5 Best Grocery Stocks to Buy Now

In this article, we discuss the 5 best grocery stocks to buy now. To go through our analysis of the grocery and food industry, go directly to the 13 Best Grocery Stocks to Buy Now.

5. Albertsons Companies, Inc. (NYSE:ACI)

Number of Hedge Fund Holders: 53

Albertsons Companies, Inc. (NYSE:ACI) is a retail company that operates a chain of supermarkets and drug stores across the U.S. It markets its products under various brand names, including Lucerne Dairy Farms, Waterfront Bistro, Signature Reserve, and more.

Albertsons Companies, Inc. (NYSE:ACI) saw net sales and other revenue increase to $18.6 billion in the third quarter of its financial year from $18.2 billion in the same period in the previous financial year. Albertsons attributed this growth to a 2.9% increase in same-store sales, driven by robust growth in pharmacy sales. The retailer also saw 21% year-on-year growth in digital sales in this period.

In the third quarter, 53 hedge funds had investments in Albertsons Companies, Inc. (NYSE:ACI)’s stock. Stephen Feinberg’s Cerberus Capital Management was the biggest stakeholder in the company, with 151.818 million shares worth $3.45 billion.