Why Did Allspring Global Investments Reduce Its Stake in Conagra Brands (NYSE:CAG)?

February 18, 2025 03:19 AM PST | By Team Kalkine Media
 Why Did Allspring Global Investments Reduce Its Stake in Conagra Brands (NYSE:CAG)?
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Highlights

  • Allspring Global Investments Holdings LLC decreased its stake in Conagra Brands, Inc. (NYSE:CAG) by nearly nineteen percent during the fourth quarter.

  • Several institutional investors and hedge funds have adjusted their holdings in the company, with both new acquisitions and reductions.

  • Conagra Brands continues to attract a significant level of institutional ownership, with hedge funds and other institutional investors controlling over eighty percent of its stock.

Institutional Activity in Conagra Brands

Allspring Global Investments Holdings LLC recently reported a decrease in its stake in Conagra Brands, Inc. Based on the latest Form 13F filing with the Securities and Exchange Commission, the firm sold over one hundred thousand shares in the fourth quarter. This reduction left Allspring Global Investments with approximately four hundred fifty-six thousand shares, equating to a small percentage of the company’s total shares.

Other institutional investors and hedge funds have made similar adjustments to their positions in Conagra Brands. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in the company during the fourth quarter. Similarly, Grove Bank & Trust significantly increased its stake in Conagra Brands by acquiring additional shares. The firm now owns over one thousand shares following an increase of more than four hundred shares in the last quarter.

Changes in Institutional Holdings

Stonebridge Financial Group LLC also expanded its position by making a new purchase of Conagra Brands stock. Another addition came from Abich Financial Wealth Management LLC, which entered a new position in the company during the third quarter. Meanwhile, ST Germain D J Co. Inc. strengthened its position in Conagra Brands, increasing its total shares by more than five hundred in the fourth quarter.

Despite some reductions in ownership, hedge funds and institutional investors continue to hold a substantial portion of Conagra Brands’ stock. Current estimates indicate that such investors collectively own more than eighty-three percent of the company’s shares. These figures highlight the strong presence of institutional ownership in the company.

Conagra Brands’ Market Presence

Conagra Brands operates within the packaged foods sector, manufacturing and distributing a wide range of food products. The company owns a diverse portfolio of well-known brands in frozen, refrigerated, and shelf-stable categories. It remains a key player in the consumer goods industry, supplying products to grocery stores, convenience outlets, and foodservice providers.

In addition to institutional movements, the company has maintained a steady presence in the market, with ongoing product innovations and strategic developments. The company’s ability to navigate the evolving food industry landscape continues to draw interest from various investors.

Outlook for Institutional Ownership

Institutional investors regularly adjust their portfolios based on various factors, including market conditions and strategic priorities. Recent filings indicate a mix of increased and decreased positions among different firms. While some firms have reduced their holdings, others have either initiated or expanded their positions in Conagra Brands, reinforcing its position as a widely held stock within the packaged foods industry.

With consistent activity from hedge funds and investment firms, Conagra Brands remains an important entity in the consumer food sector. As portfolio shifts continue, institutional involvement will likely remain a key aspect of the company’s stock performance over time.

 


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