Insider Purchase: The independent director of The Conagra Brands, Inc. (NYSE: CAG) just bought $ 1.4 million in stock

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The following together with Conagra Brands, Inc. (NYSE: CAG) will undoubtedly be fascinated by the recent purchase of shares by Craig Omtvedt, the company's independent director, who spent an impressive $ 1.4 million on shares at an average price of $ 33.99. This increased their participation by a full 114%, which suggests that a shy, cute nerd is asking the most popular child in school to go on a date. "Data-reactid =" 27 "> The following along with Conagra Brands, Inc. (NYSE: CAG) will undoubtedly be intrigued by the recent purchase of shares by Craig Omtvedt, the company's independent director, who spent $ 1.4 million on shares at an average price of $ 33.99. This increased their participation by a full 114%, which suggests that a shy, cute nerd is asking the most popular child in school to go on a date.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = " See our latest analysis for Conagra Brands "data-reactid =" 28 "> Check out our latest analysis for Conagra Brands

The last 12 months of inside transactions at Conagra Brands

In fact, according to our records, Craig Omtvedt's most recent purchase was the largest Conagra Brands share purchase made by an insider in the past 12 months. So it's clear that an insider wanted to buy, even at a higher price than the current stock price ($ 33.34). It is very likely that they will regret the purchase, but they are more likely to be optimistic about the company. We always pay attention to the price that insiders pay when buying stocks. It is generally more encouraging to pay above the current price, as this suggests that they see value even at higher levels.

Conagra Brands insiders bought shares last year but didn't sell them. Below is a visual representation of insider transactions (by individuals) over the past 12 months. If you click on the chart, you will see all single transactions, including the stock price, the single transaction and the date!

NYSE: CAG Recent Insider Trading, January 4, 2020

<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "There are many other companies that buy insiders up shares. You probably do Not want to miss that free List of growing companies that buy insiders."data-reactid =" 44 "> There are many other companies that have insiders buying shares, you probably do Not want to miss that free List of growing companies that buy insiders.

Insider possession of Conagra brands

Another way to test the match between a company's executives and other shareholders is to check how many shares they own. We usually see a relatively high proportion of insider owners. It appears that Conagra Brands insiders own 0.3% of the company worth about $ 54 million. While this is a strong, but not outstanding, level of insider ownership, it is enough to identify a degree of agreement between management and smaller shareholders.

What do Conagra Brands insider transactions tell us?

<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "It is certainly positive to see the latest insider purchase The long-term picture of insider transactions also makes us confident. Since insiders also have some Conagra brands, we believe that they are quite confident for a bright future, so you should definitely take a look at this FREE Report with analyst forecasts for Conagra Brands, "data-reactid =" 48 "> It is certainly positive to see the recent insider purchase. We also rely on the longer-term picture of insider transactions. Given that insiders also have some Conagra brands, we think they are probably pretty confident for a bright future, so you should definitely check this out FREE Report with analyst forecasts for Conagra Brands.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Of course Conagra Brands may not be the best stock to buy, Maybe you want to see that free Collection of quality companies."data-reactid =" 49 "> Of course Conagra Brands may not be the best stock to buy, Maybe you want to see that free Collection of quality companies.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Insiders within the meaning of this article are persons who report their transactions to the responsible supervisory authority. We are currently considering open market transactions and private disposals, but not derivative transactions."data-reactid =" 50 ">Insiders within the meaning of this article are persons who report their transactions to the responsible supervisory authority. We are currently considering open market transactions and private disposals, but not derivative transactions.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "If you discover an error that justifies a correction, please contact the editorial team at editorial-team@simplywallst.com, This article from Simply Wall St is general in nature. It is not a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Simply Wall St has no position in the stocks mentioned.

We strive to provide you with long-term, focused research analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or quality material. Thank you for reading."data-reactid =" 51 ">If you discover an error that justifies a correction, please contact the editorial team at editorial-team@simplywallst.com. This article from Simply Wall St is general in nature. It is not a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Simply Wall St has no position in the stocks mentioned.

We strive to provide you with long-term, focused research analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or quality material. Thank you for reading.