Manny Chirico Joins Conagra Brands (NYSE:CAG) as board of director

by Joyce Morse
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Conagra Brands (NYSE:CAG) spotted trading -9.43% off 52-week high price. On the other end, the stock has been noted 56.07% away from the low price over the last 52-weeks. The stock changed 0.79% to recent value of $35.63. The stock transacted 2725928 shares during most recent day however it has an average volume of 2.86M shares. The company has 488.20M of outstanding shares and 486.51M shares were floated in the market.

On Dec. 14, 2020, Conagra Brands (NYSE:CAG) released the appointment of Manny Chirico to its board of directors, effective February 1, 2021. With this addition, the Conagra Brands board will increase to 11 members.

We’re most pleased to welcome Manny to the Conagra Brands board, said Richard H. Lenny, chairman, Conagra Brands. Conagra and our shareholders will benefit from Manny’s deep experience building consumer brands, leading organizations and his strong emphasis on corporate culture and social responsibility.

Manny Chirico said, I am honored to be joining the Conagra Brands board. The board of directors, management team, and all Conagra employees have done an incredible job building Conagra into an innovative, consumer-focused packaged food company and I look forward to contributing to Conagra’s continued success in the years to come.

Its earnings per share (EPS) expected to touch remained 12.60% for this year while earning per share for the next 5-years is expected to reach at 7.15%. CAG has a gross margin of 28.70% and an operating margin of 15.10% while its profit margin remained 8.80% for the last 12 months.

According to the most recent quarter its current ratio was 0.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -0.33% from the mean of 20 days, -1.90% from mean of 50 days SMA and performed 3.32% from mean of 200 days price. Company’s performance for the week was 0.74%, 0.62% for month and YTD performance remained 4.06%.

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