Ohio Pension Fund Boosts Sprouts Farmers Market, Inc. (SFM) Stake by Over 2,400%

Sprouts Farmers Market, Inc. (NASDAQ:SFM) is among the most profitable consumer defensive stocks to buy now. During the second quarter, Public Employees Retirement System of Ohio lifted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2,469.1%. Following the purchase of 57,160 shares, the pension fund now owns 59,475 shares of the company’s stock, reflecting an investment of $9,792,000 and ownership of about 0.06%.

With the overall market environment out of sync, everyone’s looking for companies that have delivered strong results. One such company is Sprouts Farmers Market, Inc. (NASDAQ:SFM). In just five years, the large-cap company returned an impressive 401.50%, surpassing the market average by a factor of four.

From the expansion of store brands to comps growth showing a macro-resilient clientele, Sprouts Farmers Market, Inc. (NASDAQ:SFM) has positioned itself differently from its peers. As the company plans to release more than 350 items in 2025 alone, it aims to reduce average store sizes for its new builds to slash operating expenses.

Sprouts Farmers Market, Inc. (NASDAQ:SFM) is an Arizona-based company that retails natural and organic food products in the United States. Founded in 1943, the company offers both perishable and non-perishable product categories.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.