5 Best Sugar Stocks to Buy Now

In this article, we discuss the 5 best sugar stocks to buy now. If you want to read our detailed analysis of the sugar stocks and the sugar industry, go directly to the Best Sugar Stocks to Buy Now. 

5. Whole Earth Brands, Inc. (NASDAQ: FREE)

Number of Hedge Fund Holders: 18

Whole Earth Brands, Inc. (NASDAQ: FREE) is an American food company that produces high-quality plant-based sweeteners and flavor enhancers. The company’s products include sugar, agave nectar, allulose, and other liquid sweetener products. Whole Earth Brands, Inc. (NASDAQ: FREE) has the largest distribution network in the world, providing plant-based sweeteners in over 100 countries. It ranks fifth on our list of the best sugar stocks to buy now.

In December 2020, Whole Earth Brands, Inc. (NASDAQ: FREE) marked a deal to acquire WSO Investments, the holding company for Wholesome Sweeteners Incorporated. In Q2 2021, Whole Earth Brands, Inc. (NASDAQ: FREE) posted revenue of $126 million, showcasing an 89% year-over-year growth, and beating the estimates by $4.09 million. In July, Canaccord initiated its coverage on Whole Earth Brands, Inc. (NASDAQ: FREE) with a ‘Buy’ rating and a $20 price target due to the exponential growth in the global market of sugar alternatives.

As of Q2 2021, 18 hedge funds tracked by Insider Monkey have positions in Whole Earth Brands, Inc. (NASDAQ: FREE), valued at $105.5 million.

Maran Capital Management released its second-quarter 2021 investor letter and mentioned Whole Earth Brands, Inc. (NASDAQ: FREE) in it. Here is what the firm has to say:

“We continue to hold core positions in previously disclosed companies (including) Whole Earth Brands (FREE). Each are asset-light, branded, buy-and-build growth companies operating in various areas of the consumer sector. Branded packaged food company Whole Earth Brands, at ~8x 2022 EBITDA, has better organic growth, margins, and returns on capital than many consumer food companies trading at almost twice its multiple. As investors look forward to cleaner 2022 results (pro forma for two acquisitions), I believe there is meaningful room for the company to re-rate.”