5 Best Grocery Stocks to Buy

1. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 67

Walmart Inc. (NYSE:WMT) is a Bentonville, Arkansas-based operator of discount department stores, grocery stores, and hypermarkets across the U.S. Bridgewater Associates raised its stake in Walmart Inc. (NYSE:WMT) by 17% during Q2 2022.

Walmart Inc. (NYSE:WMT) achieved double-digit growth in food sales across its store network in Q2, which prompted same-store sales to rise by 6.5% during the three-month period.

In a research note issued on August 18, Simeon Gutman at Morgan Stanley increased the price target on Walmart Inc. (NYSE:WMT) from $145 to $150 and maintained an ‘Overweight’ rating on the stock. The analyst anticipates the uncertainty related to the company’s margins to settle down during the second half of FY23 and the revenue momentum to regain pace in FY24. Experts are positive about Walmart Inc.’s (NYSE:WMT) ability to balance short-term returns with long-term investments in the current macroeconomic environment due to the company’s strong business fundamentals.

You can also take a peek at the Top 8 Stock Picks of Jeff Ubben’s Inclusive Capital and the 10 Best Value Stocks to Buy for the Next Decade.

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