Cullen Capital Management, LLC (SCCM) released its third-quarter investor letter, reporting a 0.9% (net) return for its SCCM Enhanced Equity Income Fund. US equities saw gains, with the S&P 500 up 8.1% and the Russell 1000 Value up 5.3%. Top 5 holdings for 2025 can be found in the letter, with Conagra Brands, Inc. among them.

Conagra Brands, Inc. (NYSE:CAG) experienced a one-month return of -1.11% and a 37.78% loss over the last 52 weeks. As of December 4, 2025, Conagra Brands, Inc. (NYSE:CAG) closed at $16.95 per share, with a market capitalization of $8.108 billion. SCCM Enhanced Equity Income Fund highlighted Conagra Brands, Inc. (NYSE:CAG) in its Q3 2025 investor letter, stating reasons for selling its position in the company.

According to SCCM Enhanced Equity Income Fund’s investor letter, Conagra Brands, Inc. (NYSE:CAG) faced challenges in the food industry despite an attractive valuation. The frozen food category, a significant portion of CAG’s sales, struggled with competition and declining volumes. The dividend payout ratio of 80% versus the target of 50-55% puts the dividend at risk.

Conagra Brands, Inc. (NYSE:CAG) is not among the 30 Most Popular Stocks Among Hedge Funds, with 34 hedge fund portfolios holding the stock at the end of Q3. While acknowledging potential, SCCM sees greater upside potential and less downside risk in certain AI stocks. For those seeking an undervalued AI stock benefiting from tariffs and onshoring, a free report on the best short-term AI stock is available.

Read more at Yahoo Finance: SCCM Enhanced Equity Income Fund Sold Conagra (CAG) in Q3