5 Best Alternative Meat Stocks to Buy

1. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 39

Ranked at the top of our list of the best alternative meat stocks to buy, The Kraft Heinz Company (NASDAQ:KHC) is one of the largest food production firms in the world. With a market capitalization of $41 billion, the company’s Philadelphia brand introduced a plant-based spread offering in this July. The spread is in three different flavors: Original, Strawberry, and Chive and Onion. In 2019, the company’s plant-based alternatives sales rose by $500 million and are expected to hit $4.5 billion this year. It recently declared a quarterly dividend of $0.40 per common stock.

At the end of June 30, The Kraft Heinz Company (NASDAQ:KHC) had 39 hedge funds investors out of 910 funds tracked by Insider Monkey database. Warren Buffett’s Berkshire Hathaway was the largest stakeholder with 325.6 million shares that were valued at $11.6 billion.

Disclosure: None. You can also take a look at 10 Stocks That Will Skyrocket and 11 Best Stocks to Buy in Falling Markets According to Hedge Funds.

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