Dividend Stock Portfolio: Top 5 Stocks to Buy According to Reddit

4. Walmart Inc. (NASDAQ:WMT)

Number of Hedge Fund Holders: 99

On June 15, Reuters reported that China’s market regulator had ordered Walmart Inc. (NASDAQ:WMT)-owned Sam’s Club to take strict measures across its supply chain to address food safety risks and protect public food safety. The move comes as Sam’s Club continues to expand in China. According to the company’s website, the membership-only retail chain recorded double-digit growth in transactions last year, supported by new store openings that increased its nationwide store count to 63.

The regulator’s action followed a meeting with a Sam’s Club executive to discuss recently identified food safety issues. In a notice released on June 15, the State Administration for Market Regulation said the meeting had taken place but did not disclose the date.

Walmart’s China office did not immediately respond to a request for comment.

“We will regularly report rectification progress to the regulatory authorities and proactively accept supervision,” Sam’s Club said in an apology cited by state-backed media outlet The Paper. The company also said it had established a special task force led by senior management to address the issues. The effort includes supply chain inspections and measures aimed at strengthening compliance with regulations and maintaining product quality standards.

Walmart Inc. (NASDAQ:WMT) is a technology-powered omnichannel retailer that operates retail and wholesale stores, membership clubs, e-commerce websites, and mobile applications. The company has operations across the United States, Africa, Canada, Central America, Chile, China, India, and Mexico.