12 Best Food Stocks to Buy Under $30

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8. Herbalife Ltd. (NYSE:HLF)

Stock Price: $7.32

Number of Hedge Fund Holders: 28

Herbalife Ltd. (NYSE:HLF) is a global nutrition company that offers protein shakes, meal replacements such as soups and bars, high-protein snacks, teas, sports nutrition, and vitamins and supplements. Herbalife Ltd. (NYSE:HLF) also manages a portfolio of dietary supplements, which includes solutions for digestive health, heart health, immunity, and more. The company sells its products in around 95 markets across the globe.

The company reported net sales worth $1.2 billion in fiscal Q1 2025, with a constant currency growth of 1.4% year-over-year, excluding foreign exchange headwinds. This makes fiscal Q1 2025 the second consecutive quarter of year-over-year growth, which reflects Herbalife Ltd.’s (NYSE:HLF) resilience. The company also experienced a 16% year-over-year growth in the number of new distributors joining it, marking the fourth consecutive quarter of growth and highlighting its initiatives to continuously enhance its market reach and expand its distributor base.

Herbalife Ltd.’s (NYSE:HLF) strategic acquisition of assets from Pro2col Health LLC, Pruvit Ventures, Inc., and Link BioSciences Inc. are anticipated to bolster its distributor tools and product offerings, further supporting its growth strategy.

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