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	$271.06M	14,707,392	14.26%	85.74%	Net Selling	Net Selling
SMPL	SIMPLY GOOD FOODS CO	United States	$3.75B	99,988,966	82.10%	17.90%	Net Selling	Net Selling
BON	BON NATURAL LIFE LTD	China	$2.97M	1,173,866	3.10%	0.00%
FTLF	FITLIFE BRANDS INC	United States	$127.60M	4,598,241	0.87%	99.13%	Net Buying
KHC	KRAFT HEINZ CO	United States	$43.71B	1,214,298,182	75.44%	24.56%	Net Selling	Net Selling
MAMA	MAMA's CREATIONS INC	United States	$252.27M	37,263,096	48.93%	15.68%	Net Selling
INGR	INGREDION INC	United States	$7.85B	65,647,485	84.56%	7.27%	Net Selling	Net Selling
K	KELLANOVA	United States	$21.05B	341,883,645	68.34%	31.66%	Net Selling	Net Selling
NATR	NATURES SUNSHINE PRODUCTS INC	United States	$292.18M	18,729,775	24.00%	76.00%	Net Selling	Net Buying
CAG	CONAGRA BRANDS INC	United States	$14.69B	478,062,749	83.52%	7.72%	Net Selling	Net Selling
JJSF	J&J SNACK FOODS CORP	United States	$3.18B	19,386,215	28.96%	71.04%	Net Buying	Net Selling
LW	LAMB WESTON HOLDINGS INC	United States	$12.53B	144,391,021	88.69%	1.05%	Net Selling	Net Buying
DAR	DARLING INGREDIENTS INC	United States	$6.94B	159,779,553	92.46%	7.54%	Net Selling	Net Selling
JBSS	SANFILIPPO JOHN B & SON INC	United States	$1.19B	11,603,464	40.37%	59.63%	Net Selling
THS	TREEHOUSE FOODS INC	United States	$1.86B	52,600,000	75.44%	24.56%	Net Buying	Net Selling
CENT	CENTRAL GARDEN & PET CO	United States	$3.10B	67,403,050	77.16%	22.84%	Net Selling	Net Selling
CPB	CAMPBELL SOUP CO	United States	$13.85B	298,102,601	24.83%	75.17%	Net Selling	Net Selling
LANC	LANCASTER COLONY CORP	United States	$5.27B	27,527,000	43.82%	56.18%	Net Buying	Net Buying
USNA	USANA HEALTH SCIENCES INC	United States	$933.29M	19,050,568	17.77%	82.23%	Net Selling	Net Selling
NOMD	NOMAD FOODS LTD	United Kingdom	$2.96B	163,167,134	74.68%	0.00%
HRL	HORMEL FOODS CORP	United States	$19.89B	547,687,578	40.07%	48.37%	Net Selling	Net Buying
FRPT	FRESHPET INC	United States	$6.13B	48,431,049	61.88%	38.12%	Net Selling	Net Selling
MKC	MCCORMICK & CO INC	United States	$19.87B	268,412,705	80.30%	0.40%	Net Selling	Net Selling
BRBR	BELLRING BRANDS INC	United States	$7.49B	130,433,808	94.14%	4.52%	Net Buying	Net Selling
BRID	BRIDGFORD FOODS CORP	United States	$93.95M	9,076,832	1.45%	98.55%	Net Buying	Net Buying
SENEA	SENECA FOODS CORP	United States	$443.35M	7,117,502	41.07%	26.59%	Net Buying
GIS	GENERAL MILLS INC	United States	$40.22B	564,548,763	74.76%	1.53%	Net Selling	Net Selling
FAMI	FARMMI INC	China	$5.48M	6,094,078	0.49%	0.00%
FLO	FLOWERS FOODS INC	United States	$5.16B	211,141,599	65.21%	15.27%	Net Selling	Net Selling
LSF	LAIRD SUPERFOOD INC	United States	$24.80M	9,611,544	12.72%	39.55%	Net Buying	Net Buying
PPC	PILGRIMS PRIDE CORP	United States	$8.85B	236,943,487	3.78%	96.22%	Net Selling	Net Selling
SOWG	SOW GOOD INC	United States	$172.02M	10,142,429	0.00%	100.00%	Net Buying	Net Buying
LFVN	LIFEVANTAGE CORP	United States	$86.11M	12,700,556	10.04%	89.96%	Net Selling	Net Selling
BSFC	BLUE STAR FOODS CORP	United States	$4.00M	52,659,795	1.12%	23.73%	Net Buying	Net Buying
PETZ	TDH HOLDINGS INC	China	$12.18M	10,323,268	0.14%	0.00%
FREE	WHOLE EARTH BRANDS INC	United States	$208.21M	43,197,338	51.68%	38.59%	Net Buying	Net Selling
POST	POST HOLDINGS INC	United States	$6.44B	60,585,877	86.56%	13.44%	Net Selling	Net Selling
BRCC	BRC INC	United States	$1.23B	212,314,884	18.74%	44.80%	Net Buying	Net Selling
RGF	REAL GOOD FOOD COMPANY INC	United States	$20.55M	33,684,204	26.29%	38.56%	Net Selling	Net Selling
RKDA	ARCADIA BIOSCIENCES INC	United States	$4.16M	1,362,840	0.11%	99.89%	Net Buying
NCRA	NOCERA INC	United States	$13.83M	13,556,987	0.71%	32.13%	Net Buying
BRFS	BRF SA	Brazil	$6.35B	1,678,656,067	3.33%	0.00%
FARM	FARMER BROTHERS CO	United States	$62.30M	21,264,327	7.13%	92.87%	Net Buying
BYND	BEYOND MEAT INC	United States	$466.52M	64,884,712	46.46%	18.78%	Net Selling	Net Selling
SJM	J M SMUCKER CO	United States	$12.23B	106,175,550	78.25%	12.05%	Net Selling	Net Selling
JVA	COFFEE HOLDING CO INC	United States	$8.28M	5,708,599	9.88%	90.12%
KLG	WK KELLOGG CO	United States	$1.80B	85,877,528	79.25%	16.59%	Net Buying	Net Buying
BOF	BRANCHOUT FOOD INC	United States	$7.57M	4,253,288	1.99%	29.22%	Net Buying
ATPC	AGAPE ATP CORP	Malaysia	$19.63M	76,966,712	0.18%	0.00%
BGS	B&G FOODS INC	United States	$743.08M	79,051,120	67.77%	4.06%	Net Buying	Net Buying
UTZ	UTZ BRANDS INC	United States	$2.54B	140,822,973	52.58%	19.91%	Net Selling	Net Selling
PAVS	PARANOVUS ENTERTAINMENT TECHNOLOGY LTD	China	$6.46M	7,336,930	0.26%	0.00%
STKL	SUNOPTA INC	Canada	$645.99M	116,604,089	54.94%	45.06%	Net Selling	Net Selling
HAIN	HAIN CELESTIAL GROUP INC	United States	$663.05M	89,844,077	69.19%	30.81%	Net Buying	Net Buying
WEST	WESTROCK COFFEE CO	United States	$948.14M	89,531,651	36.14%	63.86%	Net Buying	Net Selling
PLAG	PLANET GREEN HOLDINGS CORP	United States	$17.30M	72,081,930	0.39%	71.14%	Net Selling
BTTR	BETTER CHOICE CO INC	United States	$3.20M	893,602	0.07%	99.93%	Net Buying
SMFL	SMART FOR LIFE INC	United States	$348.26k	113,809	0.81%	99.19%
STKH	STEAKHOLDER FOODS LTD	Israel	$10.78M	251,756,047	3.09%	0.00%
HLF	HERBALIFE LTD	Cayman Islands	$1.09B	99,967,569	19.28%	80.72%	Net Buying	Net Buying
NUZE	NUZEE INC	United States	$2.92M	1,298,414	7.48%	92.52%	Net Selling
BRLS	BOREALIS FOODS INC	Canada	$85.52M	21,378,890	0.13%	87.70%	Net Buying	Net Buying
NAII	NATURAL ALTERNATIVES INTERNATIONAL INC	United States	$40.62M	6,200,869	31.44%	62.72%	Net Selling	Net Selling
DDC	DDC ENTERPRISE LTD	China	N/A	20,158,176	0.84%	0.00%
SNAX	STRYVE FOODS INC	United States	$5.19M	3,287,009	4.41%	95.59%	Net Buying

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 65, which is 35 points higher than the food industry average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Lifeway Foods has seen its stock return 207.17% over the past year, overperforming other food stocks by 220 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, a downside of -24.04% from Lifeway Foods's current stock price of $18.43.

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 26 points higher than the food industry average of 30. It passed 18 out of 33 due diligence checks and has strong fundamentals. Bon Natural Life has seen its stock lose -61.08% over the past year, underperforming other food stocks by -48 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 26 points higher than the food industry average of 30. It passed 18 out of 33 due diligence checks and has strong fundamentals. Simply Good Foods Co has seen its stock lose -2.29% over the past year, overperforming other food stocks by 11 percentage points.

Simply Good Foods Co has an average 1 year price target of $38.86, an upside of 3.54% from Simply Good Foods Co's current stock price of $37.53.

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. B&G Foods (NYSE:BGS)

B&G Foods (NYSE:BGS) has an annual dividend yield of 8.09%, which is 5 percentage points higher than the food industry average of 3.44%. 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 7.96%, which is 5 percentage points higher than the food industry average of 3.44%.

Lifevantage's dividend payout ratio of 192.9% 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 4.56%, which is 1 percentage points higher than the food industry average of 3.44%. 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 -0.72% in the last day, and down -0.31% over the last week. Better Choice Co was the among the top losers in the packaged foods industry, dropping -24.79% yesterday.

Better Choice Company shares are trading lower after the company reported Q1 financial results.

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 75 points higher than the food industry average of 25. It passed 7 out of 7 valuation due diligence checks.

Natures Sunshine Products's stock has gained 38.54% in the past year. It has overperformed other stocks in the food industry by 52 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 86, which is 61 points higher than the food industry average of 25. It passed 6 out of 7 valuation due diligence checks.

Kraft Heinz Co's stock has dropped -7.48% in the past year. It has overperformed other stocks in the food industry by 6 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 46 points higher than the food industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Darling Ingredients's stock has dropped -31.22% in the past year. It has underperformed other stocks in the food industry by -18 percentage points.

Are food stocks a good buy now?

39.02% of food stocks rated by analysts are a strong buy right now. On average, analysts expect food stocks to rise by 10.29% 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 24.21x.

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.