10 Cheap Food Stocks to Buy

Published on May 4, 2023 at 9:07 am by Fatima Farooq in Hedge Funds, News

In this article, we will be taking a look at 10 cheap food stocks to buy. To skip our detailed analysis of the food sector and to see more of these stocks, you can go directly to see the 5 Cheap Food Stocks to Buy.

The food and beverage industry is one that has long been considered an industry that can weather the worst storms. Even in times of recession, the industry perseveres, considering the fact that no matter how bad things get, consumers will always be looking to buy food. This steady demand has resulted in the food and beverage industry today being one of the largest industries in the world. In one of our previous articles, we mentioned that this industry was worth $2.3 trillion in 2021 and was expected to grow at a compound annual growth rate of 10.6% to reach a valuation of $5.1 trillion by 2029. According to a report by the Business Research Company published in January, the industry had grown to be worth $6.7 trillion in 2022 and $7.2 trillion by the start of 2023. This exceptional and consistent growth of the industry is had been aided by a range of factors, one of which is the increase in food prices.

Russo-Ukrainian Conflict and its Impact on the Food Industry

With the outbreak of the Russo-Ukrainian conflict, many industries were hit, resulting in product scarcity across many sectors and consequent price rises with supply being unable to meet demand. The same trend was observed in the food and beverage industry, where a huge increase in food prices was observed through 2022 and even heading into 2023. Russia and Ukraine are two of the world’s largest exporters of wheat and other crops. According to a CNN article published in January, the start of the war drove the Food Price Index developed by the Food and Agriculture Organization of the United Nations to its highest annual level on records going back as far as 2005. The Index rose by over 14% in 2022 compared to 2021.

With the entry of these two countries into a second year of war, vulnerable countries are continuing to face heightened food insecurity as prices remain high even after dropping in March. According to the Food and Agriculture Organization of the United Nations, since March 2022, there have been 11 consistent price declines every month till March 23 when it comes to the food industry. As of this March, these price declines have brought food prices down 19% from their peak in March 2022.

A Positive Outlook Heading into 2023

Despite such price fluctuations and uncertainty in the market, food stocks such as Archer Daniels Midland Company (NYSE:ADM), Tyson Foods, Inc. (NYSE:TSN), and The Kraft Heinz Company (NASDAQ:KHC) have continued to retain their popularity in 2023. Companies operating in this industry also seem to have a positive outlook heading into 2023, according to a survey conducted by Marcum Accountants & Advisors in 2022. The survey showed that 71% of the respondents, who were executives at food manufacturers, restaurants, distributors, retailers, and agriculture producers, reported revenue growth for their businesses between 2021 and 2022. An additional 69% of the respondents projected revenues rising over the next 12 months, while 64% of respondents had a positive outlook for the industry over the next year.

Photo by Darla Hueske on Unsplash

Let’s now take a look at 10 cheap food stocks to buy.

Our Methodology

To select food stocks for our list below, we first compiled a list of popular food stocks based on analyst and hedge fund sentiments. We then shortlisted these stocks to 10 based on analysts’ expected upside potential for them. We got this data from TipRanks and ranked the stocks based on their upside potential, from the lowest to the highest number. For hedge fund sentiment, we referred to Insider Monkey’s hedge fund data for the fourth quarter, when 943 hedge funds were tracked.

Cheap Food Stocks to Buy

10. Mondelez International, Inc. (NASDAQ:MDLZ)

Upside Potential as of April 1: 7.96%

Average Price Target as of April 1: $75.27

Number of Hedge Fund Holders: 46

Mondelez International, Inc. (NASDAQ:MDLZ) is a packaged foods and meats company based in Chicago, Illinois. It manufactures and sells snack food and beverage products globally.

On March 20, Deutsche Bank’s Steve Powers reiterated a Buy rating on Mondelez International, Inc. (NASDAQ:MDLZ) shares, alongside a $73 price target.

Mondelez International, Inc. (NASDAQ:MDLZ) is a reliable dividend stock, which can be of interest to income investors since the company has raised its dividend for the past nine years. As of April 1, it has a dividend yield of 2.21%. Shares of Mondelez International, Inc. (NASDAQ:MDLZ) are also intrinsically undervalued today, with Wall Street analysts placing an average price target of $75.27 on them. The shares were trading at $69.72 on April 1, and this gives them an upside potential of 7.96%.

GLG Partners was the largest shareholder in Mondelez International, Inc. (NASDAQ:MDLZ) at the end of the fourth quarter, holding 3.5 million shares. In total, 46 hedge funds were long the stock, with a total stake value of $1.5 billion.

Mondelez International, Inc. (NASDAQ:MDLZ), like Archer Daniels Midland Company (NYSE:ADM), Tyson Foods, Inc. (NYSE:TSN), and The Kraft Heinz Company (NASDAQ:KHC), is a highly popular food stock with immense upside potential.

9. The Coca-Cola Company (NYSE:KO)

Upside Potential as of April 1: 9.91%

Average Price Target as of April 1: $68.18

Number of Hedge Fund Holders: 58

The Coca-Cola Company (NYSE:KO) is a consumer staples company based in Atlanta, Georgia. It offers beverages under various brands like Coca-Cola, Diet Coke, and Fanta.

Analysts at JPMorgan hold an Overweight rating on shares of The Coca-Cola Company (NYSE:KO) as of March 13.

The Coca-Cola Company (NYSE:KO) is another attractive dividend stock on our list, with a dividend yield of 2.97% as of April 1. The company has been raising its yield for the past 60 years, making its dividend highly reliable. Analysts have an average price target of $68.18 on The Coca-Cola Company (NYSE:KO) shares, with a high forecast of $74, and they rate the stock as a Strong Buy.

Out of the 943 hedge funds tracked by Insider Monkey in the fourth quarter, 58 hedge funds were long The Coca-Cola Company (NYSE:KO). Their total stake value was $28.8 billion.

8. The Kraft Heinz Company (NASDAQ:KHC)

Upside Potential as of April 1: 12.49%

Average Price Target as of April 1:$43.50

Number of Hedge Fund Holders: 39

The Kraft Heinz Company (NASDAQ:KHC) is a food company based in Pittsburgh, Pennsylvania. The company’s products include condiments and sauces, cheese and dairy, meats, and more.

Analysts at Deutsche Bank hold a Buy rating on The Kraft Heinz Company (NASDAQ:KHC) shares as of March 20.

Today, The Kraft Heinz Company (NASDAQ:KHC) is the third-largest food manufacturer in North America. The company had a forward P/E ratio of 13.8 on March 19, which was well below its normal P/E ratio of 17.2. Analysts have placed an average price target of $43.50 on The Kraft Heinz Company (NASDAQ:KHC) shares, with a high forecast of $50.

Berkshire Hathaway was the largest shareholder in The Kraft Heinz Company (NASDAQ:KHC) at the end of the fourth quarter, holding 325 million shares. There were 39 hedge funds long the stock in total, with a total stake value of $13.9 billion.

7. Adecoagro S.A. (NYSE:AGRO)

Upside Potential as of April 1: 18.05%

Average Price Target as of April 1: $9.55

Number of Hedge Fund Holders: 7

Adecoagro S.A. (NYSE:AGRO) is an agro-industrial company based in Luxembourg. It engages in farming crops and other agricultural products such as sugar, wheat, and corn.

On February 15, Grupo Santander’s Christian Audi upgraded shares of Adecoagro S.A. (NYSE:AGRO) from Neutral to Outperform.

The average price target placed on Adecoagro S.A. (NYSE:AGRO) shares is $9.55, with a high forecast of $13. The shares were trading at $8.09 on April 1, so the average price target gives them an upside potential of 18.05%. Adecoagro S.A. (NYSE:AGRO) also has a low P/E ratio of 5.63 and an EV/Revenue (TTM) ratio of 1.5, highlighting the intrinsic undervaluedness of the shares.

Our hedge fund data for the fourth quarter shows seven funds long Adecoagro S.A. (NYSE:AGRO), with a total stake value of $113 million.

6. Performance Food Group Company (NYSE:PFGC)

Upside Potential as of April 1: 21.58%

Average Price Target as of April 1: $73.36

Number of Hedge Fund Holders: 29

Performance Food Group Company (NYSE:PFGC) is a food distributing company based in Richmond, Virginia. The company offers frozen foods, groceries, candy, snacks, beverages, and more.

Mark Carden, an analyst at UBS, holds a Buy rating on Performance Food Group Company (NYSE:PFGC) shares as of February 9. The analyst also placed a price target of $76 on the shares.

In the second quarter of fiscal 2023, Performance Food Group Company (NYSE:PFGC) generated revenues of $13.9 billion, representing a year-over-year increase of about 8.3%. The company has an EV/Revenue (TTM) ratio of 0.27, meaning it is currently undervalued compared to its potential. Analysts have an average price target of $73.36 on the shares, with a high forecast of $78.

In total, 29 hedge funds were long Performance Food Group Company (NYSE:PFGC). Their total stake value was $524 million.

ClearBridge Investments, an investment management firm, mentioned Performance Food Group Company (NYSE:PFGC) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“The portfolio benefited from stock selection within consumer staples due to increased demand from shifts in consumer purchasing resulting from inflationary pressures and growing recession fears. Performance Food Group Company (NYSE:PFGC), a food supplier to restaurants and convenience stores, continues to benefit from a recovery of consumer demand for dining following the COVID-19 pandemic. Additionally, the new synergies from its acquisition of Core-Mark in 2021 have strengthened and continue to grow the company’s market share within the convenience store channel.”

Performance Food Group Company (NYSE:PFGC), like Archer Daniels Midland Company (NYSE:ADM), Tyson Foods, Inc. (NYSE:TSN), and The Kraft Heinz Company (NASDAQ:KHC), is an attractive food stock with elite hedge funds piling into it today.

Click to continue reading and see the 5 Cheap Food Stocks to Buy.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

Access to our Detailed Report on our AI, Tariffs, and Nuclear Energy Stock with 100+% potential upside within 12 to 24 months
BONUS REPORT on our #1 AI-Robotics Stock with 10000% upside potential: Our in-depth report dives deep into our #1 AI/robotics stock’s groundbreaking technology and massive growth potential.
One New Issue of Our Premium Readership Newsletter: You will also receive one new issue per month and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.
One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
Bonus Content: Premium access to members-only fund manager video interviews
Ad-Free Browsing: Enjoy a month of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Price Guarantee: Your renewal rate will always remain the same as long as your subscription is active.
30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

Insider Monkey Ads

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up