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	$223.58M	N/A	0.00%	N/A	N/A	N/A	N/A
LWAY	LIFEWAY FOODS INC	$305.28M	N/A	0.00%	N/A	N/A	N/A	N/A
SMPL	SIMPLY GOOD FOODS CO	$3.67B	N/A	0.00%	N/A	N/A	N/A	N/A
BON	BON NATURAL LIFE LTD	$4.52M	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
KHC	KRAFT HEINZ CO	$44.05B	4.41%	69.60%	$0.4000	$1.60	72%	1
INGR	INGREDION INC	$7.49B	2.67%	30.60%	$0.7800	$3.05	50%	0
DAR	DARLING INGREDIENTS INC	$6.70B	N/A	0.00%	N/A	N/A	N/A	N/A
LANC	LANCASTER COLONY CORP	$5.27B	1.83%	73.60%	$0.9000	$3.50	36%	1
LW	LAMB WESTON HOLDINGS INC	$11.87B	1.46%	15.90%	$0.3600	$1.20	28%	0	2024-05-02	2024-05-31
THS	TREEHOUSE FOODS INC	$2.05B	N/A	0.00%	N/A	N/A	N/A	N/A
JBSS	SANFILIPPO JOHN B & SON INC	$1.17B	3.47%	62.50%	$2.0000	$3.50	61%	4
CAG	CONAGRA BRANDS INC	$14.70B	4.55%	69.30%	$0.3500	$1.40	74%	1		2024-05-30
CENT	CENTRAL GARDEN & PET CO	$2.79B	N/A	0.00%	N/A	N/A	N/A	N/A
K	KELLANOVA	$19.41B	4.05%	84.20%	$0.5600	$2.31	69%	0	2024-06-03	2024-06-14
HRL	HORMEL FOODS CORP	$19.31B	3.16%	75.80%	$0.2825	$1.12	56%	0		2024-05-15
NOMD	NOMAD FOODS LTD	$2.94B	0.83%	12.20%	$0.1500	$0.15	15%	0	2024-05-08	2024-05-28
CPB	CAMPBELL SOUP CO	$13.57B	3.25%	57.40%	$0.3700	$1.48	58%	0
BRBR	BELLRING BRANDS INC	$7.27B	N/A	0.00%	N/A	N/A	N/A	N/A
MKC	MCCORMICK & CO INC	$20.01B	2.17%	60.20%	$0.4200	$1.62	43%	1
LFVN	LIFEVANTAGE CORP	$79.53M	8.74%	232.60%	$0.0350	$0.54	91%	1
FAMI	FARMMI INC	$5.10M	N/A	0.00%	N/A	N/A	N/A	N/A
USNA	USANA HEALTH SCIENCES INC	$876.41M	N/A	0.00%	N/A	N/A	N/A	N/A
FLO	FLOWERS FOODS INC	$5.27B	3.67%	156.90%	$0.2300	$0.92	63%	0
BRID	BRIDGFORD FOODS CORP	$95.82M	N/A	0.00%	N/A	N/A	N/A	N/A
GIS	GENERAL MILLS INC	$39.51B	3.37%	52.50%	$0.5900	$2.36	59%	0
SENEA	SENECA FOODS CORP	$416.52M	N/A	0.00%	N/A	N/A	N/A	N/A
FRPT	FRESHPET INC	$5.10B	N/A	0.00%	N/A	N/A	N/A	N/A
RGF	REAL GOOD FOOD COMPANY INC	$16.51M	N/A	0.00%	N/A	N/A	N/A	N/A
BSFC	BLUE STAR FOODS CORP	$2.32M	N/A	0.00%	N/A	N/A	N/A	N/A
NATR	NATURES SUNSHINE PRODUCTS INC	$363.40M	N/A	0.00%	$1.0000	N/A	N/A	1
PETZ	TDH HOLDINGS INC	$11.77M	N/A	0.00%	N/A	N/A	N/A	N/A
BRCC	BRC INC	$791.32M	N/A	0.00%	N/A	N/A	N/A	N/A
LSF	LAIRD SUPERFOOD INC	$22.69M	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
KLG	WK KELLOGG CO	$2.04B	N/A	0.00%	N/A	N/A	N/A	N/A
POST	POST HOLDINGS INC	$6.36B	N/A	0.00%	N/A	N/A	N/A	N/A
BRFS	BRF SA	$5.59B	N/A	0.00%	$0.1995	N/A	N/A	2
BTTR	BETTER CHOICE CO INC	$4.59M	N/A	0.00%	N/A	N/A	N/A	N/A
PPC	PILGRIMS PRIDE CORP	$8.38B	N/A	0.00%	N/A	N/A	N/A	N/A
NCRA	NOCERA INC	$15.29M	N/A	0.00%	N/A	N/A	N/A	N/A
WEST	WESTROCK COFFEE CO	$918.19M	N/A	0.00%	N/A	N/A	N/A	N/A
SJM	J M SMUCKER CO	$12.06B	3.70%	-525.00%	$1.0600	$4.20	64%	0	2024-05-16	2024-06-03
PLAG	PLANET GREEN HOLDINGS CORP	$13.70M	N/A	0.00%	N/A	N/A	N/A	N/A
NUZE	NUZEE INC	$1.90M	N/A	0.00%	N/A	N/A	N/A	N/A
STKL	SUNOPTA INC	$700.84M	N/A	0.00%	N/A	N/A	N/A	N/A
BYND	BEYOND MEAT INC	$439.16M	N/A	0.00%	N/A	N/A	N/A	N/A
JVA	COFFEE HOLDING CO INC	$8.79M	N/A	0.00%	$0.0700	N/A	N/A	0
BOF	BRANCHOUT FOOD INC	$9.71M	N/A	0.00%	N/A	N/A	N/A	N/A
PAVS	PARANOVUS ENTERTAINMENT TECHNOLOGY LTD	$7.70M	N/A	0.00%	$0.3000	N/A	N/A	0
BGS	B&G FOODS INC	$871.15M	6.86%	-85.40%	$0.1900	$0.76	87%	1
FARM	FARMER BROTHERS CO	$67.44M	N/A	0.00%	N/A	N/A	N/A	N/A
SMFL	SMART FOR LIFE INC	$364.19k	N/A	0.00%	N/A	N/A	N/A	N/A
STKH	STEAKHOLDER FOODS LTD	$11.08M	N/A	0.00%	N/A	N/A	N/A	N/A
HLF	HERBALIFE LTD	$867.72M	N/A	0.00%	N/A	N/A	N/A	N/A
UTZ	UTZ BRANDS INC	$2.55B	1.27%	-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	$589.30M	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
NAII	NATURAL ALTERNATIVES INTERNATIONAL INC	$38.06M	N/A	0.00%	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 167.86% over the past year, overperforming other food stocks by 185 percentage points.

Mama's Creations has an average 1 year price target of $7.83, an upside of 30.55% from Mama's Creations's current stock price of $6.00.

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 245.76% over the past year, overperforming other food stocks by 263 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, a downside of -32.63% from Lifeway Foods's current stock price of $20.78.

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 -55.23% over the past year, underperforming other food stocks by -38 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 8.74%, which is 5 percentage points higher than the food industry average of 3.42%.

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 6.86%, which is 3 percentage points higher than the food industry average of 3.42%. 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 3.42%. 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 -0.11% in the last day, and down -0.89% over the last week. Bon Natural Life was the among the top losers in the packaged foods industry, dropping -11.74% yesterday.

Bon Natural Life shares are trading lower in sympathy with Estee Lauder, which issued weak guidance.

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 -55.23% in the past year. It has underperformed other stocks in the food industry by -38 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 -8.75% in the past year. It has overperformed other stocks in the food industry by 9 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 41.11% in the past year. It has overperformed other stocks in the food industry by 58 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 13.05% 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 8.42x.

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.