In this article we discuss the 5 healthy and sustainable food stocks to buy. If you want to read our detailed analysis of the food industry, go directly to the 12 Healthy and Sustainable Food Stocks to Buy.
5. Herbalife Nutrition Ltd. (NYSE: HLF)
Market Capitalization: $5.611 billion
Number of Hedge Fund Holders: 40
Ranking fifth in the list is Herbalife Nutrition Ltd. (NYSE: HLF), a California-based company that provides dietary supplements and meal replacement protein shakes and targets weight management and nutritious food markets across the world. This global nutrition corporation was ranked as the number 1 brand in weight management by Euromonitor International. The company has experienced a surge in demand with net sales rising to over $1.5 billion in Q1 of 2021, showing a year-over-year increase of 18.9%. This is a record for the company with an earnings surprise of 33.96%. Herbalife Nutrition Ltd. (NYSE: HLF) also reported a diluted earnings per share of $1.33 for the quarter ended March 31st, 2021, compared to $0.32 in the same quarter of the previous year. The adjusted EPS grew by 61.4% over the year. The company raised its full year guidance for 2021 and projects a 9 to 15% growth in net sales while diluted EPS is projected to be in the $4.65 – $5.05 range at the end of the fiscal year.
40 hedge funds held stakes in Herbalife Nutrition Ltd. (NYSE: HLF) worth over $1.9 billion at the end of Q1 of 2021 compared to 41 hedge funds in the preceding quarter holding stakes worth $2.7 billion.