CNBC’s Sara Eisen reviewed some of the hottest food stocks. The first food stock to look for is Annies Inc (NYSE:BNNY), the maker of popular organic mac n’ cheese, bunny crackers and other snacks. Annies Inc (NYSE:BNNY) was hit hard though and came down by 19 percent last fiscal year because of some misstatements. CNBC reported that stock is down by 20% this year and is struggling with high cost of commodities, new products and manufacturing but still, investors are weighing it on the positive side because sales of Annies Inc (NYSE:BNNY) are really good.
Another food stock to watch is WhiteWave Foods Co (NYSE:WWAV), the $5.4 billion enterprise behind Horizon Organic, Silk soy milk, and Land ‘O Lakes half & half. Analysts suggest a likely takeover of WhiteWave Foods Co (NYSE:WWAV) in the coming months, and that’s probably the reason its stocks are high. Morgan Stanley analysts led by Matthew Grainger upgraded WhiteWave Foods Co (NYSE:WWAV) price target to $35, giving the reason that WhiteWave Foods Co (NYSE:WWAV) has the best products in the domain of growth food and offers best-in-class organic growth targets driven.
The third food stock to look for is Kellogg Company (NYSE:K). Although Kellogg Company (NYSE:K) is struggling with the declining cereal consumption, which accounts for 30 percent of its sales, it has still a potential to grow in the market because of its higher sales. Analysts say that Kellogg Company (NYSE:K) has potential to pivot, cut costs and spend its way to growth
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