12 Best Food Stocks to Buy Under $30

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4. Conagra Brands, Inc. (NYSE:CAG)

Stock Price: $23.86

Number of Hedge Fund Holders: 32

Conagra Brands, Inc. (NYSE:CAG) is a consumer-packaged goods food company that operates in three segments: Grocery & Snacks, Refrigerated & Frozen, and International. Its brand portfolio encompasses Birds Eye, Duncan Hines, Healthy Choice, Marie Callender’s, Reddi-wip, and BOOMCHICKAPOP. It is the fourth best food stock to buy under $30.

On May 2, Barclays analyst Andrew Lazar maintained a Buy rating on Conagra Brands, Inc. (NYSE:CAG) and set a price target of $29.00. With consumer lifestyles continuing to evolve, a strong demand for convenient, high-quality frozen meals and snacks is expected. Conagra Brands, Inc. (NYSE:CAG) is expected to capitalize on this trend as it focuses on product innovation, mainly in healthier options, plant-based alternatives, and premium offerings.

While shipments lagged consumption in fiscal Q3 2025 primarily because of discrete supply chain concerns, Conagra Brands, Inc. (NYSE:CAG) is making progress in improving customer service levels and restoring its inventory. Its fiscal 2025 guidance remains unchanged, reflecting confidence in the company’s future operations.

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