Varma Mutual Pension Insurance Co Lowers Position in Conagra Brands $CAG

Varma Mutual Pension Insurance Co decreased its stake in Conagra Brands by 20.4% in the third quarter, selling 83,100 shares and ending with 325,200 shares valued at approximately $5.95 million. Despite Conagra slightly beating EPS estimates with $0.45, revenue declined by 6.8% year-over-year to $2.98 billion, and the company posted a negative net margin. Analysts have an average “Reduce” rating for Conagra with a target price of $18.86, and the company declared a quarterly dividend of $0.35, representing a 7.1% annualized yield.