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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
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
LWAY
LIFEWAY FOODS INC
$178.69MN/A0.00%N/AN/AN/AN/A
SMPL
SIMPLY GOOD FOODS CO
$3.59BN/A0.00%N/AN/AN/AN/A
PPC
PILGRIMS PRIDE CORP
$9.32BN/A0.00%N/AN/AN/AN/A
FTLF
FITLIFE BRANDS INC
$148.52MN/A0.00%N/AN/AN/AN/A
MAMA
MAMA's CREATIONS INC
$303.69MN/A0.00%N/AN/AN/AN/A
LW
LAMB WESTON HOLDINGS INC
$11.19B1.65%15.90%$0.3600$1.2835%02024-08-022024-08-30
INGR
INGREDION INC
$7.81B2.62%30.10%$0.7800$3.1253%02024-07-23
NATR
NATURES SUNSHINE PRODUCTS INC
$291.25MN/A0.00%$1.0000N/AN/A1
BON
BON NATURAL LIFE LTD
$2.44MN/A0.00%N/AN/AN/AN/A
KHC
KRAFT HEINZ CO
$40.22B4.83%69.60%$0.4000$1.6080%1
BRBR
BELLRING BRANDS INC
$6.61BN/A0.00%N/AN/AN/AN/A
JJSF
J&J SNACK FOODS CORP
$3.25B1.75%65.00%$0.7350$2.9438%0
FRPT
FRESHPET INC
$5.78BN/A0.00%N/AN/AN/AN/A
DAR
DARLING INGREDIENTS INC
$5.98BN/A0.00%N/AN/AN/AN/A
USNA
USANA HEALTH SCIENCES INC
$881.28MN/A0.00%N/AN/AN/AN/A
LANC
LANCASTER COLONY CORP
$5.06B1.93%72.50%$0.9000$3.5541%1
SENEA
SENECA FOODS CORP
$422.60MN/A0.00%N/AN/AN/AN/A
CENT
CENTRAL GARDEN & PET CO
$2.64BN/A0.00%N/AN/AN/AN/A
JBSS
SANFILIPPO JOHN B & SON INC
$1.14B3.04%62.50%$1.0000$3.0059%52024-08-202024-09-11
THS
TREEHOUSE FOODS INC
$1.99BN/A0.00%N/AN/AN/AN/A
GIS
GENERAL MILLS INC
$35.93B3.68%54.40%$0.6000$2.3769%02024-08-01
CPB
CAMPBELL SOUP CO
$13.85B3.19%59.40%$0.3700$1.4861%02024-07-29
SOWG
SOW GOOD INC
$188.24MN/A0.00%N/AN/AN/AN/A
HRL
HORMEL FOODS CORP
$17.43B3.53%79.10%$0.2825$1.1266%02024-08-15
SJM
J M SMUCKER CO
$12.53B3.59%59.40%$1.0600$4.2467%02024-08-162024-09-03
LFVN
LIFEVANTAGE CORP
$83.95M8.25%192.90%$0.0400$0.5592%1
FAMI
FARMMI INC
$3.47MN/A0.00%N/AN/AN/AN/A
MKC
MCCORMICK & CO INC
$19.77B2.24%58.70%$0.4200$1.6547%12024-07-22
NOMD
NOMAD FOODS LTD
$2.94B1.66%20.70%$0.1500$0.3036%0
LSF
LAIRD SUPERFOOD INC
$38.06MN/A0.00%N/AN/AN/AN/A
CAG
CONAGRA BRANDS INC
$14.17B4.72%191.80%$0.3500$1.4079%12024-08-012024-08-29
K
KELLANOVA
$19.82B2.97%85.90%$0.5600$1.7258%0
POST
POST HOLDINGS INC
$6.63BN/A0.00%N/AN/AN/AN/A
PETZ
TDH HOLDINGS INC
$13.73MN/A0.00%N/AN/AN/AN/A
FREE
WHOLE EARTH BRANDS INC
$209.94MN/A0.00%N/AN/AN/AN/A
FLO
FLOWERS FOODS INC
$4.74B3.08%153.30%$0.2300$0.6960%0
BRCC
BRC INC
$1.18BN/A0.00%N/AN/AN/AN/A
BRID
BRIDGFORD FOODS CORP
$89.59MN/A0.00%N/AN/AN/AN/A
RKDA
ARCADIA BIOSCIENCES INC
$4.09MN/A0.00%N/AN/AN/AN/A
RGF
REAL GOOD FOOD COMPANY INC
$16.51MN/A0.00%N/AN/AN/AN/A
NCRA
NOCERA INC
$13.96MN/A0.00%N/AN/AN/AN/A
KLG
WK KELLOGG CO
$1.37BN/AN/AN/AN/AN/AN/A
FARM
FARMER BROTHERS CO
$60.18MN/A0.00%N/AN/AN/AN/A
BSFC
BLUE STAR FOODS CORP
$2.27MN/A0.00%N/AN/AN/AN/A
BYND
BEYOND MEAT INC
$397.74MN/A0.00%N/AN/AN/AN/A
JVA
COFFEE HOLDING CO INC
$15.58MN/A0.00%$0.0700N/AN/A0
UTZ
UTZ BRANDS INC
$2.20B1.49%-95.80%$0.0590$0.2332%1
BRFS
BRF SA
$6.28BN/A0.00%$0.1995N/AN/A2
BOF
BRANCHOUT FOOD INC
$3.79MN/A0.00%N/AN/AN/AN/A
PAVS
PARANOVUS ENTERTAINMENT TECHNOLOGY LTD
$6.62MN/A0.00%$0.3000N/AN/A0
ATPC
AGAPE ATP CORP
$12.70MN/A0.00%N/AN/AN/AN/A
BGS
B&G FOODS INC
$646.64M9.29%-53.50%$0.1900$0.7693%12024-07-30
HAIN
HAIN CELESTIAL GROUP INC
$666.64MN/A0.00%N/AN/AN/AN/A
HLF
HERBALIFE LTD
$1.12BN/A0.00%N/AN/AN/AN/A
STKL
SUNOPTA INC
$621.50MN/A0.00%N/AN/AN/AN/A
PLAG
PLANET GREEN HOLDINGS CORP
$10.96MN/A0.00%N/AN/AN/AN/A
WEST
WESTROCK COFFEE CO
$892.63MN/A0.00%N/AN/AN/AN/A
BTTR
BETTER CHOICE CO INC
$3.25MN/A0.00%N/AN/AN/AN/A
STKH
STEAKHOLDER FOODS LTD
$7.96MN/A0.00%N/AN/AN/AN/A
SMFL
SMART FOR LIFE INC
$226.48kN/A0.00%N/AN/AN/AN/A
NUZE
NUZEE INC
$1.48MN/A0.00%N/AN/AN/AN/A
BRLS
BOREALIS FOODS INC
$191.88MN/AN/AN/AN/AN/AN/A
NAII
NATURAL ALTERNATIVES INTERNATIONAL INC
$35.16MN/A0.00%N/AN/AN/AN/A
DDC
DDC ENTERPRISE LTD
N/AN/AN/AN/AN/AN/AN/A
ABVE
ABOVE FOOD INGREDIENTS INC
$44.49MN/A0.00%N/AN/AN/AN/A
SNAX
STRYVE FOODS INC
$7.31MN/A0.00%N/AN/AN/AN/A

Food Stocks FAQ

What are the best food stocks to buy right now in Jul 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 67, which is 38 points higher than the food industry average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Lifeway Foods has seen its stock return 93.47% over the past year, overperforming other food stocks by 103 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, an upside of 15.23% from Lifeway Foods's current stock price of $12.15.

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. Simply Good Foods Co (NASDAQ:SMPL)


Simply Good Foods Co (NASDAQ:SMPL) is the second best food stock with a Zen Score of 60, which is 31 points higher than the food industry average of 29. It passed 19 out of 33 due diligence checks and has strong fundamentals. Simply Good Foods Co has seen its stock lose -4.37% over the past year, overperforming other food stocks by 5 percentage points.

Simply Good Foods Co has an average 1 year price target of $38.86, an upside of 8.27% from Simply Good Foods Co's current stock price of $35.89.

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.

3. Pilgrims Pride (NASDAQ:PPC)


Pilgrims Pride (NASDAQ:PPC) is the third best food stock with a Zen Score of 56, which is 27 points higher than the food industry average of 29. It passed 18 out of 33 due diligence checks and has strong fundamentals. Pilgrims Pride has seen its stock return 59.83% over the past year, overperforming other food stocks by 69 percentage points.

Pilgrims Pride has an average 1 year price target of $37.83, a downside of -3.86% from Pilgrims Pride's current stock price of $39.35.

Pilgrims Pride stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Pilgrims Pride, 50% have issued a Strong Buy rating, 16.67% have issued a Buy, 33.33% 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 16 food stocks that have issued dividends in the past year, the 3 food stocks with the highest dividend yields are:

1. B&G Foods (NYSE:BGS)


B&G Foods (NYSE:BGS) has an annual dividend yield of 9.29%, which is 6 percentage points higher than the food industry average of 3.53%. 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 -53.5% indicates that its high dividend yield might not be sustainable for the long-term.

2. Lifevantage (NASDAQ:LFVN)


Lifevantage (NASDAQ:LFVN) has an annual dividend yield of 8.25%, which is 5 percentage points higher than the food industry average of 3.53%.

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

3. Kraft Heinz Co (NASDAQ:KHC)


Kraft Heinz Co (NASDAQ:KHC) has an annual dividend yield of 4.83%, which is 1 percentage points higher than the food industry average of 3.53%. Kraft Heinz Co's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Kraft Heinz Co's dividend has not shown consistent growth over the last 10 years.

Kraft Heinz Co's dividend payout ratio of 69.6% indicates that its high dividend yield is sustainable for the long-term.

Why are food stocks down?

Food stocks were down -1.28% in the last day, and up 0.4% 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. Natures Sunshine Products (NASDAQ:NATR)


Natures Sunshine Products (NASDAQ:NATR) is the most undervalued food stock based on WallStreetZen's Valuation Score. Natures Sunshine Products has a valuation score of 100, which is 77 points higher than the food industry average of 23. It passed 7 out of 7 valuation due diligence checks.

Natures Sunshine Products's stock has gained 11.39% in the past year. It has overperformed other stocks in the food industry by 21 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 48 points higher than the food industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Kraft Heinz Co's stock has dropped -8.36% in the past year. It has overperformed other stocks in the food industry by 1 percentage points.

3. Darling Ingredients (NYSE:DAR)


Darling Ingredients (NYSE:DAR) is the third most undervalued food stock based on WallStreetZen's Valuation Score. Darling Ingredients has a valuation score of 71, which is 48 points higher than the food industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Darling Ingredients's stock has dropped -43.95% in the past year. It has underperformed other stocks in the food industry by -34 percentage points.

Are food stocks a good buy now?

38.1% of food stocks rated by analysts are a strong buy right now. On average, analysts expect food stocks to rise by 14.96% 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 30.86x.
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.