5 Best Future Food Stocks to Invest in Today

2. The Kraft Heinz Company (NASDAQ: KHC)

Number of Hedge Fund Holders: 36 

The Kraft Heinz Company (NASDAQ: KHC) is a Chicago-based food firm. Some of the products that the company makes and sells include condiments and sauces, cheese and dairy, meals, meats and seafood, frozen and chilled foods, packaged drinking pouches, appetizers, nuts and salted snacks, and others. It offers these under brand names such as Kraft, Oscar Mayer, Heinz, Philadelphia, Velveeta, among others. The company was founded in 1869 and is placed second on our list of 10 best future food stocks to invest in today. 

The Kraft Heinz Company (NASDAQ: KHC) reported quarterly earnings on April 29 and posted organic sales growth of 2.5%, beating market estimates by 0.6%. The company forecast a single digit percentage increase in organic sales for the second quarter of the year and said it was confident of beating targets set in a strategic annual plan. 

At the end of the fourth quarter of 2020, 36 hedge funds in the database of Insider Monkey held stakes worth $11 billion in the firm, down from 39 in the preceding quarter worth $10 billion.