5 Best Organic Food and Farming Stocks To Buy

In this article, we discuss the 5 best organic food and farming stocks to buy. To read a detailed analysis of the organic foods industry, go directly to the 10 Best Organic Food and Farming Stocks To Buy.

5. Performance Food Group Company (NYSE:PFGC)

Number of Hedge Fund Holders: 33

Performance Food Group Company (NYSE:PFGC) is an American food distribution company. It sells organic foods, frozen foods, groceries, candies, snacks, beverages, tobacco products, meat products, health products, and beauty care. It is headquartered in Virginia and has around 35,000 employees.

Performance Food Group Company (NYSE:PFGC) reported FQ1 results on November 9 and produced solid results. The adjusted diluted EPS of the company was $1.08, representing a 151.2% increase from the prior year period. The revenue increased by 41.72% to $14.72 billion, outperforming the estimates by over $279 million.

On November 14, after robust FQ1 2023 results, Deutsche Bank analyst Brian Mullan reiterated a Buy rating on Performance Food Group Company (NYSE:PFGC)’s shares. Mullen raised his price target on the firm to $72 from $67.

Here is what ClearBridge Investments had to say about Performance Food Group Company (NYSE:PFGC) in its Q4 2021 investor letter:

“Performance Food Group is another example of a quality franchise bought during a depressing period for the food service industry that has flexed its balance sheet to make acquisitions of weaker players and continues to consolidate its leading market share.”