Vanguard Group Inc. reduced its stake in Conagra Brands (NYSE:CAG) by 2.9% in Q3, selling over 1.7 million shares but still holding approximately 12.46% of the company. Despite a consensus “Reduce” rating from analysts and several price target reductions, Conagra Brands announced a $0.35 quarterly dividend, representing a 7.6% yield, even with negative margins. The company reported better-than-expected Q3 EPS but noted a 6.8% year-over-year revenue decline.
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Vanguard Group Inc. Decreases Stake in Conagra Brands $CAG
Vanguard Group Inc. reduced its stake in Conagra Brands (NYSE:CAG) by 2.9% in Q3, selling over 1.7 million shares but still holding approximately 12.46% of the company. Despite a consensus “Reduce” rating from analysts and several price target reductions, Conagra Brands announced a $0.35 quarterly dividend, representing a 7.6% yield, even with negative margins. The company reported better-than-expected Q3 EPS but noted a 6.8% year-over-year revenue decline.