5 Best Confectionery, Cookie and Snack Stocks to Buy

In this article, we will be taking a look at the 5 best confectionery, cookie and snack stocks to buy. To see more of these stocks, you can go directly to see the 10 Best Confectionery, Cookie and Snack Stocks to Buy.

5. Post Holdings, Inc. (NYSE:POST)

Number of Hedge Fund Holders: 35

Post Holdings, Inc. (NYSE:POST) is a consumer packaged goods holding company. Its products include branded and private-label ready-to-eat cereal, peanut and nut butter, and more.

On April 13, Matthew Smith at Stifel resumed coverage of Post Holdings, Inc. (NYSE:POST) shares with a Buy rating.

Analysts have placed an average price target of $104.50 on Post Holdings, Inc. (NYSE:POST) shares, which were trading at $90.49 on April 30. This gives the stock an upside potential of 15.48%.

Post Holdings, Inc. (NYSE:POST) had 35 hedge funds long its stock in the fourth quarter. Their total stake value was $1.01 billion.

Diamond Hill Capital Management, an investment advisor, mentioned Post Holdings, Inc. (NYSE:POST) in its second-quarter 2022 investor letter. Here’s what the firm said:

“On an individual holdings’ basis, top contributors to return in Q2 included Post Holdings, Inc. (NYSE:POST), UFP Technologies (UFPT) and First Interstate BancSystem (FIBK). Diversified food company Post Holdings is benefiting from solid organic revenue growth and a recovery in its foodservice business. In general, its management has been a good allocator of capital, creating value while moving away from its legacy cereal business toward faster growing segments like nutrition products.”

4. The Hershey Company (NYSE:HSY)

Number of Hedge Fund Holders: 37

The Hershey Company (NYSE:HSY) manufactures and sells confectionery products and pantry items. Its products include chocolates, mints, spreads, snack bites, popcorn, and more.

On April 28, BofA analysts reiterated a Buy rating on The Hershey Company (NYSE:HSY) shares.

Analysts see The Hershey Company (NYSE:HSY) as a Moderate Buy since the stock has five Buy ratings and nine Hold ratings. In the fiscal first quarter of 2023, the company generated revenues of $2.99 billion, representing a growth of 12.05% year-over-year.

There were 37 hedge funds long The Hershey Company (NYSE:HSY) in the fourth quarter, with a total stake value of $1.3 billion.

3. General Mills, Inc. (NYSE:GIS)

Number of Hedge Fund Holders: 40

General Mills, Inc. (NYSE:GIS) manufactures and markets branded consumer foods. Its products include cereals, snack bars, fruit and salty snacks, ice cream, and more.

Stifel’s Matthew Smith resumed coverage of General Mills, Inc. (NYSE:GIS) shares with a Buy rating on April 13.

Analysts have placed an average price target of $90.08 on General Mills, Inc. (NYSE:GIS) shares. The stock was trading at $88.63 on April 30. This gives it an upside potential of 1.64%.

Our hedge fund data shows 40 hedge funds long General Mills, Inc. (NYSE:GIS) in the fourth quarter, with a total stake value of $775 million.

2. Mondelez International, Inc. (NASDAQ:MDLZ)

Number of Hedge Fund Holders: 46

Mondelez International, Inc. (NASDAQ:MDLZ) manufactures snack food and drinks for sale. It offers products such as cookies, crackers, salted snacks, snack bars, and more.

Matthew Smith at Stifel holds a Buy rating on Mondelez International, Inc. (NASDAQ:MDLZ) shares as of April 28.

Analysts see Mondelez International, Inc. (NASDAQ:MDLZ) as a Strong Buy since the stock has 14 Buy ratings and two Hold ratings. The company generated revenues of $9.17 billion in the fiscal first quarter of 2023, representing a revenue growth of $18.06% year-over-year.

In total, 46 hedge funds were long Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter. Their total stake value was $1.5 billion.

1. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 70

PepsiCo, Inc. (NASDAQ:PEP) is a consumer staples company that offers food and beverage products. Its snack products include cheese-flavored snacks, tortilla chips, granola bars, and more under various brands like Lay’s, Doritos, and Cheetos.

An Overweight rating was reiterated on PepsiCo, Inc. (NASDAQ:PEP) shares on April 27 by Barclays analysts.

Analysts have placed an average price target of $196.46 on PepsiCo, Inc. (NASDAQ:PEP), which was trading at $190.89 on April 30. This gives the stock an upside potential of 2.92%.

PepsiCo, Inc. (NASDAQ:PEP) was found among the 13F holdings of 70 hedge funds in the fourth quarter, with a total stake value of $4.4 billion.

Madison Investments, an investment advisor, mentioned PepsiCo, Inc. (NASDAQ:PEP) in its first-quarter 2023 investor letter. Here’s what the firm said:

“PepsiCo, Inc. (NASDAQ:PEP) announced that it will commit $3.3 million in funds toward water replenishment projects across North America. These projects aim to reduce absolute water use and replenish back into the local watershed more than 100% of the water used at company-owned and third-part sites in high water-risk areas.”

See also 16 Biggest Fast Food Companies in the World and 25 Most Valuable Food Companies in the World.