10 Best Alternative Meat Stocks to Invest In According to Analysts

7. The Kraft Heinz Company (NASDAQ:KHC)

Stock Upside Potential as of July 23: 4.80%

Number of Hedge Fund Holders: 46

The Kraft Heinz Company (NASDAQ:KHC) is one of the best alternative meat stocks to invest in according to analysts. On July 14, BofA Securities reaffirmed its Underperform rating and $29 price target for KHC, despite reports that the company may split into two units—grocery and sauces/spreads.

The proposed split would follow recent board changes aimed at boosting shareholder value, with the grocery unit accounting for 55% of sales ($14B) and the Taste Elevation division contributing the remaining 45% ($11B). Key brands in the grocery unit would include Kraft, Oscar Mayer, and Lunchables, while the Taste Elevation arm would feature Heinz and Philadelphia.

The Kraft Heinz Company (NASDAQ:KHC) is a multinational food and beverage manufacturer with well-known brands, including Oscar Mayer and Kraft. In 2022, it partnered with NotCo, a Chilean food tech company, to form The Kraft Heinz Not Company, a joint venture focused on leveraging AI to develop plant-based and alternative protein products. The partnership includes plans to explore advanced technologies that intersect with lab-grown meat innovation.