5 Best Consumer Staples Stocks to Buy Now

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1. Brown-Forman Corporation (NYSE: BF-B)

Number of Hedge Fund Holders: 29  

Brown-Forman Corporation (NYSE: BF-B) is a Kentucky based maker of wines. It was founded in 1870 and is ranked first on our list of 10 best consumer staples stocks to buy now. Some of the products it markets include spirits, wines, cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs. It offers them under various brands, including Jack Daniel’s, Woodford Reserve, Canadian Mist, GlenDronach, BenRiach, and others. Brown-Forman primarily operates in North America, Central America, and Europe.

Brown-Forman Corporation (NYSE: BF-B) was given an Outperform rating by investment advisory Cowen on March 16 on the back of a record cash balance. There were also reports that the firm was readying a special dividend offering for shareholders. 

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm Fundsmith LLP  is a leading shareholder in the firm with 10.2 million shares worth more than $814 million.  

You can also take a peek at 10 Best Travel Stocks to Buy Right Now, and 10 Best Automotive Stocks to Invest in Now.

 

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