10 Best Alternative Meat Stocks to Invest In

2. US Foods Holding Corp. (NYSE:USFD)

Number of Hedge Fund Holders: 52 

US Foods Holding Corp. (NYSE:USFD) engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. It is heavily invested in the alternative meats business. Besides Beyond Meat and Impossible Food products, the firm also sells vegetable-based meat alternatives, including mushroom-based products, tofu and tempeh, and plant-based fish and shrimp. The popularity of these products can be estimated by viewing the rapidly expanding meat substitute market, driven by factors like the increasing vegan population and consumer interest in sustainable eating. This market is expected to grow from around $6.5 billion in 2023 to more than $11.3 billion by 2028.

US Foods Holding Corp. (NYSE:USFD) is one of the most prominent alternative meat stocks on Wall Street. Barclays recently raised the price target on the stock to $66 from $64 and kept an Overweight rating. In an investor note, the advisory noted that the Q2 EBITDA for the food firm was better than expected, which mitigated a modest sales shortfall pressured by the broader macro, which continued in July.