9 Best Alternative Meat Stocks to Buy

1. US Foods Holding Corp. (NYSE:USFD)

Number of Hedge Fund Holders: 50 

US Foods Holding Corp. (NYSE:USFD) engages in the marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. It is heavily invested in the alternative meats business. This company presents a solid investment opportunity, supported by the following points. The report for the third quarter of 2024 showed a solid rise in the company’s financial performance compared to the previous period. For instance, net sales increased 6.8% to $9.7 billion, total case volume increased 3.8%, and independent restaurant case volume increased 4.1%. Moreover, the company provides a wide range of plant-based products, such as plant-based smashed patty, the plant-based Italian-style meatball and much more, particularly designed to mimic the taste and texture of meat. Lastly, US Foods provides a variety of vegan and vegetarian meat alternatives, such as meatless crumbles, black bean burgers, and meatless, boneless wings, to meet the dietary preferences of its customers.

While we acknowledge the potential of US Foods Holding Corp. (NYSE:USFD) as an investment, our conviction lies in the belief that some stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a stock that is more promising than US Foods Holding Corp. (NYSE:USFD) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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