5 Best Food Stocks to Buy Now

4. SUPERVALU Inc. (NYSE:SVU)

Investors with Long Positions (as of June 30): 38

Aggregate Value of Investors’ Holdings (as of June 30): $394.25 Million

Two more hedge fund investors owned stakes in SUPERVALU Inc. (NYSE:SVU) at the end of the latest quarter compared to the prior one, while in aggregate they amassed 18.40% of the company’s outstanding stock. Nevertheless, the value of these stakes shrank by $185.74 million during the three-month period. Supervalu has had a rough year so far, with its shares losing more than 21% since the beginning of the year. Even so, the company has been successful in reducing costs, strengthening its balance sheet, changing management, and also jettisoning its Albertsons stores acquired back in 2006, a deal that seriously affected its balance sheet. Moreover, the company is considering spinning-off its deep-discount supermarket chain, Save-A-Lot, which could eventually unlock significant value for shareholders. Conan Laughlin’s North Tide Capital represents the largest shareholder of SUPERVALU Inc. (NYSE:SVU) within our database, holding 12.5 million shares.