5 Most Profitable Food Stocks

4. Unilever PLC (NYSE:UL)

Trailing Twelve Month Net Income: $7.6 billion (1EUR = 1.07USD)

Number of Hedge Fund Holders in Q4 2022: 22

Unilever PLC (NYSE:UL) is a diversified consumer defensive firm with one of the largest food and beverage divisions in the world. It sells ice cream, tea, ketchup, mayonnaise, and other products.

Unilever PLC (NYSE:UL)’s Nutrition and Ice Cream business divisions accounted for 36% of its annual turnover in 2022, as they enabled the firm to earn EUR22 billion in revenue. Ice Cream was also Unilever PLC (NYSE:UL)’s fastest growing division with a 9% growth rate. By the end of December 2022, 22 of the 943 hedge funds part of Insider Monkey’s research had bought the firm’s shares.

Ken Fisher’s Fisher Asset Management is Unilever PLC (NYSE:UL)’s largest investor with a $389 million stake that comes via 7.7 million shares.

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