5 Best Grocery Stocks to Buy

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

Number of Hedge Fund Holders: 243

Amazon.com, Inc. (NASDAQ: AMZN) is a retailer of consumer products operating in the US and internationally. Its products include grocery items, and it also offers delivery services through Amazon Fresh. It ranks 1st on our list of grocery stocks to buy.

On June 22nd, Amazon.com, Inc.’s (NASDAQ: AMZN) acquisition of MGM was reported by the Wall Street Journal to be reviewed by the FTC. The acquisition is worth $8.45 billion and is due to bring more content under Amazon’s wing, including the James Bond franchise. In the first quarter of 2021, the company’s EPS was valued at $15.79 versus estimates of $9.64, and its revenue came in at $108.52 billion, representing a 43.82% growth year over year. Amazon.com, Inc. (NASDAQ: AMZN) has a gross profit margin of 40.48% and has gained 9.87% in the past 6 months and 9.82% year to date as well.

By the end of the first quarter of 2021, 243 hedge fund holders held stakes in Amazon.com, Inc. (NASDAQ: AMZN), valued at roughly $50.4 billion. This is compared to 273 hedge fund holders in the previous quarter with a total stake value of roughly $51.5 billion.

You can also take a peek at Top 10 Consumer Discretionary Stocks to Buy in 2021 and 10 Best Stocks To Buy and Hold For 5 Years.

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