Sectors & Industries Consumer DefensivePackaged Foods
Best Food Stocks to Buy Now (2024)
Top food stocks in 2024 ranked by overall Zen Score. See the best food stocks to buy now, according to analyst forecasts for the packaged foods industry.

Industry: Packaged Foods

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
LWAY	LIFEWAY FOODS INC	United States	$357.73M	14,690,987	13.05%	86.95%	Net Selling	Net Selling
SMPL	SIMPLY GOOD FOODS CO	United States	$3.73B	99,988,966	82.33%	17.67%	Net Selling	Net Selling
BON	BON NATURAL LIFE LTD	China	$3.32M	1,173,866	5.73%	0.00%
JJSF	J&J SNACK FOODS CORP	United States	$2.68B	19,379,847	29.18%	70.82%	Net Buying	Net Buying
MAMA	MAMA's CREATIONS INC	United States	$247.80M	37,263,096	44.99%	15.68%	Net Selling
KHC	KRAFT HEINZ CO	United States	$44.14B	1,214,298,182	75.45%	24.55%	Net Selling	Net Selling
K	KELLANOVA	United States	$20.69B	341,883,645	68.33%	31.67%	Net Selling	Net Selling
INGR	INGREDION INC	United States	$7.51B	65,563,650	85.21%	7.28%	Net Selling	Net Selling
DAR	DARLING INGREDIENTS INC	United States	$6.83B	159,611,336	92.55%	7.45%	Net Selling	Net Selling
CAG	CONAGRA BRANDS INC	United States	$14.62B	478,062,749	83.72%	7.72%	Net Selling	Net Buying
CENT	CENTRAL GARDEN & PET CO	United States	$2.83B	67,224,322	70.99%	26.52%	Net Selling	Net Selling
LW	LAMB WESTON HOLDINGS INC	United States	$12.28B	144,391,021	89.18%	1.05%	Net Selling	Net Buying
THS	TREEHOUSE FOODS INC	United States	$2.02B	54,100,000	75.18%	24.82%	Net Buying	Net Selling
JBSS	SANFILIPPO JOHN B & SON INC	United States	$1.14B	11,603,464	39.78%	60.22%	Net Selling
HRL	HORMEL FOODS CORP	United States	$19.26B	547,687,578	41.10%	48.37%	Net Selling	Net Buying
LANC	LANCASTER COLONY CORP	United States	$5.27B	27,527,000	43.90%	56.10%	Net Buying	Net Selling
CPB	CAMPBELL SOUP CO	United States	$13.38B	298,102,601	25.17%	74.83%	Net Selling	Net Selling
BRBR	BELLRING BRANDS INC	United States	$7.52B	130,979,097	94.83%	4.51%	Net Buying	Net Selling
NOMD	NOMAD FOODS LTD	United Kingdom	$2.95B	163,167,134	75.05%	0.00%
MKC	MCCORMICK & CO INC	United States	$20.25B	268,412,705	80.51%	0.40%	Net Selling	Net Selling
FAMI	FARMMI INC	China	$5.00M	6,094,078	0.27%	0.00%
BRID	BRIDGFORD FOODS CORP	United States	$90.95M	9,076,832	1.45%	98.55%	Net Buying	Net Buying
FLO	FLOWERS FOODS INC	United States	$5.24B	210,566,527	75.46%	15.31%	Net Selling	Net Selling
USNA	USANA HEALTH SCIENCES INC	United States	$876.41M	19,240,514	18.21%	81.79%	Net Selling	Net Selling
SENEA	SENECA FOODS CORP	United States	$411.82M	7,117,502	43.61%	26.59%	Net Buying	Net Buying
GIS	GENERAL MILLS INC	United States	$39.47B	564,548,763	76.07%	1.53%	Net Selling	Net Selling
LFVN	LIFEVANTAGE CORP	United States	$83.44M	12,700,556	9.93%	90.07%	Net Selling	Net Selling
FRPT	FRESHPET INC	United States	$5.29B	48,292,606	63.14%	36.86%	Net Selling	Net Selling
NATR	NATURES SUNSHINE PRODUCTS INC	United States	$358.69M	18,819,061	23.91%	76.09%	Net Selling	Net Selling
BSFC	BLUE STAR FOODS CORP	United States	$2.44M	40,682,568	0.69%	30.72%	Net Buying	Net Buying
RGF	REAL GOOD FOOD COMPANY INC	United States	$28.63M	33,684,204	34.79%	38.56%	Net Selling	Net Selling
PPC	PILGRIMS PRIDE CORP	United States	$8.60B	236,943,487	3.94%	96.06%	Net Selling	Net Selling
PETZ	TDH HOLDINGS INC	China	$11.15M	10,323,268	0.01%	0.00%
BRCC	BRC INC	United States	$816.78M	212,151,030	16.29%	44.84%	Net Buying
LSF	LAIRD SUPERFOOD INC	United States	$23.54M	9,414,725	8.55%	40.29%	Net Buying	Net Buying
POST	POST HOLDINGS INC	United States	$6.22B	60,585,877	87.26%	12.74%	Net Selling	Net Buying
RKDA	ARCADIA BIOSCIENCES INC	United States	$2.66M	1,362,840	0.18%	99.82%	Net Buying
FREE	WHOLE EARTH BRANDS INC	United States	$206.36M	42,858,649	47.90%	38.78%	Net Buying	Net Selling
KLG	WK KELLOGG CO	United States	$1.99B	85,817,581	78.12%	16.55%	Net Buying	Net Buying
BRFS	BRF SA	Brazil	$5.59B	1,678,656,067	3.41%	0.00%
BTTR	BETTER CHOICE CO INC	United States	$4.36M	893,601	13.76%	86.24%	Net Buying
NCRA	NOCERA INC	United States	$14.77M	12,956,987	0.97%	33.62%	Net Buying
WEST	WESTROCK COFFEE CO	United States	$926.12M	88,033,917	36.02%	63.98%	Net Buying	Net Selling
SJM	J M SMUCKER CO	United States	$12.01B	106,175,550	81.67%	12.05%	Net Selling	Net Selling
PLAG	PLANET GREEN HOLDINGS CORP	United States	$14.06M	72,081,930	0.28%	71.14%	Net Selling
BYND	BEYOND MEAT INC	United States	$532.29M	64,677,261	46.44%	18.71%	Net Selling	Net Selling
NUZE	NUZEE INC	United States	$1.88M	1,281,736	7.69%	92.31%	Net Selling
JVA	COFFEE HOLDING CO INC	United States	$8.11M	5,708,599	10.06%	89.94%
STKL	SUNOPTA INC	Canada	$650.37M	116,033,695	55.14%	44.86%	Net Selling	Net Selling
BOF	BRANCHOUT FOOD INC	United States	$9.63M	4,044,252	2.59%	30.73%	Net Buying
PAVS	PARANOVUS ENTERTAINMENT TECHNOLOGY LTD	China	$7.78M	7,336,930	0.27%	0.00%
BGS	B&G FOODS INC	United States	$895.52M	78,623,743	66.11%	3.90%	Net Selling	Net Selling
FARM	FARMER BROTHERS CO	United States	$65.96M	21,074,434	6.49%	93.51%	Net Buying
STKH	STEAKHOLDER FOODS LTD	Israel	$10.83M	251,756,047	0.22%	0.00%
SMFL	SMART FOR LIFE INC	United States	$407.44k	113,809	0.12%	99.88%
HLF	HERBALIFE LTD	Cayman Islands	$957.69M	99,967,569	19.01%	80.99%	Net Selling	Net Buying
UTZ	UTZ BRANDS INC	United States	$2.71B	140,822,973	50.29%	21.52%	Net Selling	Net Selling
BRLS	BOREALIS FOODS INC	Canada	$85.52M	21,378,890	9.71%	87.70%	Net Buying	Net Buying
NAII	NATURAL ALTERNATIVES INTERNATIONAL INC	United States	$38.36M	6,088,813	32.35%	63.88%	Net Selling	Net Selling
HAIN	HAIN CELESTIAL GROUP INC	United States	$610.86M	89,832,428	70.53%	29.47%	Net Buying	Net Buying
TWG	TOP WEALTH GROUP HOLDING LTD	Hong Kong	N/A	29,000,000	0.00%	0.00%
SNAX	STRYVE FOODS INC	United States	$4.72M	3,167,043	4.07%	95.93%	Net Buying
DDC	DDC ENTERPRISE LTD	China	N/A	20,158,176	0.21%	0.00%

Food Stocks FAQ

What are the best food stocks to buy right now in May 2024?

According to Zen Score, the 3 best food stocks to buy right now are:

1. Lifeway Foods (NASDAQ:LWAY)

Lifeway Foods (NASDAQ:LWAY) is the top food stock with a Zen Score of 57, which is 29 points higher than the food industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Lifeway Foods has seen its stock return 305.83% over the past year, overperforming other food stocks by 320 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, a downside of -42.51% from Lifeway Foods's current stock price of $24.35.

Lifeway Foods stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Lifeway Foods, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Bon Natural Life (NASDAQ:BON)

Bon Natural Life (NASDAQ:BON) is the second best food stock with a Zen Score of 56, which is 28 points higher than the food industry average of 28. It passed 18 out of 33 due diligence checks and has strong fundamentals. Bon Natural Life has seen its stock lose -64.19% over the past year, underperforming other food stocks by -50 percentage points.

3. Simply Good Foods Co (NASDAQ:SMPL)

Simply Good Foods Co (NASDAQ:SMPL) is the third best food stock with a Zen Score of 56, which is 28 points higher than the food industry average of 28. It passed 18 out of 33 due diligence checks and has strong fundamentals. Simply Good Foods Co has seen its stock return 0.65% over the past year, overperforming other food stocks by 15 percentage points.

Simply Good Foods Co has an average 1 year price target of $38.86, an upside of 4.06% from Simply Good Foods Co's current stock price of $37.34.

Simply Good Foods Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Simply Good Foods Co, 42.86% have issued a Strong Buy rating, 14.29% have issued a Buy, 42.86% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the food stocks with highest dividends?

Out of 18 food stocks that have issued dividends in the past year, the 3 food stocks with the highest dividend yields are:

1. Lifevantage (NASDAQ:LFVN)

Lifevantage (NASDAQ:LFVN) has an annual dividend yield of 8.22%, which is 5 percentage points higher than the food industry average of 3.38%.

Lifevantage's dividend payout ratio of 192.9% indicates that its high dividend yield might not be sustainable for the long-term.

2. B&G Foods (NYSE:BGS)

B&G Foods (NYSE:BGS) has an annual dividend yield of 6.67%, which is 3 percentage points higher than the food industry average of 3.38%. B&G Foods's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. B&G Foods's dividend has not shown consistent growth over the last 10 years.

B&G Foods's dividend payout ratio of -85.4% indicates that its high dividend yield might not be sustainable for the long-term.

3. Conagra Brands (NYSE:CAG)

Conagra Brands (NYSE:CAG) has an annual dividend yield of 4.58%, which is 1 percentage points higher than the food industry average of 3.38%. Conagra Brands's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Conagra Brands's dividend has shown consistent growth over the last 10 years.

Conagra Brands's dividend payout ratio of 69.3% indicates that its high dividend yield is sustainable for the long-term.

Why are food stocks down?

Food stocks were down -0.39% in the last day, and up 0.63% over the last week.

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

What are the most undervalued food stocks?

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

1. Bon Natural Life (NASDAQ:BON)

Bon Natural Life (NASDAQ:BON) is the most undervalued food stock based on WallStreetZen's Valuation Score. Bon Natural Life has a valuation score of 71, which is 50 points higher than the food industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Bon Natural Life's stock has dropped -64.19% in the past year. It has underperformed other stocks in the food industry by -50 percentage points.

2. Kraft Heinz Co (NASDAQ:KHC)

Kraft Heinz Co (NASDAQ:KHC) is the second most undervalued food stock based on WallStreetZen's Valuation Score. Kraft Heinz Co has a valuation score of 71, which is 50 points higher than the food industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Kraft Heinz Co's stock has dropped -9.69% in the past year. It has overperformed other stocks in the food industry by 4 percentage points.

3. Central Garden & Pet Co (NASDAQ:CENT)

Central Garden & Pet Co (NASDAQ:CENT) is the third most undervalued food stock based on WallStreetZen's Valuation Score. Central Garden & Pet Co has a valuation score of 71, which is 50 points higher than the food industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Central Garden & Pet Co's stock has gained 45.26% in the past year. It has overperformed other stocks in the food industry by 59 percentage points.

Are food stocks a good buy now?

35% of food stocks rated by analysts are a strong buy right now. On average, analysts expect food stocks to rise by 11.97% over the next year.

What is the average p/e ratio of the packaged foods industry?

The average P/E ratio of the packaged foods industry is 7.99x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.