5 Food Stocks to Buy Amid Upcoming Global Crisis

4. United Natural Foods, Inc. (NYSE:UNFI)

Number of Hedge Fund Holders: 20

United Natural Foods, Inc. (NYSE:UNFI) is an American company that distributes natural, organic, specialty, and traditional grocery and food products in the United States and Canada. The company focuses on the wholesale of healthy food options. 

On April 8, CL King analyst Andrew Wolf remained highly constructive on United Natural Foods, Inc. (NYSE:UNFI)’s strategies to drive shareholder value by leveraging its superior competitive scale and its customer-centric focus. The analyst told investors that in the intermediate term, execution in sales, marketing, and logistics seems to be improving even amid a tightening supply environment. The analyst maintained his Buy rating and $52 price target on the stock. 

Among the hedge funds tracked by Insider Monkey, 20 funds reported long positions in United Natural Foods, Inc. (NYSE:UNFI) at the end of Q1 2022, with collective stakes worth $115.40 million. Mark Coe’s Intrinsic Edge Capital is the leading stakeholder of the company, with 558,287 shares worth $23 million.