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12, 2021

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This story originally appeared on StockMarket

Do you have those top grocery supplies on your radar right now?

As an investor, you always want to invest in something that you are familiar with in the stock market. What could be nicer than grocery supplies when it comes to knowing the company's products. It might not be the fanciest industry, but it's something we need every day. The food industry includes companies that mainly focus on the supply of food and soft drinks. This includes grocery stores, food distributors, and other companies that sell staple foods that we eat or drink.

Some of the major names in the industry would be Tyson Foods (NYSE: TSN) and The Kroger Co (NYSE: KR). Both stocks have been on an upward trend since the beginning of the year. On the one hand, TSN stock is up over 24% this year. On the other hand, the KR share has also risen by over 20%. So it's safe to say that food companies will thrive regardless of the business climate. With most countries around the world showing signs of economic reopening, food supplies could continue to flourish. Now with that in mind, let's take a look at some of the best food stocks on the stock market.

Top Food Supplies You Should See Now

Darling Ingredients Inc.

First on the list we have the Darling Ingredients. It is a company that develops and produces sustainable natural ingredients and develops a range of ingredients and bespoke specialty solutions for its customers. In addition, Darling provides grease trap services for food companies, environmental services for food processors, and sells equipment for the delivery and collection of cooking oil for restaurants. The company's shares have risen steadily for a year. In the past year, increases of more than 200% were recorded. With the company expected to release its earnings report for the first quarter, investors would be curious to see if its current development will continue.

Source: TD Ameritrade TOS

In mid-April, EnviroFlight, a wholly owned division of Darling, announced the development of a new research, development and business center in Apex, North Carolina. The facility is expected to be ready in early 2020. With this new facility, a further focus can be placed on the target research areas.

In addition, Darling's Rousselot brand strengthened its leadership position in application science earlier this month with a renewed application laboratory in Brazil. This is a strategic step to further strengthen the world's leading laboratory network, which already includes a global laboratory in Belgium and a regional laboratory in China. Given the speed at which the company is expanding, would you consider buying DAR stock?

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Next, we have the global food, facilities and unified services provider, Aramark. The customers come mainly from the fields of education, health care, business, sports and leisure. The company operates in three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform). Although ARMK stock has been trading sideways since the start of the year, people may have forgotten that it was already up 50% over the past year. That being said, the upcoming earnings report would likely determine the direction of the stock in the months ahead.

Top food supplies (ARMK inventory)Source: TD Ameritrade TOS

In April, Aramark signed an agreement to acquire Next Level Hospitality, a leading provider of culinary and environmental services for the elderly. It specializes in qualified nursing and rehabilitation facilities. This acquisition enables Aramark to partner with a company that is committed to providing its customers with the ability to leverage a scalable operating model.

In the same month, Aramark Canada also announced the extension of its eight-year partnership agreement with the Creequest Corporation. This is to provide catering and janitorial services to Detour Lake Mine. With that in mind, would you consider adding ARMK stocks to your portfolio?

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Wendy's company

Third, we have the Wendy fast food company on the list. The company operates, develops and sells a system of fast food restaurants. It has 5,852 restaurants in the U.S., 357 of which are owned by the company and 5,495 are franchisees. WEN stocks are another food industry stocks that suffered during the pandemic. As a result, the stock traded sideways over the past year. However, with economies reopening in most of the world, this could be a turning point for the company.

best food supplies (WEN supply)Source: TD Ameritrade TOS

On Tuesday, the company announced its plans to open up to 400 restaurants across the UK. The first is in Reading in June. The company hopes this relaunch will “lead” expansion across Europe. This aggressive approach shows that the company is optimistic about its business expansion and preparation for life after the pandemic. Wendy will publish her earnings report for the first quarter on May 12, 2021. Hence, investors would be on the lookout for the performance of their breakfast business.

In particular, the company's continued focus on expanding its range of breakfast days is likely to have influenced the return on sales in the first quarter. Given the excitement surrounding the company, would you consider WEN stock a top food stock?

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The Kraft Heinz Company

In summary, we have the global food and beverage company Kraft Heinz. The company's segments include the United States, International, and Canada. The products include various brands such as Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Maxwell House, Kool-Aid, Erz-Ida, Jell-O and many more. With staples like mac, cheese, and ketchup, the company has benefited from the pandemic that sees people spending more time at home looking for convenience foods. If you look at the company's stock, it's been on the up since the start of the year. In fact, it's at its 52-week high, trading at $ 43.26 as of Tuesday's close.

Observe top food stocks (KHC stock)Source: TD Ameritrade TOS

In April, Krafts Jet-Puffed introduced two new lines of marshmallows that would delight marshmallow lovers across the country. It will be available in regular mini and strawberry flavored marshmallows in a resealable stand-up pouch. The resealable premium packaging ensures that every marshmallow bite is as good as the last. Hence, this should bolster the company's product as nearly 50% of Americans eat marshmallows straight out of the bag.

In addition, the report for the first quarter recently published in April also showed good figures. Net sales rose 3.9% to $ 6.4 billion, while net income rose a whopping 49% to $ 568 million. Coupled with the company's upside, could there be a better time to buy KHC stock?

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