5 Best Organic Food Stocks To Invest In

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

Number of Hedge Fund Holders: 37

General Mills, Inc. (NYSE:GIS) is an American multinational manufacturer and marketer of branded consumer foods and offers a wide range of food products including ready-to-eat cereals, refrigerated yogurt, soup, meal kits, and organic food products, among others. The company is known for its consumer-loved brands Betty Crocker, Pillsbury, Cheerios, Trix, Lucky Charms, Count Chocola, and Cocoa Puffs. General Mills, Inc. (NYSE:GIS) owns the world-famous organic food brand, Annie’s, and its industry-leading position makes it rank high among the best organic food stocks to invest in now.

General Mills, Inc. (NYSE:GIS) is making unparalleled strides in the organic food industry. This June, the company invested $3 million in support to fund the launch of the Ecosystem Services Market Consortium’s program for regenerative agriculture. The company put forth a multi-year roadmap to scale Eco-Harvest, ESMC’s market program, with a focus on regions in the U.S. and Canada.

On May 26, Deutsche Bank analyst Steve Powers raised his price target on General Mills, Inc. (NYSE:GIS) to $75 from $73 and reiterated a Buy rating on the shares.

Insider Monkey spotted 37 hedge funds bullish on General Mills, Inc. (NYSE:GIS) having stakes worth $819.57 million in the company at the close of Q1 2022. This is compared to 36 positions in the previous quarter with stakes worth $781.36 million. The hedge fund sentiment for the stock is positive.

In the first quarter of 2022, Renaissance Technologies raised its stakes in General Mills, Inc. (NYSE:GIS) by 4%, bringing them to $300.11 million. Renaissance Technologies is the most prominent shareholder in the company.

Miller Howard Investments mentioned General Mills, Inc. (NYSE:GIS) in its third-quarter 2021 investor letter. Here is what the firm had to say:

“Other stocks providing balance against our cyclicals include General Mills (GIS). They pay good dividends supported by stable business models and have a conservative amount of debt. The dividend yield on our Income-Equity Strategy is now 3.6%. The No-MLP version yield is 3.5%. Both yields are roughly 2.5 times the yield on the S&P 500 Index, and we are seeing dividend increases across our portfolios. Our income advantage over the broad market is significant, yet we also believe that we have enough cyclical tilt to perform well in a recovery. We continue to monitor a variety of risks, with inflation and COVID-19 trends being most important.”