CAG - Conagra Brands: Buy This Recession-Resilient Bargain For A 5% Yield
2024-07-12 01:00:26 ET
Summary
- Conagra Brands owns well-known food brands and offers private label products sold in major grocery stores.
- Recent decline in Conagra shares presents a potential buying opportunity, especially in anticipation of a recession.
- Conagra's dividend yield of 5%, low price to earnings ratio, and potential for capital gains make it an attractive investment option for 2024.
Conagra Brands ( CAG ) is a manufacturer of food products and it owns many well-known brands which include household names like: Duncan Hines, Gardein, Swiss Miss, Healthy Choice, Log Cabin, Slim Jim, Hebrew National, Wesson, Hunt's, Orville Redenbacher's, Chef Boyardee, Libby's, Jiffy Pop, Mrs. Butterworth's, and more. It also offers private label foods which are sold by major grocery stores. My last article on Conagra was way back in 2014, and I suggested it was worth buying after a sharp pullback over an earnings miss. Back then it yielded about 3.5%, and today (thanks to increases in the dividend) it yields around 5%....
Conagra Brands: Buy This Recession-Resilient Bargain For A 5% Yield