Sectors & IndustriesConsumer DefensiveFood Distribution

Best Food Distribution Stocks to Buy Now (2024)

Top food distribution stocks in 2024 ranked by overall Due Diligence Score. See the best food distribution stocks to buy now, according to analyst forecasts for the food distribution industry.

According to Due Diligence Score, the 3 best food distribution stocks to buy right now are:

Spartannash Co (NASDAQ:SPTN) is the top food distribution stock with a Due Diligence Score of 61, which is 24 points higher than the food distribution industry average of 37. It passed 21 out of 38 due diligence checks and has strong fundamentals. Spartannash Co has seen its stock lose -15.24% over the past year, underperforming other food distribution stocks by -21 percentage points.

Andersons (NASDAQ:ANDE) is the second best food distribution stock with a Due Diligence Score of 54, which is 17 points higher than the food distribution industry average of 37. It passed 19 out of 38 due diligence checks and has strong fundamentals. Andersons has seen its stock lose -12.53% over the past year, underperforming other food distribution stocks by -19 percentage points.

Sysco (NYSE:SYY) is the third best food distribution stock with a Due Diligence Score of 47, which is 10 points higher than the food distribution industry average of 37. It passed 17 out of 38 due diligence checks and has strong fundamentals. Sysco has seen its stock return 8.68% over the past year, overperforming other food distribution stocks by 3 percentage points.

Sysco has an average 1 year price target of $86.14, an upside of 7.21% from Sysco's current stock price of $80.35.

Sysco stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Sysco, 85.71% have issued a Strong Buy rating, 0% have issued a Buy, 14.29% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 6 food distribution stocks that have issued dividends in the past year, the 3 food distribution stocks with the highest dividend yields are:

Spartannash Co (NASDAQ:SPTN) has an annual dividend yield of 4.47%, which is 2 percentage points higher than the food distribution industry average of 2.04%. Spartannash Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Spartannash Co's dividend has shown consistent growth over the last 10 years.

Spartannash Co's dividend payout ratio of 63.7% indicates that its high dividend yield is sustainable for the long-term.

Sysco (NYSE:SYY) has an annual dividend yield of 2.51%, which is the same as the food distribution industry average of 2.04%. Sysco's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Sysco's dividend has shown consistent growth over the last 10 years.

Sysco's dividend payout ratio of 51.8% indicates that its dividend yield is sustainable for the long-term.

Calavo Growers (NASDAQ:CVGW) has an annual dividend yield of 1.88%, which is the same as the food distribution industry average of 2.04%. Calavo Growers's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Calavo Growers's dividend has not shown consistent growth over the last 10 years.

Calavo Growers's dividend payout ratio of -80% indicates that its dividend yield might not be sustainable for the long-term.

Food distribution stocks were down -0.83% in the last day, and down -0.55% over the last week.

We couldn't find a catalyst for why food distribution stocks are down.

Based on WallStreetZen's Valuation Score, the 3 most undervalued food distribution stocks right now are:

Top Wealth Group Holding (NASDAQ:TWG) is the most undervalued food distribution stock based on WallStreetZen's Valuation Score. Top Wealth Group Holding has a valuation score of 71, which is 37 points higher than the food distribution industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Spartannash Co (NASDAQ:SPTN) is the second most undervalued food distribution stock based on WallStreetZen's Valuation Score. Spartannash Co has a valuation score of 57, which is 23 points higher than the food distribution industry average of 34. It passed 4 out of 7 valuation due diligence checks.

Spartannash Co's stock has dropped -15.24% in the past year. It has underperformed other stocks in the food distribution industry by -21 percentage points.

Amcon Distributing Co (NYSEMKT:DIT) is the third most undervalued food distribution stock based on WallStreetZen's Valuation Score. Amcon Distributing Co has a valuation score of 43, which is 9 points higher than the food distribution industry average of 34. It passed 3 out of 7 valuation due diligence checks.

Amcon Distributing Co's stock has dropped -28.35% in the past year. It has underperformed other stocks in the food distribution industry by -34 percentage points.