By | May 28, 2019

Conagra Brands (NYSE:CAG) changed -0.21% to recent value of $28.83. The stock transacted 2988604 shares during most recent day however it has an average volume of 6355.3K shares. It spotted trading -26.88% off 52-week high price. On the other end, the stock has been noted 42.58% away from the low price over the last 52-weeks.

Conagra Brands (NYSE:CAG) declared that it has completed the divestiture of Gelit, an Italian-based frozen pasta business headquartered in Doganella di Ninfa, Italy. The original transaction agreement was announced on May 6, 2019.

The business has been divested to an Italian investment company owned by Consilum SGR S.p.A., Progressio SGR S.p.A., and MMM S.r.l. whose reference shareholder is Massimo Menna.

Terms of the transaction were not disclosed.

BNP Paribas acted as the sole financial advisor to Conagra Brands, and Jones Day acted as its legal advisor. CAG has a gross margin of 28.60% and an operating margin of 11.70% while its profit margin remained 7.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 11.90% for this year while earning per share for the next 5-years is expected to reach at 5.69%.

The company has 486.93M of outstanding shares and 481.85M shares were floated in the market. According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.78% from the mean of 20 days, 1.55% from mean of 50 days SMA and performed -3.03% from mean of 200 days price. Company’s performance for the week was -0.86%, -6.85% for month and YTD performance remained 34.97%.

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Shane Roberts

About Shane Roberts

Before joining News Registrar, Shane Roberts worked as a freelance writer. He has more than 10 years’ experience in journalism and public relations. His experience in public relations includes press releases, promotional materials, and working with media outlets. He also has professional experience writing news, technology, and business stories. Shane learned CFA Level 2 from CFA Institute (USA). He has worked in diverse capacities from financial research to currency trading in a span of 3 years. Shane covers Business news section. Email Contact: Shane@newsregistrar.com

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