Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

9 top packaged food stocks to buy in 2024

Ready to invest in the convenience food industry? Learn how to invest in packaged food stocks in just a few steps.

The best packaged food stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

The top convenience food stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. Beyond Meat (BYND)
  2. Campbell Soup Company Common Stock (CPB)
  3. General Mills (GIS)
  4. ConAgra Foods (CAG)
  5. Hormel Foods Corporation (HRL)
  6. Kraft Heinz (KHC)
  7. Kellanova (K)
  8. PepsiCo (PEP)
  9. Nestle SA ADR (NSRGY)

Our top broker picks

Top pick for advanced traders

Go to site
  • Trade options, futures, options on futures, stocks, ETFs
  • $0 commission to close options
  • Pro-grade platform and risk analysis tools

Our pick for transfer bonus

Go to site
  • Trade stocks, options, ETFs, mutual funds, alternative asset funds
  • $0 commission on stocks, ETFs and options, with no options contract fees
  • Complimentary access to a financial planner and automated investing

Best for mobile experience

Go to site
  • Earn 4.5% interest on uninvested cash with Gold
  • Get up to $50,000 in instant deposits with Gold
  • Easy, user-friendly trading

How to invest in packaged food stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like BYND or CPB.
  5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into packaged food stocks

If you're interested in investing in the convenience food industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. Beyond Meat (BYND)

Beyond Meat, Inc. , a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry.

Beyond Meat stock opened the day at $6.38 after a previous close of $6.32. The latest price was $6.58 (25-minute delay). Beyond Meat is listed on the NASDAQ, has a trailing 12-month revenue of around USD317.8 million and employs 686 staff.

  • Market capitalization: $419,497,664
  • PEG ratio: 40.7473

Back to top


2. Campbell Soup Company Common Stock (CPB)

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.

Campbell Soup Company Common Stock stock opened the day at $47.25 after a previous close of $47.07. The latest price was $47.63 (25-minute delay). Campbell Soup Company Common Stock is listed on the NYSE, has a trailing 12-month revenue of around USD$9.6 billion and employs 14,400 staff.

  • Market capitalization: $13,984,975,872
  • P/E ratio: 24.8624
  • PEG ratio: 1.4663

Back to top


3. General Mills (GIS)

General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice.

General Mills stock opened the day at $68.39 after a previous close of $68.30. The latest price was $68.27 (25-minute delay). General Mills is listed on the NYSE, has a trailing 12-month revenue of around USD$19.8 billion and employs 34,000 staff.

  • Market capitalization: $38,089,457,664
  • P/E ratio: 16.3357
  • PEG ratio: 3.4954

Back to top


4. ConAgra Foods (CAG)

Conagra Brands, Inc. , together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice.

ConAgra Foods stock opened the day at $29.56 after a previous close of $29.43. The latest price was $29.76 (25-minute delay). ConAgra Foods is listed on the NYSE, has a trailing 12-month revenue of around USD$11.9 billion and employs 18,500 staff.

  • Market capitalization: $14,007,962,624
  • P/E ratio: 28.7745
  • PEG ratio: 0.3306

Back to top


5. Hormel Foods Corporation (HRL)

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.

Hormel Foods Corporation stock opened the day at $31.13 after a previous close of $31.06. The latest price was $30.94 (25-minute delay). Hormel Foods Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$12 billion and employs 20,000 staff.

  • Market capitalization: $17,048,637,440
  • P/E ratio: 21.7413
  • PEG ratio: 2.6266

Back to top


6. Kraft Heinz (KHC)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands. It sells its products through its own sales organizations, as well as through independent brokers, agents, and distributors to chain, wholesale, cooperative, and independent grocery accounts; convenience, value, and club stores; pharmacies and drug stores; mass merchants; foodservice distributors; institutions, including hotels, restaurants, bakeries, hospitals, health care facilities, and government agencies; and online through various e-commerce platforms and retailers.

Kraft Heinz stock opened the day at $34.89 after a previous close of $34.74. The latest price was $35.13 (25-minute delay). Kraft Heinz is listed on the NASDAQ, has a trailing 12-month revenue of around USD$26.3 billion and employs 36,000 staff.

  • Market capitalization: $42,922,254,336
  • P/E ratio: 22.4551
  • PEG ratio: 0.9133

Back to top


7. Kellanova (K)

Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles. The company offers its products under the Kellogg's, Cheez-It, Pringles, Austin, Parati, RXBAR, Eggo, Morningstar Farms, Bisco, Club, Luxe, Minueto, Special K, Toasteds, Town House, Zesta, Zoo Cartoon, Choco Krispis, Crunchy Nut, Kashi, Nutri-Grain, Squares, Zucaritas, Rice Krispies Treats, Sucrilhos, Pop-Tarts, K-Time, Sunibrite, Split Stix, LCMs, Coco Pops, Krave, Frosties, Rice Krispies Squares, Incogmeato, Veggitizers, Gardenburger, Trink, Carr's, Kellogg's Extra, Müsli, Fruit "n Fibre, Kellogg's Crunchy Nut, Country Store, Smacks, Honey Bsss, Zimmy's, Toppas, Tresor, Froot Ring, Chocos, Chex, Guardian, Just Right, Sultana Bran, Rice Bubbles, Sustain, and Choco Krispies brand names.

Kellanova stock opened the day at $80.96 after a previous close of $80.88. The latest price was $80.60 (25-minute delay). Kellanova is listed on the NYSE, has a trailing 12-month revenue of around USD$12.8 billion and employs 23,000 staff.

  • Market capitalization: $27,928,367,104
  • P/E ratio: 32.2829
  • PEG ratio: 1.6412

Back to top


8. PepsiCo (PEP)

PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

PepsiCo stock opened the day at $172.47 after a previous close of $171.79. The latest price was $171.79 (25-minute delay). PepsiCo is listed on the NASDAQ, has a trailing 12-month revenue of around USD$91.9 billion and employs 318,000 staff.

  • Market capitalization: $237,284,671,488
  • P/E ratio: 25.5052
  • PEG ratio: 2.0577

Back to top


9. Nestle SA ADR (NSRGY)

Nestlé S. A. , together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments.

Nestle SA ADR stock opened the day at $97.34 after a previous close of $97.36. The latest price was $97.55 (25-minute delay). Nestle SA ADR is listed on the PINK, has a trailing 12-month revenue of around USD$92.1 billion and employs 270,000 staff.

  • Market capitalization: $253,619,126,272
  • P/E ratio: 19.7834
  • PEG ratio: 2.422

Back to top

Bottom line

While it’s possible to turn a profit investing in packaged food stocks, keep in mind that — like any investment — packaged food stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the convenience food industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

More guides on Finder

Ask a question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site