10 Best Organic Food and Farming Stocks To Invest In

8. SunOpta Inc. (NASDAQ:STKL)

Number of Hedge Fund Holders: 18

SunOpta Inc. (NASDAQ:STKL) is a prominent company that focuses on sourcing, processing, and producing organic and non-GMO plant-based and specialty products. With over 200 organic certified items and 30 branded products verified by the Non-GMO Project, the company offers a diverse range of products, including plant-based beverages, fruit snacks, nutritional drinks, broths, and teas. These products are available through various channels such as retail, food service, and e-commerce. SunOpta Inc. (NASDAQ:STKL) is one of the best organic food and farming stocks to invest in.

In the third quarter of 2024, the company reported impressive financial results, with revenues increasing by 15.5% to $176.2 million compared to $152.5 million in the same period last year. This growth was primarily driven by a remarkable 20.6% rise in volume. Additionally, gross profit rose by 16.4%, reaching $23.6 million. SunOpta Inc. (NASDAQ:STKL) attributes its success to a strong competitive position and a broad customer base.

The company is actively investing in its supply chain to support ongoing growth and improve operational processes. Recent productivity initiatives are already showing positive results, leading to enhanced capacity within existing facilities. As of Q3 2024, SunOpta Inc. (NASDAQ:STKL) has achieved significant output increases in its aseptic and fruit snack facilities, with production up 18% and 49% compared to the same quarter in the previous year, respectively. With a clear vision for sustainable growth and a focus on increasing returns on invested capital, SunOpta Inc. (NASDAQ:STKL) is well-positioned for future success.