5 Healthy and Sustainable Food Stocks to Buy

Page 5 of 5

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

Market Capitalization: $1.722 trillion
Number of Hedge Fund Holders: 243

Amazon.com, Inc. (NASDAQ: AMZN) has also emerged as a leading grocery provider in the US and is projected to beat Walmart soon. The company is investing heavily to create an omnichannel ecosystem and increase its grocery delivery capabilities by over 60%. Customers with a Prime membership can also access Amazon Fresh, the company’s grocery delivery subsidiary, for free. The e-commerce platform has a dedicated healthy foods store that offers a variety of products ranging from snack foods to produce. The company’s stock currently has a buy rating from the Bank of America. The company’s acquisition of Whole Foods in 2017 was a significant driver of growth in the organic food market.

For the first quarter of 2021, AMZN earnings beat consensus estimates by a huge margin. The company declared a total revenue of $108.5 billion for the quarter which beat expectations by 3.8%. The EPS was reported to be $15.79 and an operating profit margin of 30.8%. Amazon’s stock has provided a return of approximately 46.3% compared to the S&P 500’s total return of 43.3%. Amazon.com, Inc. (NASDAQ: AMZN) has earned the top spot in our list of 12 healthy and sustainable food stocks to buy.

You can also take a peek at the 20 Most Unhealthiest Countries In the World and 20 Best Paying Summer Jobs for College Students.

Page 5 of 5