3 Top Food Stocks to Buy in May
The food and restaurant sectors are still reeling from the shutdowns and stay-at-home orders brought on by the response to the COVID-19 pandemic. However, these extreme conditions have also brought to light several companies that have shown their potential to manage to ride out "black swan" events and remain profitable both in good and bad times.
Three consumer staples stocks in the food market that are demonstrating these characteristics include Beyond Meat (NASDAQ: BYND), Mondelez International (NASDAQ: MDLZ), and General Mills (NYSE: GIS). Let's explore some reasons why these companies are managing so well.
Posting 141% revenue growth in the first quarter of 2020, Beyond Meat continues to be the maverick delivering an unexpectedly positive outcome and winning over investor sentiment, even if analysts raise a skeptical eyebrow at its future. Now trading at around its pre-coronavirus levels, the plant-based meat-substitute maker saw its shares pop above $125 following its mouthwatering earnings report on May 6.
Source Fool.com
