5 Best Food Stocks to Buy Now

3. General Mills, Inc. (NYSE: GIS)

Minnesota-based General Mills ranks 3rd on the list of 10 best food stocks to buy now. The company is behind famous brands like Old El Paso, Häagen-Dazs and Cheerios. In the fiscal second quarter of 2021, General Mills reported a 7% jump in organic sales, above the Street’s estimate of 6.2%.  Adjusted gross margin increased 20 basis points to 35.5% of sales. The company said that it expects strong growth for the remainder of 2021, as at-home food demand continues to soar.

Of the 816 hedge funds tracked by Insider Monkey, 36 held stakes in General Mills as of the end of the September quarter. The net worth of these stakes is about $1.1 billion.