to $83.85 in the after-hours trading session.</li>
<li>Analysts expect Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) to post quarterly earnings at 31 cents per share on revenue of $1.55 billion after the closing bell. Levi Strauss shares gained 0.5% to $21.79 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/markets/24/09/41102060/jim-cramer-hand-picks-these-3-stocks-to-ride-the-crest-of-the-chinese-stimulus-frenzy">Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy</a></li>
</ul>
Photo courtesy: Shutterstock

Nike, Conagra Brands And 3 Stocks To Watch Heading Into Wednesday

Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-02. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Conagra Brands will report an earnings per share (EPS) of $0.59.
The market awaits Conagra Brands's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Overview of Past Earnings</h3>
Last quarter the company beat EPS by $0.04, which was followed by a 0.11% drop in the share price the next day.
Here's a look at Conagra Brands's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.57</td>
<td>0.65</td>
<td>0.68</td>
<td>0.60</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.61</td>
<td>0.69</td>
<td>0.71</td>
<td>0.66</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>1.0%</td>
<td>-2.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1727794941_0.png" alt="eps graph" />
<h3>Market Performance of Conagra Brands's Stock</h3>
Shares of Conagra Brands were trading at $32.52 as of September 30. Over the last 52-week period, shares are up 23.46%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Perspectives on Conagra Brands</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Conagra Brands.
With 7 analyst ratings, Conagra Brands has a consensus rating of Neutral. The average one-year price target is $32.0, indicating a potential 1.6% downside.
<h3>Comparing Ratings Among Industry Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of Campbell Soup, Hormel Foods and JM Smucker, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, Campbell Soup is favoring an Neutral trajectory, with an average 1-year price target of $50.33, suggesting a potential 54.77% upside.</li>
<li>The prevailing sentiment among analysts is an Buy trajectory for Hormel Foods, with an average 1-year price target of $37.0, implying a potential 13.78% upside.</li>
<li>The prevailing sentiment among analysts is an Buy trajectory for JM Smucker, with an average 1-year price target of $128.57, implying a potential 295.36% upside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
The peer analysis summary outlines pivotal metrics for Campbell Soup, Hormel Foods and JM Smucker, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Conagra Brands</td>
<td>Neutral</td>
<td>-2.27%</td>
<td>$804.90M</td>
<td>-6.45%</td>
</tr>
<tr>
<td>Campbell Soup</td>
<td>Neutral</td>
<td>10.88%</td>
<td>$675M</td>
<td>-0.08%</td>
</tr>
<tr>
<td>Hormel Foods</td>
<td>Buy</td>
<td>-2.19%</td>
<td>$488.37M</td>
<td>2.24%</td>
</tr>
<tr>
<td>JM Smucker</td>
<td>Buy</td>
<td>17.72%</td>
<td>$797.20M</td>
<td>2.39%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Conagra Brands ranks at the bottom for Revenue Growth and Gross Profit among its peers. It is in the middle for Return on Equity.
<h3>Delving into Conagra Brands's Background</h3>
Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of fiscal 2024 revenue). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. The company primarily sells through the us retail channel, with just 9% of fiscal 2024 revenue coming from international markets and 10% from foodservice.
<h3>Conagra Brands: Delving into Financials</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Conagra Brands's revenue growth over a period of 3 months has faced challenges. As of 31 May, 2024, the company experienced a revenue decline of approximately -2.27%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Staples sector.
Net Margin: Conagra Brands's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -19.52%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Conagra Brands's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -6.45%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Conagra Brands's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -2.65%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a high debt-to-equity ratio of 1.02, Conagra Brands faces challenges in effectively managing its debt levels, indicating potential financial strain.
<a href="https://www.benzinga.com/quote/CAG/earnings">To track all earnings releases for Conagra Brands visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Conagra Brands

B of A Securities analyst Bryan Spillane maintains Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) with a Neutral and raises the price target from $31 to $34.

B of A Securities Maintains Neutral on Conagra Brands, Raises Price Target to $34

EAST

SENEB

Shares of food stocks are trading lower after August's CPI report showed a slowing in the rise of food at home costs.

Conagra Brands's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) short percent of float has fallen 15.23% since its last report. The company recently reported that it has 14.43 million shares sold short, which is 3.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.3 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Conagra Brands Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725628516_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Conagra Brands has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Conagra Brands's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Conagra Brands's peer group average for short interest as a percentage of float is 4.19%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

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How Is The Market Feeling About Conagra Brands?

Conagra Brands, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cag#NYSE">CAG</a>) remains focused on transforming into a branded, pure-play consumer packaged goods food organization. The company looks forward to enlarging its food businesses, buoyed by innovation and organic growth, along with expansion into adjacent categories, comprising acquisitions. It has also been making divestitures to boost its overall portfolio.
In the latest development, the company revealed that it has concluded its earlier announced transaction regarding the divestiture of its 51.8% ownership stake in Agro Tech Foods Limited.
<h2>The Latest Divestiture to Boost CAG&#39;s Portfolio</h2>
Management informed that all the conditions for the sale (by one of its subsidiaries) of its 51.8% interest in Agro Tech Foods, which is an Indian-based food company, have been fulfilled. CAG intended to sell this stake in the second quarter of fiscal 2024.
The completion highlights an important strategic move to redesign Conagra&#39;s portfolio in a bid to enrich shareholders&#39; value. This is a majority-owned subsidiary consolidated within the company&#39;s International segment. Post the sale, Agro Tech Foods&#39; results will no longer be consolidated in CAG&#39;s financial statements.
<h2>Conagra&#39;s Other Strategic Moves</h2>
Prudent innovations have been helping the company to modernize its portfolio and meet consumers&#39; changing needs. It maintains its focus on investing in innovation, considering it the primary asset in its strategic approach and essential for enhancing its brands and fostering sustainable growth.
The company&#39;s actions, focused on re-engaging consumers with existing products and introducing them to new innovations, give it confidence in driving momentum through multifaceted brand-building investments. Conagra has been making advertising investments in major brands like Birds Eye and Healthy Choice, showcasing its commitment to building and promoting through innovative campaigns.
Conagra has been experiencing solid momentum in the International business. Segment net sales increased 6.4% year over year in fourth-quarter fiscal 2024, reflecting higher organic net sales and positive currency effects. Organic sales growth was driven by volumes, which rose 4.1% due to strength in Mexico and the global export business. The Mexico business has been witnessing volume growth for the past few quarters now. The continuation of these trends will continue to bolster the&nbsp; International unit.
Conagra has been seeing market share gains in the key frozen and snacks categories.&nbsp; The strength of the frozen category reflects the forte of its brands and the effective execution of the Conagra Way playbook. Conagra has made several investments in the innovation of key brands of the frozen business, which are yielding a favorable response. It has been seeing unit share gains in frozen sides, frozen single-serve meals and frozen vegetables.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c6/75986.jpg?v=1942463570" />
Image Source: Zacks Investment Research
<h2>Challenges CAG is Facing Now</h2>
Despite the positives, Conagra is not immune to the operating challenges. The company has been witnessing tough industry trends, including a slowdown in consumption. During the fiscal fourth quarter, volumes dropped 1.8% year over year due to the continuation of the industry-wide slowdown in consumption and the recent changes in consumer behavior. Industry-wide macroeconomic challenges have adversely impacted consumer purchasing patterns.
The company has also been struggling with cost inflation for a while now, though the trend has been moderating of late. In the fiscal fourth quarter, the adjusted gross margin was partly hurt by the inflated cost of goods sold, soft organic sales and adverse operating leverage. The company anticipates cost of goods sold inflation to continue in the next fiscal year.
CAG&#39;s Foodservice unit has been under pressure due to sluggish consumption trends, reflecting broader industry challenges. The segment&#39;s organic sales declined 3.9% year over year in the fiscal fourth quarter. The persistence of this trend remains a concern as the segment continues to navigate a tough operating environment with ongoing pressures on consumer demand and dining-out behavior.
<h2>What&#39;s Next for CAG&#39;s Investors?</h2>
Despite the operating challenges, this Zacks Rank #4 (Sell) company&#39;s shares have been performing well on the bourses. CAG stock has gained 8.2% over the past three months compared with the industry&#39;s 3.1% growth.
The company has also been making prudent moves to tackle the operating challenges. Potential investors should weigh these hurdles carefully, as volatile consumer behavior and cost inflation cannot be ignored. However, the latest divestiture should help maintain the stock&#39;s solid performance in the near term.
<h2>Stocks to Consider</h2>
Freshpet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frpt#NASDAQ">FRPT</a>), a pet food company, has a trailing four-quarter average earnings surprise of 118.2%. FRPT currently sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Freshpet&#39;s current financial-year sales and earnings per share indicates growth of 24.8% and 177.1%, respectively, from the prior-year reported levels.
Vital Farms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>), which provides pasture-raised products, currently sports a Zacks Rank of 1. The Zacks Consensus Estimate for Vital Farms&#39; current financial-year sales and EPS indicates growth of 24.9% and 66.1%, respectively, from the prior-year reported levels.
VITL has a trailing four-quarter earnings surprise of 102.1%, on average.
Post Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/post#NYSE">POST</a>), a consumer-packaged goods company, is involved in the production of refrigerated, foodservice and nutrition product categories. It currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for POST&#39;s current financial-year sales and EPS indicates growth of 14.2% and 6.9%, respectively, from the year-ago reported figures.
<a href="https://www.zacks.com/stock/news/2329170/how-will-the-sale-of-51-8-interest-in-agro-tech-foods-aid-cag-stock?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2329170">To read this article on Zacks.com click here.</a>

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How Will the Sale of 51.8% Interest in Agro Tech Foods Aid CAG Stock?

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
<h3 class="wp-block-heading">Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>)</h3>
<ul>
<li>Dividend Yield: 9.62%</li>
<li>UBS analyst Kevin Caliendo maintained a Neutral rating and cut the price target from $17 to $12 on July 3. This analyst has an accuracy rate of 73%.</li>
<li>RBC Capital analyst Ben Hendrix maintained a Sector Perform rating and slashed the price target from $22 to $13 on July 2. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On Aug. 19, Walgreens and BARDA formed a strategic partnership to strengthen decentralized clinical trials model and reporting.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1"> latest WBA news. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="782" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22080411/image-193.png" alt="" class="wp-image-508433" style="width:629px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22080411/image-193.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22080411/image-193-300x262.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22080411/image-193-768x670.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>)</h3>
<ul>
<li>Dividend Yield: 4.55%</li>
<li>Evercore ISI Group analyst David Palmer maintained a Neutral rating and cut the price target from $32 to $31 on July 12. This analyst has an accuracy rate of 65%.</li>
<li>Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and lowered the price target from $32 to $31 on July 10. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: On July 11, ConAgra reported worse-than-expected fourth-quarter sales results.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1">breakout in CAG shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="877" height="826" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22080719/image-194.png" alt="" class="wp-image-508447" style="width:685px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22080719/image-194.png 877w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22080719/image-194-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22080719/image-194-768x723.png 768w" sizes="(max-width: 877px) 100vw, 877px" /></a></figure>
<h3 class="wp-block-heading">Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>)</h3>
<ul>
<li>Dividend Yield: 4.33%</li>
<li>Barclays analyst Gaurav Jain maintained an Overweight rating and raised the price target from $110 to $130 on Aug. 14. This analyst has an accuracy rate of 66%.</li>
<li>JP Morgan analyst Jared Dinges maintained an Overweight rating and increased the price target from $110 to $125 on July 25. This analyst has an accuracy rate of 64%.</li>
<li>Recent News: On July 23, Philip Morris International reported better-than-expected second-quarter FY24 earnings and raised the adjusted EPS outlook.</li>
<li>Benzinga Pro&#8217;s earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1">PM&#8217;s earnings reports.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="877" height="811" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22080925/image-195.png" alt="" class="wp-image-508453" style="width:653px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22080925/image-195.png 877w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22080925/image-195-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22080925/image-195-768x710.png 768w" sizes="(max-width: 877px) 100vw, 877px" /></a></figure>
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Read More: 
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<li><a href="https://www.benzinga.com/news/earnings/24/08/40501259/s-p-500-nasdaq-surge-after-fed-minutes-point-to-likely-rate-cut-in-september-fear-greed-index-remai">S&amp;P 500, Nasdaq Surge After Fed Minutes Point To Likely Rate Cut In September: Fear &amp; Greed Index Remains In &#8216;Neutral&#8217; Zone</a></li>
</ul>

Wall Street's Most Accurate Analysts Spotlight On 3 Defensive Stocks Delivering High-Dividend Yields

The Nasdaq 100 closed higher by around 0.1% during Wednesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Conagra Brands</h3>
<ul>
<li>The Trade: Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) EVP and COO Thomas M McGough <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 40,000 shares</a> at an average price of $30.29. The insider received around $1.2 million from selling those shares.</li>
<li>What's Happening: On Aug. 12, Goldman Sachs analyst Leah Jordan initiated coverage on Conagra Brands with a Buy rating and announced a price target of $36.</li>
<li>What Conagra Brands Does: Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of fiscal 2024 revenue).</li>
</ul>
<h3 class="wp-block-heading">T-Mobile US</h3>
<ul>
<li>The Trade: T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) President and CEO G Michael Sievert <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 40,000 shares</a> at an average price of $194.82. The insider received around $7.8 million from selling those shares.</li>
<li>What's Happening: On Aug. 12, Tigress Financial analyst Ivan Feinseth maintained T-Mobile with a Buy and raised the price target from $205 to $235.</li>
<li>What T-Mobile US Does: Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, and that firm merged with Sprint in 2020, creating the second-largest wireless carrier in the us T-Mobile now serves 77 million postpaid and 21 million prepaid phone customers, equal to around 30% of the us retail wireless market.</li>
</ul>
<h3 class="wp-block-heading">Upstart</h3>
<ul>
<li>The Trade: Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) CFO Sanjay Datta <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,500 share</a>s at an average price of $35.39. The insider received around $53,085 from selling those shares.</li>
<li>What's Happening: On Aug. 6, Upstart reported better-than-expected second-quarter financial results.</li>
<li>What Upstart Does: Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform.</li>
</ul>
<h3 class="wp-block-heading">Pfizer</h3>
<ul>
<li>The Trade: Pfizer Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) SVP and Controller Jennifer B. Damico s<a href="https://www.benzinga.com/sec/insider-trades/">old a total of 5,154 shares</a> at an average price of $28.66. The insider received around $147,714 from selling those shares.</li>
<li>What's Happening: On Aug. 12, Pfizer released top-line safety and immunogenicity results from substudy B of the ongoing pivotal MONeT Phase 3 trial,evaluating two doses of Abrysvo vaccine in immunocompromised adults aged 18 and older at risk of developing severe respiratory syncytial virus-associated lower respiratory tract disease.</li>
<li>What Pfizer Does: Pfizer is one of the world&#8217;s largest pharmaceutical firms, with annual sales close to $50 billion (excluding COVID-19 product sales).</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40368892/jim-cramer-avoid-middle-market-plays-like-golub-capital-buy-mueller-industries-it-is-fan">Jim Cramer: &#8216;Avoid Middle Market Plays&#8217; Like Golub Capital, Buy Mueller Industries — &#8216;It Is Fantastic&#8217;</a></li>
</ul>

Insider Trades

TMUS

UPST

Pfizer, Conagra Brands And 2 Other Stocks Insiders Are Selling

Conagra Brands, Inc. (CAG) Q1 2025 Earnings Q&A Call Transcript

Analyst Leah Jordan from Goldman Sachs reiterated a Buy rating on Conagra Brands (CAG – Research Report) and keeping the price target at $36.00. Le...

Conagra Brands: A Strong Buy on Resilient Volume Growth and Attractive Valuation

Analyst Christopher Carey of Wells Fargo maintained a Hold rating on Conagra Brands (CAG – Research Report), retaining the price target of $30.00. ...

Conagra Brands: Hold Rating Maintained Amidst First-Quarter Miss and Uncertain Sales Recovery

Conagra Brands (CAG – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Robert Moskow ...

Conagra Brands: Hold Rating Justified Amidst Sales Struggles and Operational Hurdles

RBC Capital analyst Nik Modi reiterated a Hold rating on Conagra Brands (CAG – Research Report) today and set a price target of $29.00. The company...

RBC Capital Keeps Their Hold Rating on Conagra Brands (CAG)

Stifel Nicolaus analyst Matthew Smith, CFA maintained a Hold rating on Conagra Brands (CAG – Research Report) today and set a price target of $30.0...

Conagra Brands (CAG) Receives a Hold from Stifel Nicolaus

Evercore ISI analyst David Palmer maintained a Hold rating on Conagra Brands (CAG – Research Report) today and set a price target of $31.00. The co...

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