Jenny Harrington, CEO, Gilman Hill Asset ManagementConAgra FoodsCAGBUYDec 27, 2024
A dividend pick for 2025. Is down a lot from their highs. A contrarian play. It pays around a 5% dividend yield. It trades at a reasonable valuation and offers decent earnings growth in 2025 of 5-7%. Collect the dividend and enjoy a little capital appreciation on top. You won't shoot the lights out, but you can relax with this steady earner.
Trading at 8.5x 2027 PE. Managed well with a great product line. They could report a crummy quarter and shares could still do well next week. She will sell on a nice pop.
They report Wednesday. Their 7.7% dividend is too high, suspicious. They make money with their solid brands, but the street is looking for down earnings. The only thing to reverse their brutal stock slide is an upside surprise.
Margins aren't good among many problems. A company that has to answer on a conference call whether that they problem they can pay the dividend of not is not a buy.
They reported a weak quarter with top and bottom line misses and sales won 4%, but the company warned earlier of a weak quarter and reaffirmed their full-year forecast. Shares sank 8% today.
They just posted mixed numbers in their last quarter with slightly lower organic growth, but margins were strong. Therefore, they beat earnings by 12 cents. Raised earnings forecast. Their price increases haven't hurt profits. Shares rallied today.
Last week, they delivered a big top and bottom line beat, 8.6% organic growth (the street expected 6.3%) and strong guidance. Alot came from higher prices to offset lower volumes. They boast strong brands in the U.S. in packaged foods. Is recession proof.
They report Thursday. They have a lot of good brands that are getting better. Pays a 3.5% yield. There remains a lot of snacking because people are still working from home.
(A Top Pick Jul 15/21, Down 3.2%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with CAG has triggered its stop at $33. To remain disciplined, we recommend covering the position at this time.
(A Top Pick Jul 15/21, Up 3.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with CAG is progressing well. We now recommend trailing up the stop (from $30) to $33.
A dividend pick for 2025. Is down a lot from their highs. A contrarian play. It pays around a 5% dividend yield. It trades at a reasonable valuation and offers decent earnings growth in 2025 of 5-7%. Collect the dividend and enjoy a little capital appreciation on top. You won't shoot the lights out, but you can relax with this steady earner.