
NYSE:CAG
This summary was created by AI, based on 3 opinions in the last 12 months.
ConAgra Foods (CAG-N) is currently facing mixed opinions among experts. While one review praises its solid management and product line, suggesting that the stock can still perform well even with a disappointing earnings report, other reviews express concern about the high 7.7% dividend yield, questioning its sustainability. The overarching sentiment indicates that the company's growth prospects are lacking, and the street is anticipating a decline in earnings. There is speculation that the only way to halt the recent decline in stock price is through an unexpected positive earnings report. Overall, the high dividend yield is viewed with skepticism, hinting at potential risks associated with the company’s financial performance and growth trajectory.
He bets their frozen food sales are strong because of stay-at-homers, but it yields only 2.4% and is cheaper than peer Pepsico. He's on the sidelines because it lacks longer-term consistency. They report Thursday.
Arguably one of the leaders in the tier 2 brands. Made a huge acquisition in 2012, which hasn’t worked out well. Have had several write-downs since then because of that, and have had to reduce prices to increase sales. As a result, margins have been hammered. Over the last year or so, the stock has done quite well because a private equity firm stepped in. The company has indicated 10% year-over-year EPS growth over the next 3 years. Not a bad time to start some buying, but be careful in the short term. The stock had a considerable run up, and on a valuation basis it is not cheap. As a buyer, take a half position and wait for a pullback.