5 Best FMCG Stocks To Buy Now

1. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 81

Walmart Inc. (NYSE:WMT) is a prominent American retail giant known for its extensive network of hypermarkets, discount department stores, and grocery outlets strategically positioned across the United States. The company’s headquarters are located in Bentonville, Arkansas.

On August 17, Walmart Inc. (NYSE:WMT) reported its Q2 non-GAAP EPS, revealing a figure of $1.84, surpassing Wall Street estimates by $0.13. Furthermore, the company’s Q2 revenue reached $161.63 billion, representing a significant 5.9% year-on-year increase and surpassing market expectations by $2.35 billion.

In the second quarter of 2023, Walmart Inc. (NYSE:WMT) garnered significant interest from hedge funds, with 81 hedge funds establishing positions in the company, according to Insider Monkey’s database. The combined holdings of these hedge funds were valued at over $5.46 billion. Notably, investment firm D. E. Shaw emerged as the largest shareholder, boasting holdings valued at approximately $861.9 million.

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