The Hain Celestial Group, Inc. (HAIN), Whole Foods Market, Inc. (WFM): Consider This Organic Food Company For Your Portfolio

In addition, Wal-Mart Stores, Inc. (NYSE:WMT) has also been expanding internationally, particularly in emerging economies through new stores and accretive acquisitions. The Hain Celestial Group, Inc. (NASDAQ:HAIN) supplies Wal-Mart as well, so any expansion of Wal-Mart is also going to be a win for Hain.

Similarly, The Hain Celestial Group, Inc. (NASDAQ:HAIN) also stands to benefit from the rapid expansion of Whole Foods Market, Inc. (NASDAQ:WFM). Whole Foods plans to triple its store count in the next few years and grow to more than 1,000 locations from the current 340 stores. Moreover, Whole Foods looks to penetrate smaller markets that have populations of around 75,000 people. Whole Foods is also looking to improve its presence in Canada, and recently stated that it intends to open 40 more stores in the nation. Hence, these initiatives of Whole Foods should ultimately benefit Hain Celestial, since it is a distributor of Hain’s products.

Conclusion

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has a lot of opportunity going forward. It is targeting a fast-growing organic food market with acquisitions, and the ever-growing network of its distributors should aid its growth. The stock’s appreciation of almost 50% this year is a testament to its strong performance. Considering the opportunity ahead, Hain can go higher.

The article Consider This Organic Food Company For Your Portfolio originally appeared on Fool.com.

ANUP SINGH has no position in any stocks mentioned. The Motley Fool recommends Hain Celestial and Whole Foods Market (NASDAQ:WFM). The Motley Fool owns shares of Hain Celestial and Whole Foods Market. 

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