2024-04-12 11:30:10 ET
Summary
- Conagra is a long-standing company in the consumer packaged food industry with iconic American brands.
- The company is well-positioned to capitalize on the growing demand for processed food and modern food processing technology.
- CAG has a favorable valuation, strong profitability, and a high forward yield, making it a promising addition to my Yield at a Reasonable Price (YARP) dividend stock portfolio.
As a fan of baseball history, I could not ignore the connection. A company I know as a leader in its industry, deep into a cultural transition that started nearly a decade ago, and which checks off all the boxes I require to have a stock as part of my Yield At a Reasonable Price (YARP) dividend stock portfolio. But the sports fan in me saw something else. While it is not directly impactful on my Buy rating on Conagra Brands, Inc. ( CAG ), the irony wasn't lost on me....
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For further details see:
Conagra: Not Too Old To Make My Dividend Stock List, Buy Rating