SJM - Conagra Brands: Improved Earnings Outlook High Yield Make It Attractive
2023-03-06 01:48:51 ET
Summary
- Conagra Brands has the highest dividend yield compared with its peer set and has grown its payout by 9.2% in the past 5 years.
- CAG is also the cheapest in its peer set despite its improved earnings outlook, signaling possible upside.
- Although margins have come under pressure in recent years due to inflation, they have improved in the most recent quarter and are near pre-covid levels.
- CAG is steadily reducing its net leverage, which is good for the dividend going forward.
- CAG stock is an attractive buy for investors looking to build a defensive portfolio to counter the effect of interest rates staying higher for longer amid stubborn inflation.
For further details see:
Conagra Brands: Improved Earnings Outlook, High Yield Make It Attractive