5 Best Vegan Stocks to Buy Now

3. Kellogg Company (NYSE: K)

Number of Hedge Fund Holders: 37

Michigan-based Cereal giant Kellogg Company (NYSE: K) ranks 3rd on the list of the 10 best vegan stocks to buy now. The company is world-famous for its breakfast cereal brands such as Corn Flakes and Froot Loops. But the company is also a rising vegan and vegetarian food producer with brands such as MorningStar Farms, Kashi, Incogmeato, and Gardenburger. The multinational food giant offers veggie breakfast sausage, bacon strips, vegan cheeseburgers, and veggie dogs. And recently, MorningStar Farms unveiled its new plant-based chicken tenders.

The company has a market cap of $21.9 billion. The stock has gained 11.5% in the last three months. Kellogg Company’s revenue in 2020 came in at 13.7 billion. In February 2021, Morgan Stanley analysts have given Kellogg an Equal Weight ranking. The target price was set at $ 60.

There were 37 hedge funds that reported owning stakes in Kellogg Company (NYSE: K) at the end of the fourth quarter, up from 35 funds a quarter earlier. The total value of these stakes at the end of Q4 is $567.3 million.