Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

5 Food Stocks to Bet Your Money On

By Zacks Investment ResearchStock MarketsMay 06, 2020 04:53AM ET
5 Food Stocks to Bet Your Money On
By Zacks Investment Research   |  May 06, 2020 04:53AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

Experts, analysts and just about everybody else have been saying that the pandemic is going to materially change the way we do things, particularly with respect to health, hygiene and food habits. And one of the changes that it has brought and that’s likely to continue in the foreseeable future is cooking at home. This is directly opposite to the way we were thinking right before, as everyone was increasingly eating out.

But as more people continue working from home and even conducting meetings over digital platforms, while trying to maintain a certain amount of social distancing, eating out could be something we do less often.

This directly benefits the companies that offer the ingredients for home-cooking, so that’s the segment grabbing the limelight for now. Here are a few stocks poised to profit from this trend, along with some encouraging numbers-

The J. M. Smucker Company SJM

The J.M. Smucker Company is a leading marketer and manufacturer of consumer food and beverage products like coffee, peanut butter, fruit spreads, baking products, ready-to-spread frostings, frozen sandwiches, flour and juices as well as pet food and pet snacks in North America. Although the majority of its operations are in the U.S., it also operates internationally.

Zacks Rank #1

VGM B (VGM is a composite score allotted to a stock to denote its suitability for value, growth, or momentum investors)

Value B (A value score of A or B indicates that it is particularly suited for value investors)

Last EPS surprise 5.86%

April quarter EPS up 22 cents, July quarter EPS estimate up 10 cents, 2020 EPS estimate up 22 cents in the last 30 days

Dividend 3.52 (3.03%)

MGP Ingredients (NASDAQ:MGPI), Inc. MGPI

MGP Ingredients produces and markets ingredients and distillery products to the packaged goods industry. Its Distillery Products segment offers food grade alcohol, fuel grade alcohol and distillers feed. Its Ingredient Solutions segment primarily offers specialty wheat starches and proteins, commodity wheat starches and commodity vital wheat gluten.

Zacks Rank #1

Momentum A (A momentum score of A or B indicates that momentum investors could consider it)

Last EPS surprise 74.29%

June and September quarter EPS estimates up 3 cents and 4 cents, respectively, 2020 EPS estimate up 40 cents in the last 30 days

Dividend 0.48 (1.29%)


SunOpta operates in the natural and organic food, supplements, and health and beauty markets. Through SunOpta Food Group, it sources, processes and distributes natural and organic food products from seed through packaged products; through Opta Minerals Group, it produces, distributes and recycles environmentally friendly industrial materials; and through SunOpta BioProcess Group it engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage.

Zacks Rank #1


Value A

Growth A (a growth score of A or B indicates that the stock is suitable for growth investors)

Last EPS surprise 33.33%

Loss per share estimate for March and June quarters is steady, although down a couple of cents for 2020 in the last 30 days.

It doesn’t pay a dividend.

The Hain Celestial (NASDAQ:HAIN) Group, Inc. HAIN

The Hain Celestial Group produces, distributes, markets and sells natural and organic foods, as well as personal care products including popular better-for-you groceries (non-dairy beverages and frozen desserts, flour and baking mixes, cereals, condiments, cooking oils, infant and toddler food, etc.), snacks (potato and vegetable chips, organic tortilla style chips, whole grain chips and popcorn, etc.), and tea (herb teas such as Lemon Zinger, Peppermint, Mandarin Orange Spice, Cinnamon Apple (NASDAQ:AAPL) Spice, Red Zinger, etc.). It operates in North America and Europe.

Zacks Rank #1


Growth B

Last EPS surprise 13.33%

March and June quarter EPS estimates each up a penny in the last 30 days, fiscal 2020 (ending June) estimate also up a penny in the last 30 days.

It doesn’t pay a dividend.

B&G Foods (NYSE:BGS), Inc. BGS

B&G Foods, along with its subsidiaries, manufactures shelf-stable, frozen food and household products. It houses 50 brands including Back to Nature, B&G, B&M, Cream of Wheat, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, Mrs. Dash, New York Style, Ortega, Pirate’s Booty, Polaner, SnackWell’s, Spice Islands and Victoria. Its products are available across the U.S., Canada and Puerto Rico.

Zacks Rank #1


Value A

Last EPS surprise 6.98%

June and September quarter EPS estimates are unchanged in the last 30 days, as is the estimate for 2020.

Dividend 1.90 (9.73%)

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.

This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P (NYSE:SPY) averaged +6.0% per year, our top strategies averaged up to +54.7% per year.

See their latest picks free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The Hain Celestial Group, Inc. (HAIN): Free Stock Analysis Report

The J. M. Smucker Company (SJM): Free Stock Analysis Report

SunOpta, Inc. (STKL): Free Stock Analysis Report

B&G Foods, Inc. (BGS): Free Stock Analysis Report

MGP Ingredients, Inc. (MGPI): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research
5 Food Stocks to Bet Your Money On

Related Articles

5 Food Stocks to Bet Your Money On

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email