10 Best Alternative Meat Stocks to Invest In

4. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 43      

The Kraft Heinz Company (NASDAQ:KHC) manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. The company has made a name for itself in the alternative meats business through the BOCA brand, which is well-known in the plant-based food sector. Some of the products include veggie burgers made from soy protein, chicken patties made from soy, and vegan burgers designed to mimic the taste of beef. In addition to these products, Kraft Heinz has also been expanding into other plant-based and alternative protein markets, including partnerships and new product developments under the Heinz brand, such as plant-based hot dogs.

The Kraft Heinz Company (NASDAQ:KHC) is viewed cautiously on Wall Street. Barclays recently raised the price target on the stock to $36 from $34 and kept an Equal Weight rating, noting in an investor note that like many other packaged food players, Kraft Heinz was weaving its way through a balancing act between maintaining long-term brand profitability and selectively increasing trade spend.