5 Best Beef Stocks to Buy Now

1. Albertsons Companies, Inc. (NYSE:ACI)

Number of Hedge Fund Holders: 61

Albertsons Companies, Inc. (NYSE:ACI) engages in the operation of food and drug stores in the United States. The firm sells beef products as well. On May 31, the firm announced that it would be clubbing the Signature Farms, Signature Care and Signature Cafe products under one master brand called Signature SELECT. The transition to Signature SELECT is presently underway across stores including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s and others, and is expected to be complete in early 2024

On April 25, investment advisory Tigress Financial upgraded Albertsons Companies, Inc. (NYSE:ACI) stock to Buy from Neutral and lowered the price target to $27 from $32. 

At the end of the first quarter of 2023, 61 hedge funds in the database of Insider Monkey held stakes worth $4.5 billion in Albertsons Companies, Inc. (NYSE:ACI), compared to 39 in the preceding quarter worth $3.9 billion.

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