Franklin Resources Inc. Decreases Holdings in Conagra Brands, Inc.

April 13, 2025 01:44 AM PDT | By Team Kalkine Media

Franklin Resources Inc. Decreases Holdings in Conagra Brands, Inc. — Image source: Shutterstock

Institutional Stake Changes

Conagra Brands, Inc. (NYSE:CAG), a key player in the consumer packaged goods industry, has experienced notable shifts in its institutional investment landscape. During the fourth fiscal quarter, Franklin Resources Inc. reported a reduction in its holdings by 17.7%. This adjustment reduced their stake to 103,172 shares, valued at approximately $2.86 million according to the latest filings with the Securities and Exchange Commission.

In contrast, other institutional entities have shown increased interest in Conagra. Brookstone Capital Management raised its holdings by 18.4%, while the State of Alaska Department of Revenue boosted its position by 41%. Similarly, Nordea Investment Management AB expanded its stake by 5.3%. Collectively, institutional investors hold 83.75% of Conagra's outstanding shares, highlighting their substantial influence in shaping the company’s direction.

Market Performance and Financial Overview

Conagra Brands’ stock has demonstrated modest growth, with a recent increase of 1.9%, opening at $25.97 during a Friday session. The company’s market performance has shown a degree of stability, reflected by a beta of 0.27, indicating less volatility in comparison to the broader market. The stock’s 52-week range fluctuated between $23.06 and $33.24, signaling some variation in performance over the past year.

Conagra Brands posted a quarterly revenue of $2.84 billion, marking a decline of 6.3% compared to the previous year. Despite this dip, the company remains robust with a return on equity of 13.76%. Its operational structure spans multiple segments including Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice, allowing it to maintain a diverse revenue base.

Dividend Strategy and Recent Announcements

Conagra Brands continues to prioritize shareholder returns through its dividend policy. The company recently announced a quarterly dividend of $0.35 per share, set to be paid on May 29th. The ex-dividend date is April 28th, and this dividend represents an annualized yield of 5.39%. The decision reflects the company’s ongoing commitment to distribute capital to its stakeholders, reinforcing its dividend strategy.

About Conagra Brands

Conagra Brands, Inc. operates as a leading player in the consumer packaged goods sector, primarily catering to the United States market. The company’s offerings span a wide range of food products across multiple segments, including packaged goods, frozen foods, and snacks. Through its diverse portfolio, Conagra remains committed to delivering quality products through various retail and foodservice channels.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.