5 Best FMCG Stocks To Buy Now

Page 1 of 5

In this article, we discuss the 5 best FMCG stocks to buy now. If you want to read our industry analysis you can see the 12 Best FMCG Stocks To Buy Now.

5. Walmart Inc. (NYSE:WMT)

Number Of Hedge Fund Holders: 68

Walmart Inc. (NYSE:WMT) is an American multinational retail company that operates a chain of hypermarkets, discount department stores and grocery stores from the United States.

On December 9, Bernstein analyst Dean Rosenblum initiated coverage of Walmart Inc. (NYSE:WMT) with a Market Perform rating and $159 price target. The analyst is “cautiously bullish” on the U.S. hardlines / broadlines retail sector, stating that the current long-term fundamentals “remain sound,” and both the grocery and home improvement subsectors are “surprisingly well-insulated” from e-commerce incursion.

As of the end of Q3 2022, 68 hedge funds tracked by Insider Monkey were bullish on Walmart Inc. (NYSE:WMT), compared with 67 in the previous quarter. The collective value of stakes owned by these hedge funds is over $4.08 billion.

Leaven Partners mentioned Walmart Inc. (NYSE:WMT) in its Q3 2022 investor letter. Here is what the firm has to say:

“In our last quarterly letter, I briefly mentioned that the consensus estimates for corporate profits appeared to be a bit too sanguine. I referenced a Reuters article that reported, as of June 17, Wall Street expected S&P 500 earnings to grow by 9.6% in 2022, which was up from 8.8% in April and from 8.4% in January. That tune began to change at the end of July and accelerated in August and September, as major players, such as Walmart (NYSE:WMT), has recently issued profit warnings and/or have withdrawn guidance. In response, Wall Street has altered its outlook: lowering third-quarter profit growth to 4.6%[2] from 7.2% in early August and slashing full-year profit growth to 4.5%.”

Follow Walmart Inc. (NYSE:WMT)

Page 1 of 5