10 Most Profitable Consumer Defensive Stocks to Buy Now

8. Vital Farms, Inc. (NASDAQ:VITL)

Number of Hedge Fund holdings: 23

According to a recent disclosure with the SEC, Park Avenue Securities LLC acquired a new stake in Vital Farms, Inc. (NASDAQ:VITL). During the second quarter, the investment advisor bought 8,006 shares of the company’s stock worth approximately $308,000.

With customers leaning towards healthier food choices, Vital Farms, Inc. (NASDAQ:VITL) benefits from the rising demand for organic, ethical, and sustainable food. What makes this story even powerful is that customers are willing to pay premium prices for knowing what they are eating and how it’s processed. This not only drives revenue for the company but also strengthens its brand loyalty.

The business model of Vital Farms, Inc. (NASDAQ:VITL) definitely makes it more appealing than its competitors. Rather than owning and operating facilities, the company collaborates with over 500 small family farms to supply its eggs and other products.

Vital Farms, Inc. (NASDAQ:VITL) is a Texas-based food company engaging in the packaging, marketing, and distribution of shell eggs, butter, and other items. Founded in 2007, the company is committed to delivering ethically produced food.