Vanguard Capital Management (CAG) discloses 25.3M-share beneficial stake in Conagra

Rhea-AI Filing Summary

Vanguard Capital Management filed an amended Schedule 13G reporting beneficial ownership of Conagra Brands Inc common stock. Vanguard reports beneficial ownership of 25,308,895 shares of Conagra, representing 5.28% of the outstanding common stock.

Vanguard has sole voting power over 3,744,650 shares and sole dispositive power over all 25,308,895 shares, with no shared voting or dispositive power. The position aggregates holdings managed by Vanguard Capital Management LLC and certain affiliated entities and funds; no single other person has an interest in more than 5% of the class through these holdings.

Key Figures

Beneficially owned shares: 25,308,895 shares Percent of class: 5.28% Sole voting power: 3,744,650 shares +3 more

6 metrics

Beneficially owned shares 25,308,895 shares Conagra Brands Inc common stock reported as beneficially owned by Vanguard Capital Management

Percent of class 5.28% Portion of Conagra Brands Inc common stock class beneficially owned by Vanguard Capital Management

Sole voting power 3,744,650 shares Shares of Conagra Brands Inc over which Vanguard Capital Management has sole voting power

Shared voting power 0 shares Shares of Conagra Brands Inc over which Vanguard Capital Management has shared voting power

Sole dispositive power 25,308,895 shares Shares of Conagra Brands Inc over which Vanguard Capital Management has sole dispositive power

Shared dispositive power 0 shares Shares of Conagra Brands Inc over which Vanguard Capital Management has shared dispositive power

Key Terms

beneficially owned, dispositive power, voting power, Schedule 13G, +1 more

5 terms

beneficially owned financial

"this reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

dispositive power financial

"Sole power to dispose or to direct the disposition of: 25308895"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

voting power financial

"Sole power to vote or to direct the vote: 3744650"

Voting power is the ability shareholders have to influence a company's major decisions—like electing the board, approving mergers, or changing corporate rules—based on the voting rights attached to the shares they hold. For investors it matters because greater voting power is like holding more keys to a building: it gives you a stronger say over management choices and the company’s strategy, which can affect future value and risk.

Schedule 13G regulatory

"In accordance with SEC Release No. 34-39538 ... reflected in this Schedule 13G filing"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

percent of class financial

"Percent of class: 5.28 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What percentage of Conagra Brands Inc (CAG) shares does Vanguard Capital Management own?

Vanguard Capital Management reports beneficial ownership of 5.28% of Conagra Brands Inc common stock, representing 25,308,895 shares as disclosed in the amended Schedule 13G filing.

How many Conagra Brands Inc (CAG) shares does Vanguard Capital Management control voting for?

Vanguard Capital Management has sole voting power over 3,744,650 shares of Conagra Brands Inc and no shared voting power, according to the ownership breakdown in the filing.

What is Vanguard Capital Management’s dispositive power over Conagra Brands Inc (CAG) shares?

Vanguard Capital Management has sole dispositive power over 25,308,895 shares of Conagra Brands Inc and no shared dispositive power, meaning it can decide how all these shares are disposed of.

Which entities are included in Vanguard’s beneficial ownership of Conagra Brands Inc (CAG)?

The reported holdings include securities beneficially owned by Vanguard Capital Management LLC and affiliates such as Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC, and Vanguard Investments Australia Ltd.

Does any other person hold more than 5% indirect interest through Vanguard’s Conagra Brands Inc (CAG) position?

No. The filing states that while Vanguard-managed funds and accounts have rights to dividends and sale proceeds, no one other person's interest exceeds 5% of the Conagra Brands Inc common stock class.

What type of filing did Vanguard make regarding Conagra Brands Inc (CAG)?

Vanguard filed an Amendment No. 1 to Schedule 13G, a beneficial ownership report used by institutional investors holding more than 5% of a public company’s equity securities without seeking control.

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)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 205887102

1

Names of Reporting Persons

Vanguard Capital Management

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,744,650.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 25,308,895.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

25,308,895.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.28 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power. This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Conagra Brands Inc
(b)	Address of issuer's principal executive offices: 222 West Merchandise Mart Plaz, Suite 1300, Chicago, IL, 60654
Item 2.
(a)	Name of person filing: Vanguard Capital Management
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 205887102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 25308895
(b)	Percent of class: 5.28 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3744650
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 25308895
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Vanguard Capital Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Vanguard Capital Management

Signature:	My Trieu-Gatt
Name/Title:	Authorized Signatory, Head of Global Fund Administration
Date:	07/31/2026