5 Best Pizza Stocks To Buy Now

In this article, we discuss 5 best pizza stocks to buy now. If you want to read our detailed discussion on the pizza industry, click 10 Best Pizza Stocks To Buy Now. 

5. Performance Food Group Company (NYSE:PFGC)

Number of Hedge Fund Holders: 29

Performance Food Group Company (NYSE:PFGC) sells and distributes food and food-related products in the United States. The company provides frozen pizza, crusts, pizza toppings, cheese, tomato sauces, and related products. Performance Food Group Company (NYSE:PFGC) is one of the best pizza stocks to invest in. On May 10, the company reported a FQ3 non-GAAP EPS of $0.83, beating market consensus by $0.12. The revenue of $13.8 billion climbed 5.3% year-over-year but fell short of Wall Street estimates by $130 million. Total organic case volume increased 3.1% for the third quarter of fiscal 2023 compared to the prior year. 

According to Insider Monkey’s first quarter database, 29 hedge funds were bullish on Performance Food Group Company (NYSE:PFGC), with combined stakes worth $736.7 million. 

4. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 34

The Kraft Heinz Company (NASDAQ:KHC) manufactures and distributes food and beverage products worldwide. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and more. It is one of the best pizza stocks to watch. On May 3, The Kraft Heinz Company (NASDAQ:KHC) reported a Q1 non-GAAP EPS of $0.68 and a revenue of $6.49 billion, outperforming Wall Street estimates by $0.08 and $100 million, respectively. The company expects 2023 organic net sales growth of 4% to 6% in contrast to 2022.

According to Insider Monkey’s first quarter database, 34 hedge funds were bullish on The Kraft Heinz Company (NASDAQ:KHC), compared to 39 funds in the prior quarter. Warren Buffett’s Berkshire Hathaway is the largest stakeholder of the company, with 325.6 million shares worth $12.6 billion. 

3. Domino’s Pizza, Inc. (NYSE:DPZ)

Number of Hedge Fund Holders: 34

Domino’s Pizza, Inc. (NYSE:DPZ) is a multinational pizza company that operates through three segments – U.S. Stores, International Franchise, and Supply Chain. It is one of the best pizza stocks to invest in. On April 27, Domino’s Pizza, Inc. (NYSE:DPZ) reported a Q1 GAAP EPS of $2.93, beating Wall Street estimates by $0.20. The revenue of $1.02 billion, however, missed market consensus by $10.83 million. The company also paid a  $1.21 per share quarterly dividend to shareholders on June 30. 

According to Insider monkey’s first quarter database, 34 hedge funds were long Domino’s Pizza, Inc. (NYSE:DPZ), compared to 44 funds in the earlier quarter. D E Shaw is a significant position holder in the company, with 448,865 shares worth $148 million. 

LRT Capital made the following comment about Domino’s Pizza, Inc. (NYSE:DPZ) in its October investor letter:

“Domino’s Pizza, Inc. (NYSE:DPZ) is the world’s largest franchisor of pizza restaurants with over 13,800 locations in 85 countries. As for any restaurant operator, the key metric to consider for Domino’s Pizza is same-store-sales (SSS) growth. Growing same-store-sales are ultimately how a restaurant business increases earnings from its existing assets. The company continues to impress in this criterion with SSS having grown in the U.S. for 40 consecutive quarters, and an astounding 109 straight quarters internationally.

Two-thirds of the company’s stores are currently abroad, and the international segment remains the company’s largest growth opportunity, as the penetration of convenient fast food remains lower abroad than in the United States. Pizza is a product with exceptionally high gross margins, one that “translates” well across different cultures, and one that literally “travels well”, not losing much of its appeal when delivered in a cardboard box. The rise of 3rd party delivery platforms such as Uber Eats, Doordash and Grubhub is challenging the pizza category as it has expanded the number of choices consumers have for convenient takeout. However, the economics of food delivery remain challenging for most restaurants and platforms alike25, while pizza delivery continues to be highly profitable. Regardless of how the “delivery wars” currently playing out end, Domino’s financial results show little impact of this increased competition, and the company continues to deliver exceptional financial performance…” (Click here to read the full text)

2. Bunge Limited (NYSE:BG)

Number of Hedge Fund Holders: 37

Bunge Limited (NYSE:BG) is an agribusiness and food company that operates through four segments – Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Milling segment of the company offers wheat flours and bakery mixes, masa and flours, corn-soy blends, whole grain and fiber ingredients, die-cut pellets, and non-GMO products. Bunge Limited (NYSE:BG) is one of the best pizza stocks to invest in. On May 11, the company declared a $0.6625 per share quarterly dividend, a 6% increase from its prior dividend of $0.6250. The dividend is payable on September 1, to shareholders of record on August 18. 

According to Insider Monkey’s first quarter database, 37 hedge funds were bullish on Bunge Limited (NYSE:BG), compared to 50 funds in the earlier quarter. Anand Parekh’s Alyeska Investment Group is the largest stakeholder of the company, with 834,866 shares worth approximately $80 million. 

Here is what Old West Investment Management has to say about Bunge Limited (NYSE:BG) in its Q1 2022 investor letter:

“Bunge (pronounced BUN-GEE) Ltd (NYSE:BG) is one of the biggest agribusinesses and food companies in the world. There are four worldwide companies that dominate the sector, the others being Archer-Daniels-Midland Cargill, and Dreyfuss. One of our favorite ways to screen for new ideas is following insider buying. When I saw the Form 4 filed by new Bunge CEO Greg Heckman, his purchase of $9 million of BG stock intrigued me. My initial thought was the company gave him the stock as a signing bonus. I contacted BG Investor Relations and asked whether it was a signing bonus or did Heckman actually write a check for $9 million. IR assured me it was his own hard-earned money that he invested in the company he was about to run.

Heckman was a long time executive at Conagra Foods who obviously sensed opportunity at BG. One of his first moves as CEO was to move the company’s HQ from New York to St. Louis, right in the middle of America’s breadbasket. BG had been plagued for years with poor decisions by underperforming management. Heckman’s decision to move to St. Louis was indicative of a no-nonsense style and he would commence cutting expenses and selling non-core assets…” (Click here to see the full text)

1. Yum! Brands, Inc. (NYSE:YUM)

Number of Hedge Fund Holders: 51

Yum! Brands, Inc. (NYSE:YUM) owns, operates, and franchises quick service restaurants worldwide. The company operates through four segments – the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. Yum! Brands, Inc. (NYSE:YUM) is one of the best pizza stocks to watch. On May 3, the company reported a Q1 GAAP EPS of $1.05, falling short of Wall Street estimates by $0.07. However, the revenue of $1.65 billion outperformed market consensus by $23.55 million. The company paid a $0.605 per share quarterly dividend to shareholders on June 9. 

According to Insider Monkey’s first quarter database, 51 hedge funds were bullish on Yum! Brands, Inc. (NYSE:YUM), compared to 48 funds in the prior quarter. Brandon Haley’s Holocene Advisors is the largest stakeholder of the company, with 1.38 million shares worth $183.4 million.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out 10 Best Marine Shipping Stocks to Buy Now and 17 Highest Paying Government Jobs Without a Degree.