11 Best Ice Cream Stocks to Invest In 2024

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1. Berkshire Hathaway Inc. (NYSE:BRK.A)         

Number of Hedge Fund Investors’ holdings: 119

The number 1 stock on our list of 11 Best Ice Cream Stocks to Invest In 2024 is Berkshire Hathaway Inc. (NYSE:BRK.A), which is a multinational conglomerate company based in the USA. It owns the big ice cream brand, Dairy Queen.

Analysts are eying a price target of $465.1, as compared to its current price of $404.75, as of writing this article – that’s an upside potential of approximately 15%!

Recently, Berkshire Hathaway took a position in LNG market by buying Dominion Energy’s share of the Maryland-based Cove Point LNG export plant in 2023, and with LNG market expecting a boom in coming 5 years – the market capacity is expected to grow 5 times from 2024 to 2028 – Berkshire Hathaway Inc.’s (NYSE:BRK.A) stock is definitely one to keep.

As of Q1, 2024, 119 hedge funds in our database at Insider Monkey hold positions in the stock, with a massive value of $16 billion!

Bill & Melinda Gates Foundation Trust and Gardner Russo & Gardner hold the biggest stakes in the stock, carrying values of $7.3 billion and $1.4 billion, respectively! To keep the recent performance of the stock in the picture, one must note that the stock performed better than the S&P 500 in the 1st quarter of 2024, as it recorded a gain of 17.9%, while the S&P 500 return was 10.6%.

While we acknowledge the potential of Berkshire Hathaway as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than Berkshire Hathaway but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

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