Conagra shares drop 22% YTD amid operational struggles and uncertain growth outlook

Conagra Brands faces ongoing operational and strategic challenges, causing its shares to fall 22% year-to-date despite a sector rally and a new CEO appointment. The company's 10.4% dividend yield is currently supported by operating cash flow, but its long-term sustainability is doubtful without a clear growth or innovation plan. Organic growth is inconsistent, driven more by pricing than volume, while margins suffer from commodity inflation and tariffs. Without a transformative strategy and with a shrinking portfolio, Conagra is not an attractive yield investment, prompting investors to consider other consumer staples options.