5 Food Stocks to Buy Amid Upcoming Global Crisis

Page 1 of 5

In this article, we discuss 5 food stocks to buy amid the upcoming global crisis. If you want to see more stocks in this selection, click 10 Food Stocks to Buy Amid Upcoming Global Crisis.

5. CF Industries Holdings, Inc. (NYSE:CF)

Number of Hedge Fund Holders: 67

CF Industries Holdings, Inc. (NYSE:CF) is an Illinois-based company that manufactures and sells hydrogen and nitrogen products for the fertilizer, energy, and industrial markets worldwide. The company’s primary offerings include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products.

CF Industries Holdings, Inc. (NYSE:CF) posted on May 4 a Q1 revenue of $2.87 billion, up 173.66% year-over-year, exceeding estimates by $246 million. On May 31, Piper Sandler analyst Charles Neivert raised the price target on CF Industries Holdings, Inc. (NYSE:CF) to $132 from $120 and reiterated an Overweight rating on the shares. The analyst believes that rising grain prices will support high nutrient values, Neivert tells investors in a research note.

According to Insider Monkey’s database, 67 hedge funds were bullish on CF Industries Holdings, Inc. (NYSE:CF) at the end of March 2022, compared to 58 funds in the preceding quarter. Soroban Capital Partners held the largest stake in the company, with 2.6 million shares worth $269.4 million. 

Page 1 of 5