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

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
MAMA	MAMA's CREATIONS INC	$221.34M	N/A	0.00%	N/A	N/A	N/A	N/A
LWAY	LIFEWAY FOODS INC	$300.43M	N/A	0.00%	N/A	N/A	N/A	N/A
SMPL	SIMPLY GOOD FOODS CO	$3.64B	N/A	0.00%	N/A	N/A	N/A	N/A
BON	BON NATURAL LIFE LTD	$5.12M	N/A	0.00%	N/A	N/A	N/A	N/A
JJSF	J&J SNACK FOODS CORP	$2.66B	2.12%	69.30%	$0.7350	$2.91	41%	0
JBSS	SANFILIPPO JOHN B & SON INC	$1.16B	3.51%	60.30%	$2.0000	$3.50	61%	4
LANC	LANCASTER COLONY CORP	$5.25B	1.83%	73.60%	$0.9000	$3.50	36%	1
INGR	INGREDION INC	$7.51B	2.66%	30.60%	$0.7800	$3.05	50%	0
DAR	DARLING INGREDIENTS INC	$6.76B	N/A	0.00%	N/A	N/A	N/A	N/A
THS	TREEHOUSE FOODS INC	$2.03B	N/A	0.00%	N/A	N/A	N/A	N/A
LW	LAMB WESTON HOLDINGS INC	$12.03B	1.44%	15.90%	$0.3600	$1.20	28%	0	2024-05-02	2024-05-31
CENT	CENTRAL GARDEN & PET CO	$2.75B	N/A	0.00%	N/A	N/A	N/A	N/A
K	KELLANOVA	$19.71B	3.99%	84.20%	$0.5600	$2.31	67%	0	2024-06-03	2024-06-14
HRL	HORMEL FOODS CORP	$19.48B	3.14%	75.80%	$0.2825	$1.12	56%	0		2024-05-15
CAG	CONAGRA BRANDS INC	$14.71B	4.55%	69.30%	$0.3500	$1.40	74%	1		2024-05-30
KHC	KRAFT HEINZ CO	$46.84B	4.14%	68.70%	$0.4000	$1.60	70%	1
BRBR	BELLRING BRANDS INC	$7.23B	N/A	0.00%	N/A	N/A	N/A	N/A
NOMD	NOMAD FOODS LTD	$2.95B	0.83%	12.20%	$0.1500	$0.15	15%	0
CPB	CAMPBELL SOUP CO	$13.63B	3.24%	57.40%	$0.3700	$1.48	57%	0
MKC	MCCORMICK & CO INC	$20.42B	2.13%	60.20%	$0.4200	$1.62	42%	1
FAMI	FARMMI INC	$5.12M	N/A	0.00%	N/A	N/A	N/A	N/A
LFVN	LIFEVANTAGE CORP	$78.50M	8.85%	232.60%	$0.0350	$0.54	91%	1
USNA	USANA HEALTH SCIENCES INC	$798.87M	N/A	0.00%	N/A	N/A	N/A	N/A
FLO	FLOWERS FOODS INC	$5.25B	3.69%	156.90%	$0.2300	$0.92	63%	0
BRID	BRIDGFORD FOODS CORP	$95.41M	N/A	0.00%	N/A	N/A	N/A	N/A
SENEA	SENECA FOODS CORP	$413.46M	N/A	0.00%	N/A	N/A	N/A	N/A
GIS	GENERAL MILLS INC	$39.78B	3.35%	52.50%	$0.5900	$2.36	59%	0		2024-05-01
FRPT	FRESHPET INC	$5.12B	N/A	0.00%	N/A	N/A	N/A	N/A
RGF	REAL GOOD FOOD COMPANY INC	$9.57M	N/A	0.00%	N/A	N/A	N/A	N/A
NATR	NATURES SUNSHINE PRODUCTS INC	$366.03M	N/A	0.00%	$1.0000	N/A	N/A	1
BSFC	BLUE STAR FOODS CORP	$2.28M	N/A	0.00%	N/A	N/A	N/A	N/A
PETZ	TDH HOLDINGS INC	$11.53M	N/A	0.00%	N/A	N/A	N/A	N/A
BRCC	BRC INC	$827.39M	N/A	0.00%	N/A	N/A	N/A	N/A
LSF	LAIRD SUPERFOOD INC	$18.26M	N/A	0.00%	N/A	N/A	N/A	N/A
RKDA	ARCADIA BIOSCIENCES INC	$2.79M	N/A	0.00%	N/A	N/A	N/A	N/A
FREE	WHOLE EARTH BRANDS INC	$206.58M	N/A	0.00%	N/A	N/A	N/A	N/A
BYND	BEYOND MEAT INC	$438.51M	N/A	0.00%	N/A	N/A	N/A	N/A
POST	POST HOLDINGS INC	$6.44B	N/A	0.00%	N/A	N/A	N/A	N/A
KLG	WK KELLOGG CO	$2.00B	N/A	0.00%	N/A	N/A	N/A	N/A
BRFS	BRF SA	$5.52B	N/A	0.00%	$0.1995	N/A	N/A	2
BTTR	BETTER CHOICE CO INC	$4.75M	N/A	0.00%	N/A	N/A	N/A	N/A
PPC	PILGRIMS PRIDE CORP	$8.53B	N/A	0.00%	N/A	N/A	N/A	N/A
NCRA	NOCERA INC	$16.07M	N/A	0.00%	N/A	N/A	N/A	N/A
WEST	WESTROCK COFFEE CO	$892.66M	N/A	0.00%	N/A	N/A	N/A	N/A
SJM	J M SMUCKER CO	$12.19B	3.66%	-525.00%	$1.0600	$4.20	63%	0	2024-05-16	2024-06-03
NUZE	NUZEE INC	$1.69M	N/A	0.00%	N/A	N/A	N/A	N/A
JVA	COFFEE HOLDING CO INC	$9.31M	N/A	0.00%	$0.0700	N/A	N/A	0
PLAG	PLANET GREEN HOLDINGS CORP	$14.78M	N/A	0.00%	N/A	N/A	N/A	N/A
STKL	SUNOPTA INC	$760.02M	N/A	0.00%	N/A	N/A	N/A	N/A
BOF	BRANCHOUT FOOD INC	$9.63M	N/A	0.00%	N/A	N/A	N/A	N/A
BGS	B&G FOODS INC	$872.72M	6.85%	-85.40%	$0.1900	$0.76	87%	1
PAVS	PARANOVUS ENTERTAINMENT TECHNOLOGY LTD	$7.85M	N/A	0.00%	$0.3000	N/A	N/A	0
FARM	FARMER BROTHERS CO	$65.33M	N/A	0.00%	N/A	N/A	N/A	N/A
SMFL	SMART FOR LIFE INC	$357.36k	N/A	0.00%	N/A	N/A	N/A	N/A
HLF	HERBALIFE LTD	$858.61M	N/A	0.00%	N/A	N/A	N/A	N/A
STKH	STEAKHOLDER FOODS LTD	$10.95M	N/A	0.00%	N/A	N/A	N/A	N/A
UTZ	UTZ BRANDS INC	$2.54B	1.28%	-73.50%	$0.0590	$0.23	24%	1		2024-05-02
BRLS	BOREALIS FOODS INC	$85.52M	N/A	N/A	N/A	N/A	N/A	N/A
HAIN	HAIN CELESTIAL GROUP INC	$551.57M	N/A	0.00%	N/A	N/A	N/A	N/A
NAII	NATURAL ALTERNATIVES INTERNATIONAL INC	$37.87M	N/A	0.00%	N/A	N/A	N/A	N/A
TWG	TOP WEALTH GROUP HOLDING LTD	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SNAX	STRYVE FOODS INC	$4.75M	N/A	0.00%	N/A	N/A	N/A	N/A
DDC	DDC ENTERPRISE LTD	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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. Mama's Creations (NASDAQ:MAMA)

Mama's Creations (NASDAQ:MAMA) is the top food stock with a Zen Score of 59, which is 31 points higher than the food industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Mama's Creations has seen its stock return 165.18% over the past year, overperforming other food stocks by 182 percentage points.

Mama's Creations has an average 1 year price target of $7.83, an upside of 31.87% from Mama's Creations's current stock price of $5.94.

Mama's Creations stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Mama's Creations, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Lifeway Foods (NASDAQ:LWAY)

Lifeway Foods (NASDAQ:LWAY) is the second best 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 240.27% over the past year, overperforming other food stocks by 257 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, a downside of -31.54% from Lifeway Foods's current stock price of $20.45.

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.

3. Bon Natural Life (NASDAQ:BON)

Bon Natural Life (NASDAQ:BON) 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. Bon Natural Life has seen its stock lose -49.28% over the past year, underperforming other food stocks by -32 percentage points.

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 8.85%, which is 5 percentage points higher than the food industry average of 3.4%.

Lifevantage's dividend payout ratio of 232.6% 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 6.85%, which is 3 percentage points higher than the food industry average of 3.4%. 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 4.55%, which is 1 percentage points higher than the food industry average of 3.4%. 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 dividend yield is sustainable for the long-term.

Why are food stocks down?

Food stocks were down -0.48% in the last day, and down -0.13% 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 49 points higher than the food industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Bon Natural Life's stock has dropped -49.28% in the past year. It has underperformed other stocks in the food industry by -32 percentage points.

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

Central Garden & Pet Co (NASDAQ:CENT) is the second most undervalued food stock based on WallStreetZen's Valuation Score. Central Garden & Pet Co has a valuation score of 71, which is 49 points higher than the food industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Central Garden & Pet Co's stock has gained 39.44% in the past year. It has overperformed other stocks in the food industry by 57 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 57, which is 35 points higher than the food industry average of 22. It passed 4 out of 7 valuation due diligence checks.

Darling Ingredients's stock has dropped -28.19% in the past year. It has underperformed other stocks in the food industry by -11 percentage points.

Are food stocks a good buy now?

35% of food stocks rated by analysts are a hold right now. On average, analysts expect food stocks to rise by 12.81% 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 8.63x.

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.