9 Best Pizza Stocks to Buy Now

1. The Kraft Heinz Company, Inc. (NASDAQ: KHC)

Number of Hedge Fund Holders: 43

The Kraft Heinz Company, Inc. (NASDAQ: KHC) is one of the largest food and beverage producers and marketers in North America.

The Kraft Heinz Company, Inc. (NASDAQ: KHC) has the following products in its portfolio; cheese, pizza dough, sauces, condiments, refreshment beverages, meat, coffee, pickles, and other preserved canned products.

The company’s first quarter 2024 performance highlights are as follows:

Net sales decreased by 1.2%, at $6.41 billion compared to $6.86 billion in Q4 2023. However, the company reported a gross profit of $2.24 billion in Q1 2024 compared to $2.11 billion in Q1, 2023. Moreover, Adjusted earnings per share of $0.69 improved by 1.5% year over year benefiting from expansion of adjusted gross margin 34.5% compared to 32.8% in the prior-year quarter. Efforts to raise pricing helped balance out the lower sales volume while supporting profitability.

According to Insider Monkey’s database of the first quarter of 2024, 43 hedge funds were bullish on The Kraft Heinz Company, Inc. (NASDAQ: KHC). Berkshire Hathaway led by Warren Buffet was the largest stakeholder with 325.63 million shares valued at over $12 billion.

While we acknowledge the potential of Kraft Heinz, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than Kraft Heinz but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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