10 Best Alternative Meat Stocks to Invest In

6. Performance Food Group Company (NYSE:PFGC)

Number of Hedge Fund Holders: 42 

Performance Food Group Company (NYSE:PFGC) markets and distributes food and food-related products in the United States. The company has a healthy alternative meat portfolio, with popular plant-based brands such as Beyond Meat, Impossible Foods, and Gardein featuring in stores across the US. These products are widely used in foodservice operations, including restaurants and institutional dining, to offer customers meat-free options that closely mimic the taste and texture of traditional meat.

Performance Food Group Company (NYSE:PFGC) recently announced the purchase of Cheney Brothers, a Florida-based food distributor, for $2.1 billion. The deal will help expand the geographic reach of the firm, as the distribution footprint of the latter in key geographies enhances the existing distribution platform and overall density of the former.