5 Best FMCG Stocks To Buy Now

4. Macy’s, Inc. (NYSE:M)

• Investors with Long Positions (as of June 30): 61
• Aggregate Value of Investors’ Holdings (as of June 30): $2.20 Billion
• Percentage of Shares Owned by Investors: 9.70%

Macy’s, Inc. (NYSE:M) lands in fourth, being pushed past several other FMCG stocks during the second quarter due to very bullish hedge fund sentiment. The number of funds with long positions in Macy’s was up by six, while the value of their holdings soared by just under $1.0 billion. Macy’s was recently the recipient of a holiday salvo from Target Corporation (NYSE:TGT), which has vowed to match its price on any item the two stores carry. Several investors in our database opened large new positions in Macy’s, Inc. (NYSE:M)’s during the second quarter, including Jeffrey Smith’s Starboard Value, Ken Griffin’s Citadel Investment, and Doug Silverman and Alexander Klabin’s Senator Investment.