Picking individual stocks is a risky venture that few people are qualified to do with any success over the long term. This is particularly true in emerging industries, where brands come and go rather quickly. Analysts rate Maple Leaf stock betwen a “buy” and “strong buy” with an average price target of $39.86 based on a low of $30, which nearly equals the current $29.70 share price, and a high of $45. But the real secret to the company’s 2020 success — and the future growth so many industry experts believe is still ahead — can be traced to expansion. Its most recent quarterly report, for the third quarter of 2021, revealed a smaller-than-expected loss of $0.59 per share vs. a Zacks consensus estimate of $0.64. It also brought an earnings surprise, with net sales of $10.9 million — a 45% increase compared to the previous year.
- According to Nielsen, 98% of consumers who buy plant-based meat, also buy animal meat.
- The Foods of New Mexico acquisition helped boost sales plus Tattooed Chef branded products outperformed all other categories as well.
- More and more people are choosing to adopt a plant-based diet — either permanently, or to take part in events like veganuary.
- While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation.
Bunge is an agribusiness that supplies plant-based staples – eg grains, oilseeds and sugar – used to make a variety of foods. Predominantly operating across the US and South America, its strongest area is oilseeds, where it has an industry leading footprint producing soy, canola, sunflower seed and rapeseed oil. spectre.ai forex broker review Together with oil giant BP, Bunge created BP Bunge Bioenergia, a market leader in low carbon ethanol, sugar and bioelectricity in Brazil. If you’re not ready to trade on live markets, you can practise trading vegan assets on our demo account – a risk-free environment where you never have to deposit real funds.
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Beyond Meat is the leading plant-based “meat” company in the world with products available in 119,000 retail and food service locations across 80 countries worldwide. Through its passive rules-based approach VEGAN seeks to avoid investments in companies whose activities directly contribute to animal suffering, destruction of the natural environment and climate change. Hain Celestial Group is a natural food producer with an ambition to create ‘organic, natural and better-for-you brands. The firm distributes its products to over 70 countries, including the UK, Germany, the US, Brazil, Japan, New Zealand, and South Africa.
- Plamil Foods Ltd. manufactures chocolate, mayonnaise, and other milk-free products that are supplied to consumers, retailers, wholesalers, and food catering and manufacturing facilities around the world.
- In 2019, Maple Leaf’s newly established Plant Protein Group reported 27% sales growth.
- The company has a market cap of $4.2 billion and net sales of $528.4 million in the second quarter of 2021.
- Again, there aren’t many vegan options in the stock market, but here they are.
- Exchange-traded funds let you buy into a collection of stocks with a similar theme with the purchase of a single share that can be bought and sold on the open market just like any stock.
Archer Daniels Midland Company is a global leader in food processing that converts oilseeds, corn, wheat, and cocoa into food, chemical, and animal feed. It manufactures protein meals, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. That special concoction — which includes a mix of coconut, plant-based fats and a mineral-rich, superfood algae called Aquamin — has given birth to Laird’s own vegan foods company, Laird Superfood.
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Tofurky is a line of vegan meat substitutes made by Turtle Island Foods. That’s really it for even vaguely vegan-related public companies right now. As you can see there are plenty of non-vegan brands that they own as well like Duncan Hines and Mrs. Pauls. Medicine is a bit of a grey area for vegans, since animal testing is often involved, but you can argue that it’s “necessary” in many cases.
There’s a chance Impossible might go public through a SPAC instead of through a traditional IPO. Shares of the world’s biggest meatless brand are currently being sold near their lowest price over the last year, which could be good news for anyone looking to get in now. After the IPO is complete, the stock will be listed on the market (usually 7-10 days after) where it can be purchased like any other stock. If you’re not familiar with Daiya, they make a variety of vegan dairy alternatives. The quality of their cheese substitutes has consistently gotten better over the years (and are a decent vegan source of calcium). Again, there aren’t many vegan options in the stock market, but here they are.
However, Gardein was purchased by Pinnacle foods, which was then acquired by Conagra, which owns a ton of food brands (some vegan, some not). I left this on the list because most vegan investors are sure to come across it. I wouldn’t really consider it a vegan company (at least not right now), but you can make your own decision.
The companies below aren’t necessarily outspokenly vegan, but they only sell vegan products as far as I can tell, and are listed on a public stock market. Some say that veganism isn’t just about protecting animals and cutting out meat from their diets, but a broader set of principles aimed at saving the environment. Global meat and dairy production must be cut in half by 2050 if the world is to meet its climate obligations under the Paris Agreement, according to Greenpeace. The defining characteristic of a vegan diet and lifestyle is consuming products that don’t contain any ingredients sourced from animals, including things they make like eggs, honey and milk. Vegans also avoid using products like cosmetics or clothing if they have been produced using animal materials such as leather or fur, or have been tested on animals.
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The company’s products include plant-based proteins such as ultra-high-protein soy and yellow peas. Benson Hill believes that plants with higher protein content will displace the need for expensive energy- and water-intensive processing when producing the protein ingredients used in plant-based meat alternatives. Global food manufacturer Ingredion provides plant-based ingredients to companies manufacturing vegan products; it earned a spot on Fortune Magazine’s 2022 World’s Most Admired Companies list, ranking second in the food industry. In mid-2021, the company opened the first facility in North America to produce pea protein isolate and pea starch.
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However, note that Bunge does sell “animal feed”, so even though Bunge’s products themselves are vegan, they are tangentially involved in animal agriculture. It’s tickmill review not a huge deal to me, but it is an issue for some, so be aware of it. Bunge owns several brands which sell oilseeds, grains, and sugarcane across the globe.
With the youngest generation born after 1995 now having children or about to have children, the floodgates of the baby food market are about to open to the most vegan-friendly generation in history. In an effort to get ahead of the competition, Else recently signed a distribution agreement with Imperial Distributors of Worcester, Massachusetts. Perhaps even better, Else announced on Oct. 4 that it has been approved for the Kroger Ship e-commerce service, which allows consumers to purchase Else products on both Kroger.com and Vitacost.com. Anyone looking to get in on a specialized niche within the larger vegan industry might consider buying a few shares of Else Nutrition, a smaller company that deals specifically in vegan infant food. Based in Israel, Else Nutrition makes a plant-milk formula for babies that is currently undergoing regulatory procedures, plus a formula for toddlers and a nutritional product suitable for children of any age.
Its products are popular in chocolates, confectionary and other sweet treats. It launched AkoPlanet in 2019 to offer tailor-made solutions for food manufacturers developing plant-based alternatives within the meat, dairy, and ice cream segments. The company says its raw materials come from plants and have a ‘minimum impact on the environment’. The company’s most recent Q4 reported an EPS of $3.24, which is $0.05 higher than analyst predictions. Their quarterly revenue of $16.66, however, was below analyst expectations and down 1% compared to this quarter last year where EPS was $3.39.
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There’s no easy way to track vegan stocks coming to the market, but an occasional search for terms such as “vegan IPO” and “vegan companies going public” should help you discover new vegan stocks. While Oatly has captured attention with a bold marketing campaign and a new product category in the U.S., the company is hardly new. It has been around since the 1990s and has been consistently developing oat-based alternative dairy products, including milk, ice cream, yogurt, cooking creams, spreads, and to-go drinks.
Despite the unfortunate timing of September 2020, Laird’s IPO was a smashing success. It didn’t hit triple digits like Beyond Meat, but its shares did jump 75% from their initial price at the start of the day, according to Barron’s. Impossible Foods was looking at going public at a valuation of at least $10 billion, Reuters reported in April. Once a company goes public, it can be found on the publicly traded stock market under a ticker symbol (for example, Beyond Meat can be found under ticker BYND). Not every company can be found on every stock exchange though depending on various factors (location, etc.).
Companies such as Beyond Meat (BYND 3.85%) and Oatly (OTLY 0.02%) command multibillion-dollar valuations. Packaged food titans such as Tyson Foods (TSN -1.25%) have launched their own vegan brands, and start-ups such as Impossible Foods are racing to go public. Most analysts, on average, are anticipating a 4.4% decline in revenue to $509.5 million and earnings of $0.25 per share (down from $0.31 a year earlier).
Depending on your favorite type of plant-based “meat,” it is currently cheaper to buy and make a beef burger than it is to make a plant-based burger. Yet the head of the company’s plant-based business believes Covid-19 has provided easymarkets broker it with an opportunity to shine a light on its products. Based on Tattooed Chef’s estimated 2021 revenue of $222 million, the company will have grown its sales by 66.7% on a compounded basis over a three-year period.