Is Conagra Brands a Good Investment?

PHOTO CREDIT: Conagra Brands

OVERVIEW

Conagra Brands Incorporation is a company based in the United States. The company designs, manufactures, and distributes food products around the world. The company manufactures an assortment of sauces, toppings, snacks, and many other products under the Birds Eye, Duncan Hines, Healthy Choice, and many other brands and products. The company was founded in 1919.

Why You Should?

  1. Conagra Brands is a great reopening play in an investor’s portfolio. The company saw some growth and demand for its commercial products fall as the pandemic shut down restaurants and other large venues. However, once this pandemic comes to an end, the company will see strong demand across all of its product categories return.

Why You Should Not?

  1. The company faces tough competition in the food industry. Some of these competitors include General Mills, Campbell Soup Company, Hershey’s, Hormel Foods, and many others. This competition might hurt the company and its investors in the future.

MY OPINION

I think that Conagra Brands is a decent long-term investment due to its position as a good reopening play, positive impacts from the pandemic, a wide range of well-known products, a good dividend play, as well as its position as a safe investment option. However, tough competition and negative impacts from supply chain issues might hurt the company and its investors in the future.