3 Best Food Stocks to Buy Now

The significance of food stocks has increased in the pandemic era.

With people stuck at home, they are consuming more food and beverages than ever. The fact that restaurants and stores have restrictions, people barely want to risk going out.

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‎Still, food is a major necessity of life and the increasing food consumption has added extra momentum to food stocks. While people stay at home, what else they do: eat and eat a lot.

Everyone wants to eat and the consumption of snaking, cereal, and vegan food has increased during this year. With the pandemic seeming to go on forever, there are food companies that hold an upside momentum going forward. Here are the potential food stocks to buy.

Mondelez International (MDLZ)

Mondelez International (MDLZ) is one of the biggest snack food providers in the world. The company owns popular brands, including Cadbury, Trident, Oreo, and Halls.

The company’s sales rebounded in Europe, Asia, Africa, and the Middle East after the stores started to reopen after lockdown periods. The CEO of Mondelez, Dirk Van de Put stated that consumers were snacking more at home than they did before the pandemic.

Since March 11, 2020, MDLZ shares price has soared by 9.2%. While the revenue for the first nine-months of 2020 is up 1.7%. The growth during this period might seem a bit low, that’s because the company is trying to overcome logistics challenges amid the pandemic issues.

Now, it’s time for Mondelez to move towards accelerating growth as the company has had a chance to adapt. The company has an estimated revenue outlook of +3.5% for the fiscal year 2021. At the same time, analysts are betting on the top-line growth of 3.7% in the next year.

Both the outlines show that Mondelez may have slow growth, but it has a positive trajectory for the long run.

TreeHouse Foods (THS)

TreeHouse Foods (THS) is a multinational food producer that specializes in the production of private-label packaged food products. The company produces a wide range of food products including single-serve coffees, powdered creamers and beverages, and many other products.

The stock price of TreeHouse has soared up to 10.9% since March 11. Adjusting its future outlook, the company is well-positioned to make solid growth in the long-term run. TreeHouse expects to generate more revenue due to increasing demand and its improved supply change.

A company with a market cap of just $2.36 billion; the private-label food producer holds a positive momentum going forward. Analysts rate the stock as a buy.

Laird Superfood (LSF)

Laird Superfood (LSF) is a company that would be more consumer-driven towards those who keenly take care of their diet. Laird Hamilton started with a special superfood creamer, that provides healthy and functional energy when added to coffee, which ledto the birth of Laird Superfood.

The significance of Laird Superfood is immense considering the health problems during the pandemic. People are concerned about their health and diet routine, more than ever before.

The company’s very special, the Original Superfood Creamer is one of the favorites for the public. The consumers enjoy taking the Superfood Creamer to feel refreshed.

That’s a major reason why the sales of Laird have surged 2,200% from 2016 to 2019. Following that, the sales have added another +100% tally in 2020 so far. This settles the sales to just over $20 million in the U.S. While the overall U.S. market stands around $3 billion.

So, we can say that Laird’s hyper-growth narrative stands a fair chance in the $3 billion creamer market. The company is expected to maintain +20% revenue growth in the next few years.

This shows that Larid Superfood (LSF) is a promising firm for long-term growth. The company with a market value of just over $452.72 million has upside potential. So, it can be a suitable investment if you are looking for low-valued stock.

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