In this piece, we will take a look at the 5 most profitable food stocks. For more food companies, head on over to 14 Most Profitable Food Stocks.
5. Mondelez International, Inc. (NASDAQ:MDLZ)
Latest TTM Net Worth: $4.59 billion
Number of Hedge Fund Holders: 51
Mondelez International, Inc. (NASDAQ:MDLZ), known as Mondelēz International, is a multinational corporation headquartered in Chicago, specializing in confectionery, food, beverages, and snacks. Generating an annual revenue of around $26 billion, Mondelez operates in approximately 160 countries. The company currently provides a quarterly dividend of $0.425 per share and has demonstrated a consistent track record of dividend growth over the past nine years. As of December 20, the stock exhibits a dividend yield of 2.45%.
At the end of Q3 2023, 51 hedge funds in Insider Monkey’s database owned stakes in Mondelez International, Inc. (NASDAQ:MDLZ), compared with 55 in the previous quarter. The collective value of these stakes is over $1.33 billion. Among these hedge funds, Holocene Advisors was the company’s leading stakeholder in Q3.
4. Unilever PLC (NYSE:UL)
Latest TTM Net Worth: $8.29 billion
Number of Hedge Fund Holders: 21
Founded on September 2, 1929, Unilever plc is a British multinational fast-moving consumer goods company resulting from the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. The company’s headquarters are located in London.
By the end of this year’s third quarter, 21 out of the 910 hedge funds part of Insider Monkey’s database had bought and owned Unilever PLC (NYSE:UL)’s shares. Ken Fisher’s Fisher Asset Management is the firm’s biggest hedge fund shareholder in our database due to its $488 million investment.
3. McDonald’s Corporation (NYSE:MCD)
Latest TTM Net Worth: $8.33 billion
Number of Hedge Fund Holders: 70
Established in 1940 by Richard and Maurice McDonald, McDonald’s Corporation (NYSE:MCD) is a U.S.-based multinational fast-food chain. The company experienced a significant 5% increase in systemwide sales in 2022 compared to the previous year, showcasing an impressive 10.9% year-over-year growth in global comparable sales. In October, the company raised its quarterly dividend to $1.67 per share, marking a 10% increase. McDonald’s Corporation (NYSE:MCD) is on track to achieve Dividend King status in three years, maintaining an outstanding streak of dividend growth spanning 47 years. As of December 20, the stock boasts a dividend yield of 2.31%.
In Q3 2023, the number of hedge funds monitored by Insider Monkey with stakes in McDonald’s Corporation (NYSE:MCD) increased to 70, up from 68 in the previous quarter. The combined value of these stakes exceeds $2.5 billion.
2. PepsiCo, Inc. (NASDAQ:PEP)
Latest TTM Net Worth: $8.29 billion
Number of Hedge Fund Holders: 65
PepsiCo, Inc. (NASDAQ:PEP), a multinational food, snack, and beverage corporation known for its diverse portfolio of popular brands, announced on November 16 a quarterly dividend of $1.265 per share, maintaining consistency with its prior dividend. With an impressive track record of increasing dividends for 51 consecutive years, PepsiCo remains a notable choice for investment. As of December 20, the stock presents a dividend yield of 3.05%.
As of the close of Q3 2023, Insider Monkey reported that 65 hedge funds held stakes in PepsiCo, Inc. (NASDAQ:PEP), a slight decrease from the 68 funds in the previous quarter. The cumulative value of these stakes approximates $4.3 billion.
1. The Coca-Cola Company (NYSE:KO)
Latest TTM Net Worth: $10.77 billion
Number of Hedge Fund Holders: 57
Established in 1892, The Coca-Cola Company (NYSE:KO) stands as a prominent multinational American corporation renowned for its iconic beverage, Coca-Cola, and an extensive range of non-alcoholic beverage concentrates, syrups, and alcoholic beverages. Demonstrating robust financial performance in the first half of FY23, the company achieved an operating cash flow of $4.6 billion and free cash flow of $4 billion. This underscores The Coca-Cola Company’s (NYSE:KO) strong cash generation capabilities, positioning it favorably to meet future shareholder commitments. As of December 20, the company offers a quarterly dividend of $0.46 per share, resulting in a yield of 3.19%.
With an impressive track record of consistent dividend increases spanning six decades and a resilient business model, The Coca-Cola Company (NYSE:KO) has garnered attention from both individual and institutional investors. As of the end of the third quarter, among the 910 funds tracked by Insider Monkey, 57 hedge funds held positions in the company. Notably, Warren Buffett remained a significant investor, maintaining a substantial stake valued at $22.39 billion in The Coca-Cola Company (NYSE:KO).
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