5 Healthy and Sustainable Food Stocks to Buy

3. The Kroger Co. (NYSE: KR)

Market Capitalization: $28.55 billion
Number of Hedge Fund Holders: 35

The Kroger Co. (NYSE: KR) has landed a spot in the list of 10 health and sustainable food stocks to buy due to its organic food segment. It consists of organic produce, dairy products, meat and seafood, as well as a healthy grocery section. The grocery giant has shown exemplary performance and beat market estimates in Q1 of 2021. Shares of the company gained 4.3% over the past month.

The Kroger Co. (NYSE: KR) declared adjusted earnings of $1.19 per share while total revenue was reported to be $41.3 billion beating the consensus estimate of $39.78 billion. The company also raised its full-year guidance for 2021 and expects adjusted earnings to lie within the $2.95-$3.10 range. Kroger has also recently partnered up with Drone Express to expand its delivery capabilities with the use of autonomous drones.

35 hedge funds in the database of Insider Monkey held stakes worth over $3.1 billion in NYSE:KR in Q1 of 2021 compared to 36 hedge funds holding stakes worth $2.4 billion in the preceding quarter. Kroger has landed the number 3 spot in the list of 12 healthy and sustainable food stocks to buy.