In this piece, we will take a look at the five most profitable food stocks. For more food companies, head on over to 13 Most Profitable Food Stocks.
5. McDonald’s Corporation (NYSE:MCD)
Trailing Twelve Month Net Income: $6.1 billion
Number of Hedge Fund Holders in Q4 2022: 57
McDonald’s Corporation (NYSE:MCD) is one of the biggest fast food retailers in the world. The firm had more than forty thousand restaurants all over the world as of December 2021 and it is headquartered in Chicago, Illinois.
McDonald’s Corporation (NYSE:MCD) is currently experimenting with plant based meat, as it looks at the future. The firm has already started to roll out plant based nuggets at its German restaurants. 57 of the 943 hedge funds part of Insider Monkey’s Q4 2022 survey had owned a stake in the firm.
McDonald’s Corporation (NYSE:MCD)’s largest investor is Ray Dalio’s Bridgewater Associates which owns 1.5 million shares that are worth $416 million.
Follow Mcdonalds Corp (NYSE:MCD)
Follow Mcdonalds Corp (NYSE:MCD)
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.
Follow The Unilever Group (NYSE:UL)
Follow The Unilever Group (NYSE:UL)
3. PepsiCo, Inc. (NASDAQ:PEP)
Trailing Twelve Month Net Income: $8.9 billion
Number of Hedge Fund Holders in Q4 2022: 70
PepsiCo, Inc. (NASDAQ:PEP) is a food and beverage company known primarily for its carbonated beverages. However, the firm also sells snacks and other products. It is based in Purchase, New York.
Insider Monkey surveyed 943 hedge funds for their fourth quarter of 2022 investments and found out that 70 had held a stake in the firm.
Out of these, Terry Smith’s Fundsmith LLP is PepsiCo, Inc. (NASDAQ:PEP)’s largest investor. It owns 6.6 million shares that are worth $1.2 billion.
2. The Coca-Cola Company (NYSE:KO)
Trailing Twelve Month Net Income: $9.5 billion
Number of Hedge Fund Holders in Q4 2022: 58
The Coca-Cola Company (NYSE:KO) is one of the biggest carbonated drink companies in the world, which sells beverages such as juices, coffee, and energy drinks alongside its signature Coca-Cola.
The Coca-Cola Company (NYSE:KO) jumped in on the current hype surrounding ChatGPT when it announced in February 2023 that it is the first to sign up for an alliance to bring ChatGPT’s ideas to marketing and other functions. As of Q4 2022, 58 of the 920 hedge funds part of Insider Monkey’s study had invested in the firm.
Warren Buffett’s Berkshire Hathaway is The Coca-Cola Company (NYSE:KO)’s largest shareholder with a $25 billion stake that comes via 400 million shares.
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Follow Coca Cola Co (NYSE:KO)
1. Nestlé S.A. (OTCMKTS:NSRGY)
Trailing Twelve Month Net Income: $9.9 billion (1CHF = 1.08USD)
Number of Hedge Fund Holders in Q4 2022: N/A
Nestlé S.A. (OTCMKTS:NSRGY) is perhaps the biggest food and beverages company in the world, with a wide variety of products such as cereals, chocolate, coffee, noodles, juices, and other products in its portfolio.
Nestlé S.A. (OTCMKTS:NSRGY)’s shipments felt the heat from inflation in Q4 2022 as the firm reports that they fell at the same time that it decided to increase prices. Despite this, it raked in $9.9 billion in revenue for the full calendar and fiscal year.
Disclosure: None. You can also take a peek at Ken Griffin’s High Dividend Stock Picks and JP Morgan’s 15 Best Performing Stock Picks for 2023.
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