Conagra Brands $CAG Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management cut its Conagra stake by 55.9% in Q3, selling 144,696 shares and retaining 114,191 shares valued at about $2.09 million, while institutional investors own roughly 83.75% of the stock.
• Analyst sentiment is muted-to-negative: the consensus rating is "Reduce" with a consensus price target of $19.07, and several firms recently lowered targets to the $18–$20 range despite some mixed ratings.
• Conagra trades near $18.85 (12‑mo range $15.96–$28.51) with a $9.0B market cap; recent results showed a slight EPS beat but a 6.8% revenue decline and a negative net margin, and the company pays a $0.35 quarterly dividend (≈7.4% yield) while guiding FY2026 EPS to $1.70–$1.85.

TD Asset Management Inc trimmed its stake in Conagra Brands (NYSE:CAG - Free Report) by 55.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 114,191 shares of the company's stock after selling 144,696 shares during the period. TD Asset Management Inc's holdings in Conagra Brands were worth $2,091,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. NewEdge Advisors LLC increased its stake in Conagra Brands by 4.2% during the first quarter. NewEdge Advisors LLC now owns 23,541 shares of the company's stock worth $628,000 after purchasing an additional 954 shares during the period. United Services Automobile Association acquired a new stake in Conagra Brands during the 1st quarter worth approximately $225,000. Empowered Funds LLC boosted its position in Conagra Brands by 5.9% in the 1st quarter. Empowered Funds LLC now owns 36,356 shares of the company's stock valued at $970,000 after buying an additional 2,038 shares during the period. Woodline Partners LP grew its stake in shares of Conagra Brands by 40.7% in the first quarter. Woodline Partners LP now owns 40,326 shares of the company's stock worth $1,075,000 after acquiring an additional 11,664 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Conagra Brands by 3.9% during the second quarter. Teacher Retirement System of Texas now owns 72,495 shares of the company's stock worth $1,484,000 after acquiring an additional 2,714 shares during the period. Hedge funds and other institutional investors own 83.75% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CAG. Sanford C. Bernstein lowered their target price on Conagra Brands from $21.00 to $18.00 and set a "market perform" rating for the company in a research note on Monday, December 22nd. Royal Bank Of Canada decreased their target price on Conagra Brands from $22.00 to $20.00 and set a "sector perform" rating for the company in a research report on Monday, December 22nd. Wall Street Zen raised Conagra Brands from a "sell" rating to a "hold" rating in a research report on Saturday, February 21st. Morgan Stanley restated an "overweight" rating on shares of Conagra Brands in a research report on Wednesday, February 18th. Finally, TD Cowen reiterated a "hold" rating on shares of Conagra Brands in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $19.07.

Conagra Brands Price Performance

NYSE:CAG opened at $18.85 on Thursday. Conagra Brands has a 12-month low of $15.96 and a 12-month high of $28.51. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of -85.66 and a beta of -0.02. The company's 50-day moving average is $18.13 and its two-hundred day moving average is $18.16. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings data on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The company's quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Research analysts expect that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th were issued a $0.35 dividend. The ex-dividend date was Tuesday, January 27th. This represents a $1.40 annualized dividend and a yield of 7.4%. Conagra Brands's payout ratio is -636.36%.

About Conagra Brands

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra's product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender's and Banquet in the frozen foods category, as well as Hunt's sauces, Orville Redenbacher's popcorn, Slim Jim meat snacks and Reddi-wip toppings.

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