In 2025, the consumer staples sector has dropped 7.5% while the S&P 500 has climbed 18%. Big packaged food names like General Mills and Kraft Heinz are down 27% and 22%, respectively, due to inflation and changing shopping habits. Investors seeking steady income are eyeing Conagra Brands, which pays out $1.40 per share annually with an 8.18% yield – nearly seven times the S&P 500. Despite recent stock declines, analysts are interested in Conagra’s strong brands and reliable dividend.

Conagra Brands, a major U.S. packaged foods company, has seen its stock drop 40% over the past year and currently offers an 8.19% annual dividend yield. Recent financial results show pressure in the near term but signs of discipline, with net sales falling 5.8% and adjusted EPS down 26.4%. The company is focusing on balance sheet health and sustainability efforts, such as integrating fuel cell technology and phasing out artificial colors from its products.

For fiscal 2026, Conagra expects flat to down 1% organic net sales and adjusted operating margins between 11.0 to 11.5 percent, with adjusted earnings per share forecasted at $1.70 to $1.85. Analysts have a mixed outlook on the stock, with Morgan Stanley and UBS maintaining “Hold” ratings with price targets of $21 and $19, respectively. Overall, the consensus rating for Conagra is “Hold” with an average price target of $20.53, suggesting about 20% upside potential.

Read more at Barchart: This Dividend Stock Yields More Than 8% and Analysts Say You Can ‘Count on It’ Here