Earnings
Conagra Brands $CAG Shares Sold by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company significantly reduced its stake in Conagra Brands (CAG) by 68.5% in the second quarter, selling 340,435 shares. Despite this, institutional investors and hedge funds still collectively own 83.75% of CAG. Conagra reported quarterly EPS of $0.47, exceeding estimates, with revenue up 3.6% year over year, and analysts maintain a consensus "Reduce" rating on the stock, which offers a 4.8% annualized dividend yield.