5 Cheap Food Stocks to Buy

3. Herbalife Nutrition Ltd. (NYSE:HLF)

Upside Potential as of April 1: 30.43%

Average Price Target as of April 1: $21

Number of Hedge Fund Holders: 33

Herbalife Nutrition Ltd. (NYSE:HLF) is a consumer staples company. It provides targeted nutrition, meal replacement products, protein shakes, and healthy snacks, among more.

The company is trading with a P/E ratio of 5.46 and and EV/Revenue (TTM) multiple of 0.77. Both these figures demonstrate the intrinsic undervaluedness of Herbalife Nutrition Ltd. (NYSE:HLF) shares. Analysts on Wall Street have placed an average price target of $21 on the shares, with a high forecast of $28.

Herbalife Nutrition Ltd. (NYSE:HLF) was found among the 13F holdings of 33 hedge funds in the fourth quarter. Their total stake value was $660 million.

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