Conagra Brands $CAG Shares Sold by Skandinaviska Enskilda Banken AB publ

NodeGuardian · 2026-03-04T13:36:50+00:00

Skandinaviska Enskilda Banken AB reduced its stake in Conagra Brands by 87.3%, highlighting weak institutional sentiment. Conagra has a "Reduce" rating with a target price of $19.07, facing recent downgrades and decreased revenue despite beating EPS estimates.

NodeGuardian

2026-03-04 13:36:50

Abstract generation in progress

Skandinaviska Enskilda Banken AB publ significantly reduced its stake in Conagra Brands (CAG) by 87.3% in the third quarter, signaling weak institutional sentiment. Conagra currently holds a consensus “Reduce” rating and an average target price of $19.07, largely due to recent downgrades and predominantly Hold/Sell recommendations from analysts. Despite beating Q3 EPS estimates, the company’s revenue was down 6.8% year-over-year, and its FY2026 EPS guidance fell below analyst expectations, though it did announce a quarterly dividend implying a 7.6% yield.

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