9 Best Alternative Meat Stocks to Buy

7. Hormel Foods Corporation (NYSE:HRL)

Number of Hedge Fund Holders: 31

Hormel Foods Corporation (NYSE:HRL) develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers internationally. The following key aspects make this company a standout investment. As per the report for the fourth quarter of 2024, the company’s net sales were $3.1 billion, operating income was $294 million, and adjusted operating income was $308 million, demonstrating that the company had a solid operating performance and incurred non-operational expenses that were excluded in the adjusted figure for profitability. Moreover, the company’s Happy Little Plants brand offers a ground plant-based protein alternative containing 20 grams of non-GMO soy protein per serving. This product is designed to appeal to consumers seeking healthier and more sustainable food options.