10 Best Alternative Meat Stocks to Invest In

5. Sysco Corporation (NYSE:SYY)

Number of Hedge Fund Holders: 37 

Sysco Corporation (NYSE:SYY) distributes food and related products. The company offers a range of alternative meat products under the Sysco Simply brand, catering to the growing demand for plant-based options. Some of these include meatless burger patties made from non-GMO soy, plant-based ground bulk, and plant-based meatballs. The firm is one of the most stable food stocks in the US. It has a dividend payout record stretching back more than five decades in a sector where the median value for this is just fourteen years. For the last eight years, this payout has registered consistent growth, compared to the two year growth average for the rest of the industry.

Sysco Corporation (NYSE:SYY) recently declared a quarterly dividend of $0.51 per share, in line with previous. The forward yield was 2.69%. In earnings for the fourth quarter of this fiscal year, the firm beat market expectations on earnings per share and revenue by $0.01 and $50 million respectively. Following the results, Barclays raised the price target on the shares to $88 from $85 and maintained an Overweight rating.