Conagra Brands Inc – Packaged Foods Sector Stocks
In investing, there is a concept known as risk-on and risk-off. Risk on means investors is confident of investing in what are considered to be riskier assets. They also tend to offer a higher return. Risk-on behavior is common when the economy is going strong, and there are no major headwinds. Risk-off happens when something like a pandemic hits or a financial crisis. Risk-off means that investors cut down on their riskier bets and move towards safer options. These options can include healthcare, consumer staples, and bonds. Among consumer staples, food stocks are one option that investors look to. With the news of the new Omicron variant spreading to multiple countries, there could be some risk-off behavior among investors in the future. So, if you are on the lookout for the top food stocks of 2021, then companies like Conagra Brands could be a possibility.
Conagra Brands Financials And General Info
Conagra Brands had total revenues of more than $13 billion in 2012. That number rose to $15.8 billion by 2015 before falling down. 2016, 2017, and 2018 were down years for the company, and its revenue went down to $7.9 billion before rising again in 2021 to $11 billion. However, the net income has grown significantly as compared to 2012. Back then, it was around $467 million. That number has risen to almost $1.3 billion in 2021. Conagra has paid a dividend of around $1 per share every year during the past decade. The payout ratio has also remained quite conservative at around 40%-55% during recent years. If you are looking for well-established packaged foods sector stocks, then Conagra Brands may be of interest to you.
Top Food Stocks Of 2021
Conagra Brands’ stock last traded on 26th November 2021 for $31.6. The ticker symbol of the stock is CAG, and it is listed on the New York stock exchange. On a 1-year basis, the stock is down 13% as of 26th November 2021. Even on a 5-year basis, the stock is down 14%. So, there has been plenty of sideways movements in recent times.