Conagra Brands $CAG Position Decreased by Assenagon Asset Management S.A.

Posted by Geri Gentry on Oct 24th, 2026

Assenagon Asset Management S.A. reduced its position in Conagra Brands (NYSE:CAG – Free Report) by 63.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,604 shares of the company’s stock after selling 67,910 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Conagra Brands were worth $519,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Conagra Brands in the 2nd quarter worth approximately $1,071,275,000. Dimensional Fund Advisors LP raised its holdings in Conagra Brands by 9.7% in the first quarter. Dimensional Fund Advisors LP now owns 19,323,789 shares of the company’s stock worth $303,771,000 after purchasing an additional 1,701,624 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Conagra Brands during the second quarter valued at $47,815,000. Wilsey Asset Management Inc. lifted its position in Conagra Brands by 2.1% during the first quarter. Wilsey Asset Management Inc. now owns 2,248,373 shares of the company’s stock valued at $35,344,000 after buying an additional 45,721 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of Conagra Brands by 51.7% during the 1st quarter. Quantinno Capital Management LP now owns 2,162,412 shares of the company’s stock valued at $33,993,000 after buying an additional 737,120 shares in the last quarter. 83.75% of the stock is owned by institutional investors.

Conagra Brands Price Performance

NYSE CAG opened at $14.88 on Friday. Conagra Brands has a one year low of $12.53 and a one year high of $20.32. The stock has a 50-day moving average of $14.84 and a 200 day moving average of $14.39. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.39 and a current ratio of 1.10. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of -3.74 and a beta of 0.02.

Conagra Brands (NYSE:CAG – Get Free Report) last posted its earnings results on Wednesday, September 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.13. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Conagra Brands had a negative net margin of 16.95% and a positive return on equity of 11.46%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, sell-side analysts forecast that Conagra Brands will post 1.46 EPS for the current year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 5th will be issued a dividend of $0.1750 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, November 5th. Conagra Brands’s dividend payout ratio is presently -17.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays dropped their price objective on shares of Conagra Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. UBS Group lifted their target price on shares of Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Conagra Brands in a research report on Tuesday, September 22nd. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Conagra Brands from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $14.07.

View Our Latest Analysis on Conagra Brands

Conagra Brands Profile

(Free Report)

Conagra Brands, Inc is a packaged food company that develops, manufactures and markets branded food products for retail, foodservice and other commercial customers. The company’s portfolio includes frozen meals and side dishes, snacks, refrigerated foods, shelf-stable groceries, condiments and cooking products.

Its brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Hunt’s, Slim Jim, Orville Redenbacher’s, Chef Boyardee, Hebrew National, Vlasic and PAM.