5 Vegan Stocks Billionaires Are Loading Up On

1. Kellogg Company (NYSE:K)

Number of Billionaire Investors: 17

Dollar Value of Billionaire Holdings: $369,578,085

Number of Hedge Fund Holders: 40

Kellogg Company (NYSE:K) is a Battle Creek, Michigan-based food company known for its wide range of breakfast cereals, snacks, and other food products. The company offers some vegan options, including certain flavours of cereals, granola bars, and plant-based milk alternatives like almond milk or coconut milk. Kellogg Company (NYSE:K) has secured first place on our list of the best vegan stocks billionaires are purchasing.

Kellogg Company (NYSE:K) has Kashi, MorningStar Farms, and Incogmeato as the plant-based protein brands under its portfolio. The company initially decided to spin off its plant-based business as a separate entity but decided against it based on the long-term growth prospects of the category. Presently, the division represents 2% of the net sales of Kellogg Company (NYSE:K).

Disclosure: None. You can also take a look at the 10 Best Recession-Proof Stocks to Buy Now and the 12 Best Short Squeeze Stocks to Buy Now.