5 Best Future Food Stocks to Buy Now

In this article, we discuss 5 best future food stocks to buy now. If you want to read about some more future food stocks, go directly to 11 Best Future Food Stocks to Buy Now.

5. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 41     

The Kraft Heinz Company (NASDAQ:KHC) manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. On October 19, Teads, a global media platform, announced its partnership with The Kraft Heinz Company and Dentsu International to develop the next paradigm in digital marketing, a project named Teads Attention Program. 

On October 14, Morgan Stanley analyst Pamela Kaufman maintained an Equal Weight rating on The Kraft Heinz Company (NASDAQ:KHC) stock and lowered the price target to $37 from $41, noting the strong pricing-led organic sales growth of the firm despite significant gross margin pressures. 

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

Number of Hedge Fund Holders: 48     

Mondelez International, Inc. (NASDAQ:MDLZ) manufactures, markets, and sells snack food and beverage products in Latin America, North America, Asia, the Middle East, Africa, and Europe. On November 1, the firm posted earnings for the third quarter of 2022, reporting earnings per share of $0.74, beating market estimates by $0.05. The revenue over the period was $7.76 billion, up 8.1% year-on-year and beating estimates by $320 million. 

On October 14, investment advisory Morgan Stanley maintained an Overweight rating on Mondelez International, Inc. (NASDAQ:MDLZ) stock and lowered the price target to $63 from $70. Analyst Pamela Kaufman issued the ratings update. 

At the end of the second quarter of 2022, 48 hedge funds in the database of Insider Monkey held stakes worth $1.8 billion in Mondelez International, Inc. (NASDAQ:MDLZ), compared to 48 in the previous quarter worth $1.6 billion.

3. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 49  

The Kroger Co. (NYSE:KR) operates as a retailer in the United States. The food and drug stores operated by the firm offer products such as natural foods, drugs, general merchandise, fresh seafood, organic produce, apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys. The firm recently bought rival Albertsons in a deal worth $25 billion. 

On October 17, investment advisory Jefferies maintained a Hold rating on The Kroger Co. (NYSE:KR) stock and lowered the price target to $45 from $52. Analyst Rob Dickerson issued the ratings update. 

2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 67   

Walmart Inc. (NYSE:WMT) engages in the operation of retail, wholesale, and other units worldwide. On September 26, Walmart launched its two immersive experiences in the Metaverse platform, Roblox, named Walmart’s Universe of Play and Walmart Land. Walmart Land will bring fashion, style, and entertainment items to 52 million daily users on Roblox.

On October 18, Jefferies analyst Corey Tarlowe maintained a Buy rating on Walmart Inc. (NYSE:WMT) stock and raised the price target to $165 from $161, noting that the company seems well positioned in the present macro environment. 

Among the hedge funds being tracked by Insider Monkey, Fort Lauderdale Florida-based investment firm GQG Partners is a leading shareholder in Walmart Inc. (NYSE:WMT), with 9.8 million shares worth more than $1.2 billion. 

In its Q2 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Walmart Inc. (NYSE:WMT) was one of them. Here is what the fund said:

“The pandemic has created challenges for businesses large and small; one major challenge for large essential retailers such as ClearBridge holdings Home Depot, Walmart Inc. (NYSE:WMT) and Costco has been ensuring adequate staffing to meet demand under trying conditions. All three instituted enhanced pay practices during the pandemic, with raises, unplanned bonuses and other benefits helping compensate employees for their efforts in a difficult environment. In September 2020 Walmart raised wages for 165,000 employees, including a number of entry positions to $15 an hour. It followed this in February with a raise for 425,000 workers that moved its average pay above $15 an hour.”

1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 252    

Amazon.com, Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products and subscriptions in North America and internationally. On October 19, Amazon stated that it is proceeding into home insurance by launching Amazon Insurance Store in the United Kingdom by partnering up with local insurers Ageas UK, LV General Insurance, and Co-op. The firm said it would add more insurers to the store in the coming years. 

On October 17, Cowen analyst John Blackledge maintained an Outperform rating on Amazon.com, Inc. (NASDAQ:AMZN) stock and lowered the price target to $195 from $214, noting that the company was exiting its historical $78 billion fulfilment and logistics investment spend in 2020-2021, a catalyst coupled with accelerating top-line growth.

At the end of the second quarter of 2022, 252 hedge funds in the database of Insider Monkey held stakes worth $30 billion in Amazon.com, Inc. (NASDAQ:AMZN), compared to 271 the preceding quarter worth $48 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Amazon.com, Inc. (NASDAQ:AMZN) was one of them. Here is what the fund said:

“Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest retailer and cloud services provider. Shares of Amazon declined 35% in the quarter due to weaker-than-expected profits resulting from an overcapacity of resources coming out of COVID. We expect Amazon to grow into its retail capacity in the quarters to come, which would enable it to improve profitability accordingly. Amazon remains one of our largest holdings due to its durable competitive advantages with a leading position in multiple trillion-dollar markets with a long runway for growth (…read more)

You can also take a peek at 10 Best Bargain Stocks To Buy Right Now and 10 Best Infrastructure Stocks To Buy Now.

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