12 Best FMCG Stocks to Buy According to Billionaires

2. Walmart Inc. (NYSE:WMT)

Number of Billionaire Investors: 20

Number of Hedge Fund Holders: 116

Walmart Inc. (NYSE:WMT) is engaged in the operation of retail and wholesale stores and clubs, e-commerce websites, and mobile applications. Morningstar believes that the company continues to make requisite investments to continue attracting consumers to its stores and fueling customer loyalty. The company’s investments can help it solidify the existing customer base and capture some incremental share from smaller brick-and-mortar retailers which tend to fail to adapt to consumer trends. Despite the fragmented and competitive landscape, Morningstar opines that Walmart Inc. (NYSE:WMT) has managed to carve out an enviable position, with the firm benefiting from proximity to the majority of US consumers, fueling repeat foot traffic.

Furthermore, the margin pressure is expected to abate as Walmart Inc. (NYSE:WMT)’s investments in omnichannel fulfillment as well as its third-party marketplace continue to scale. Elsewhere, Goldman Sachs kept a “Buy” rating on the company’s stock and a price objective of $106. The firm believes that Walmart Inc. (NYSE:WMT) appears to be well-placed to continue to fuel strong earnings growth in 2025, thanks to the market share gains considering the strong proposition of value and convenience.  The company’s investments in e-commerce infrastructure and technology can provide strong returns over the upcoming years. Walmart Inc. (NYSE:WMT)’s online platform is expected to continue to be aided by improved logistics and last-mile delivery capabilities.