BlackRock Amends Conagra Brands Stake, Passive Investment Confirmed

TL;DR

**BlackRock still owns Conagra stock, but they're not trying to run the show.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of CONAGRA BRANDS INC. common stock as of December 31, 2023. This filing indicates a passive investment, meaning BlackRock is not seeking to influence management. For investors, this shows a major institutional investor maintains a position in Conagra, which can be a sign of confidence, but the specific percentage of ownership is not detailed in the provided text, making it hard to assess the exact impact.

Why It Matters

This filing confirms BlackRock, a major institutional investor, holds a significant, albeit passive, stake in Conagra Brands, signaling continued institutional confidence in the company.

Risk Assessment

Risk Level: low — This filing is routine and indicates a passive investment by a large institutional holder, posing minimal immediate risk to shareholders.

Analyst Insight

An investor should note that BlackRock's continued passive stake suggests stability but should look for the full filing to determine the exact percentage of ownership and any changes from previous filings to gauge BlackRock's evolving conviction.

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• CONAGRA BRANDS INC. (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 25, 2024 (date) — the filing date of the SC 13G/A

FAQ

From the Filing

0001086364-24-003341.txt : 20240125 0001086364-24-003341.hdr.sgml : 20240125 20240125134855 ACCESSION NUMBER: 0001086364-24-003341 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONAGRA BRANDS INC. CENTRAL INDEX KEY: 0000023217 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 470248710 STATE OF INCORPORATION: DE FISCAL YEAR END: 0526 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-30276 FILM NUMBER: 24561114 BUSINESS ADDRESS: STREET 1: 222 W. MERCHANDISE MART PLAZA STREET 2: SUITE 1300 CITY: CHICAGO STATE: IL ZIP: 60654 BUSINESS PHONE: 312-549-5000 MAIL ADDRESS: STREET 1: 222 W. MERCHANDISE MART PLAZA STREET 2: SUITE 1300 CITY: CHICAGO STATE: IL ZIP: 60654 FORMER COMPANY: FORMER CONFORMED NAME: CONAGRA FOODS INC /DE/ DATE OF NAME CHANGE: 20001006 FORMER COMPANY: FORMER CONFORMED NAME: CONAGRA INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NEBRASKA CONSOLIDATED MILLS CO DATE OF NAME CHANGE: 19721201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us2058871029_012524.txt us2058871029_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) CONAGRA BRANDS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 205887102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 205887102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 39394106 (6) Shared voting power 0 (7) Sole dispositive power 42882685 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 42882685 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 9.0% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- CONAGRA BRANDS INC Item 1(b) Address of issuer's principal executive offices: ---------