5 Best Organic Food Stocks To Invest In

2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 60

Walmart Inc. (NYSE:WMT) is the largest retailer in the world, both domestically and internationally. The company operates a chain of hypermarkets, discount department stores, and grocery stores in the United States. As of this April, Walmart Inc. (NYSE:WMT) operates over 10,585 stores and clubs in 24 countries under 46 different labels. The company boasts a portfolio of over 1000 organic food products, making it rank among the top 3 organic food stocks to invest in now.

On May 17, Walmart Inc. (NYSE:WMT) announced earnings for the fiscal first quarter of 2023. The company reported earnings per share of $1.30 but missed expectations by $0.18. The company’s revenue for the quarter amounted to $140.29 billion, up 2.28% year over year, outperforming market consensus by $2.24 billion.

On June 6, Morgan Stanley analyst Simeon Gutman reiterated his Overweight rating and $156 price target on Walmart Inc. (NYSE:WMT) following the company’s shareholder meeting on June 3, 2022.

At the end of the first quarter of 2022, 60 hedge funds held stakes in Walmart Inc. (NYSE:WMT). The total value of these stakes came in at $6.56 billion.

In the first quarter of 2022, GQG Partners raised its Q4 2021 stakes in Walmart Inc. (NYSE:WMT) by 49%, bringing them to $2.29 billion in the first quarter of 2022. As of March 31, GQG Partners owns 15.43 million shares of Walmart Inc. (NYSE:WMT) and is the most prominent shareholder in the company.