5 Best FMCG Stocks To Buy Now

1. Molson Coors Brewing Company (NYSE:TAP)

• Investors with Long Positions (as of June 30): 66
• Aggregate Value of Investors’ Holdings (as of June 30): $2.12 Billion
• Percentage of Shares Owned by Investors: 18.60%

Elite hedge funds loved Molson Coors Brewing Company (NYSE:TAP) more than any other FMCG stock as of June 30. Hedge fund ownership was up by four during the June quarter, while the value of their stakes was up by about $50 million despite a dip of over 5% in the shares during that time. That bullishness has paid off in a big way, as shares are up by nearly 20% in the third quarter, largely due to the potential Anheuser Busch Inbev SA (ADR) (NYSE:BUD), SABMiller plc (ADR) (OTCMKTS:SBMRY) merger, which could allow Molson Coors Brewing Company (NYSE:TAP) to acquire full ownership of MillerCoors, which it currently owns jointly with SABMiller. Activist Keith Meister of Corvex Capital held a 2.46 million-share stake in Molson Coors on June 30, up by 26% during the second quarter, while Eric W. Mandelblatt’s Soroban Capital Partners opened a new position consisting of 1.71 million shares.

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