ConAgra is still a value investor's dream

Key PointsConAgra is a major manufacturer of packaged and frozen foods selling under iconic brands like Birds Eye, Slim Jim, Vlasic, Reddi-wip, and Orville Redenbacher. It produced its sixth consecutive earnings beat with its fiscal first-quarter 2024 earnings release.ConAgra shares fell 26.19% in 2023 but could see a rebound in consumer consumption as disposable income improves with interest rate cuts in 2024.ConAgra stock trades at 10.7X forward earnings and pays a 4.9% annual yield.5 stocks we like bette ...