5 Cheapest Stocks with Highest Dividends

2. Conagra Brands, Inc. (NYSE:CAG)

Dividend Yield as of April 4: 8.91%

Share Price as of the Close of April 2: $15.72

Forward P/E Ratio: 8.53

On April 2, Evercore ISI lowered its price recommendation on Conagra Brands, Inc. (NYSE:CAG) to $18 from $19. It reiterated an In Line rating on the shares. The firm said Conagra is putting more emphasis on cash flow and protecting profits. Organic sales trends have started to improve, but FY27 earnings power is “still feeling the squeeze” from input cost inflation and a weaker contribution from Ardent Mills.

On the same day, RBC Capital also reduced its price goal on Conagra to $17 from $20 and kept a Sector Perform rating. The firm said the company delivered a fairly straightforward Q3. Organic sales growth came in slightly ahead of expectations, even as underlying consumption remained soft and the operating backdrop stayed challenging. The analyst pointed to modest volume growth, some share gains, and strong performance in snacks and frozen categories as key drivers.RBC noted that cost pressures could increase if geopolitical tensions persist.

Conagra Brands, Inc. (NYSE:CAG) is a branded food company. It operates across Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment includes branded, shelf-stable food products sold across retail channels in the United States.