3 Food Stocks to Buy in May
Food is a necessity, and with the global population growing by more than 200,000 every day, there are more mouths to feed than ever. This suggests the food industry will continue its growth trajectory over the long term. In the near term, the coronavirus pandemic has created unique challenges and opportunities for many companies in this crucial sector, and that's something investors in the food sector need keep an eye on.
Three food companies, in particular, have shown that they can thrive in this difficult environment while delivering market-beating returns during the good times and the bad. The first pick, Hormel Foods (NYSE: HRL), is a food processor that has increased its dividend for more than 54 years running. Next is Beyond Meat (NASDAQ: BYND), a plant-based meat-substitute producer with the potential for real long-term growth. And finally, we have Domino's Pizza (NYSE: DPZ), a multinational pizza chain focused on delivery that is thriving in this time of social distancing.
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Source Fool.com
