35% Stock Sell-Off: Should You Buy the Dip?
Shares of Conagra Brands (NYSE: CAG) have entered their own bear market, down more than 35% from their 52-week highs. That drop has pushed the dividend yield up to an eye-catching 8.2%. Before you buy the dip, consider a few facts about the company's business.
Conagra is a packaged food company that owns brands including Slim Jim, Healthy Choice, and Duncan Hines. Although many of the brands the company owns are fairly well known, few are true category leaders. That's not a terrible thing, given that (NASDAQ: PEP) isn't the leading cola brand and is still a highly profitable company. However, Conagra isn't hitting on all cylinders right now.
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Source Fool.com
PepsiCo Inc. Stock
€143.38
-0.180%
Currently there is a rather positive sentiment for PepsiCo Inc. with 18 Buy predictions and 4 Sell predictions.
However, we have a potential of -1.66% for PepsiCo Inc. as the target price of 141 € is below the current price of 143.38 €.
