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
€139.72
-3.080%
The stock is one of the favorites of our community with 24 Buy predictions and 3 Sell predictions.
With a target price of 142 € there is a slightly positive potential of 1.63% for PepsiCo Inc. compared to the current price of 139.72 €.
