5 Best FMCG Stocks To Buy Now

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1. Walmart Inc. (NYSE: WMT

Number of Hedge Fund Holders: 71

Topping the list of 11 best FMCG stocks to buy now is Arkansas-based retails corporation Walmart Inc. (NYSE: WMT). Walmart Inc. is one of the fastest moving consumer goods companies and operates over 10,500 stores in 24 countries. 

In July, Walmart Inc. (NYSE: WMT) announced a partnership with consumer goods and supply chain robotics and automation company Symbotic.

Cowen analyst Oliver Chen recently kept an Outperform rating on Walmart Inc. (NYSE: WMT) and raised the firm’s price target to $175 per share from $170 per share.

The company has a market cap of $421.58 billion and currently offers a dividend yield of 1.46%. In the second quarter of 2021, Walmart Inc. (NYSE: WMT) reported an EPS of $1.78, beating estimates by $0.21. The company’s second-quarter revenue came in at $139.87 billion, up 2.4% year-over-year and beating estimates by $3.87 billion.

By the end of the second quarter of 2021, 71 hedge funds out of the 873 tracked by Insider Monkey held stakes in Walmart Inc. (NYSE: WMT) worth roughly $8.04 billion. This is compared to 58 hedge funds in the previous quarter with a total stake value of approximately $5.88 billion.

You can also take a look at 12 Best Artificial Intelligence Stocks To Invest In Right Now and 10 Best Consumer Staple Stocks to Buy Now

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