5 Best Vegan Stocks to Buy Now

4. Hormel Foods Corporation (NYSE: HRL)

Number of Hedge Fund Holders: 31

Hormel Foods Corporation (NYSE: HRL) ranks 4th on the list of best vegan stocks to buy now. In 2019, Minnesota-based pork giant Hormel Foods Corporation (NYSE: HRL) launched its vegan food products dubbed Happy Little Plants. Soy-based vegan ground beef with 20 grams of protein per serving is its flagship product. Now the vegan food brand has a wide variety of plant-based offerings, including soy-based pepperoni topping and pea-protein-based Italian-style pizza topping. Hormel Foods Corporation is also well-known for its SPAM and SKIPPY brands.

The company has a market cap of $25.5 billion and a revenue of $2.5 million in the first quarter of 2020. Shares of HRL increased 4.5% over the past twelve months. 

There were 31 hedge funds that reported owning stakes in Hormel Foods Corporation (NYSE: HRL) at the end of the fourth quarter, up from 30 funds a quarter earlier. The total value of these stakes at the end of Q4 is $523 million.