Conagra Brands Inc vs VanEck Australian Floating Rate ETF — how do they compare? Conagra Brands Inc trades at $14.93 (market cap $7.14B), while VanEck Australian Floating Rate ETF trades at $50.93. The key difference: Conagra Brands Inc pays a 8.2% dividend while VanEck Australian Floating Rate ETF pays none, and VanEck Australian Floating Rate ETF is trading nearer its 52-week high, Conagra Brands Inc nearer its low. Which is the better fit depends on your goals.
| CAG | FLOT | |
|---|---|---|
Market Cap | $7.14B | — |
Sector | Consumer Staples | Sector/Thematic |
52-Week High | $20.02 | $51.09 |
52-Week Low | $12.58 | $50.72 |
Enterprise Value | $14.20B | — |
Dividend Yield | 8.2% | — |
Trailing returns across standard periods
Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of revenue and profits). It has a significant presence in the freezer aisle, with brands such as Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Other popular brands include Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. While the majority of revenue is sold into the U.S. retail channel, 9% of fiscal 2022 sales were to the food-service channel, down from 11% in fiscal 2019 due to the pandemic.
Read more on CAG →FLOT provides exposure to a diversified portfolio of Australian dollar-denominated floating rate notes. It tracks the Bloomberg AusBond Credit FRN 0+ Yr Index, focusing on high-quality, investment-grade bonds from top Australian banks and financial institutions.
Read more on FLOT →