The post Best Vegan Stocks to Invest In by Sarah Harris appeared first on Benzinga. Visit Benzinga to get more great content like this.
Invest in the vest vegan stocks today with Interactive Brokers or Robinhood.
The vegan food industry has exploded over the last several years. Consequently, in response to this growing trend, numerous companies have taken the leap and gone public. As a result, you now have the opportunity to find these vegan stocks listed in the stock market and add a few shares of your favorite ones to your investment portfolio.
The question is, where do you start? While that is a decision you will have to make for yourself, you can narrow down your options by learning about eight of the best vegan stocks on the market.
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8 Best Vegan Stocks to Invest In
If you want to support the brands that manufacture your favorite vegan food products, consider investing in these stocks.
| Symbol | Company | % Change | Price | Dividend Yield | Invest |
|---|---|---|---|---|---|
| AVO | Mission Produce |
– 0.75%
|
$11.93 | N/A | Buy stock |
| APPH | AppHarvest |
– 6.22%
|
$0.089 | N/A | Buy stock |
| LOCL | Local Bounti |
– 1.01%
|
$3.91 | N/A | Buy stock |
| TTCF |
+ 0%
|
$0.000000 | N/A | Buy stock | |
| OTLY | Oatly Group |
+ 3.33%
|
$2.17 | N/A | Buy stock |
| CVGW | Calavo Growers |
+ 0.21%
|
$38.26 | 0.4875 / 1.28% | Buy stock |
| BYND | Beyond Meat |
+ 4.96%
|
$16.30 | N/A | Buy stock |
| INGR | Ingredion |
+ 0.87%
|
$110.74 | 2.84 / 2.59% | Buy stock |
1. Mission Produce Inc. (NASDAQ: AVO)
11.9 – 12.165
9.81 – 16.96
12.05
70.79M
92.06K/16.55K
844.47M
70.79M
/0%
0.000
48.00M
Mission Produce purchases avocados from its global network of suppliers and owns thousands of acres of land. In addition to selling avocados, Mission Produce also buys and sells mangoes. Rising produce prices could bode well for the company’s future outlook.
2. AppHarvest Inc. (NASDAQ: APPH)
0.0754 – 0.0951
0.088 – 4.18
0.0907
155.11M
25.59M/3.41M
13.79M
155.11M
/0%
0.000
135.10M
AppHarvest is a vertical farming brand that grows tomatoes but plans to begin growing other fruits and vegetables in the near future. It is also expanding its product line to include things like salsa, the first batch of which sold out quickly. If you want an affordable stock with lots of upside, AppHarvest may be a good match for your portfolio.
3. Local Bounti Corp. (NYSE: LOCL)
3.71 – 4
2.5 – 62.4
3.96
8.12M
26.37K/34.52K
31.76M
8.12M
/0%
0.000
4.21M
Local Bounti is an ag-tech company that focuses on vegan food products. The brand grows herbs and lettuce using its patented agriculture technology, which combines hydroponic greenhouse and vertical farming principles. Local Bounti is a vegan stocks sleeper that may fly under investors’ radars, at least for now.
4. Tattooed Chef Inc. (NASDAQ: TTCF)
–
–
0.00K
0.00K/0.00K
0.00K
0.00K
/0%
0.000
0.00K
Tattooed Chef is one of the biggest players in the plant-based frozen-food space. The company went public a few years ago, but it has been growing rapidly since then. If the company can make the leap to international sales, it could experience meteoric growth.
5. Oatly Group (NASDAQ: OTLY)
2.1101 – 2.23
1.28 – 4.25
2.14
592.32M
4.87M/2.84M
1.29B
592.32M
/0%
0.000
552.38M
Oatly specializes in producing oat milk and has gained a strong foothold in the plant-based milk vertical over the last couple of years. While oat milk still falls behind almond milk in terms of sales, it has surpassed soy milk. The company can be a good addition to a portfolio, as its stock remains affordable.
6. Calavo Growers Inc. (NASDAQ: CVGW)
37.56 – 38.609
22.64 – 45.5
38.19
17.78M
12.08K/14.10K
680.43M
17.78M
0.4875/1.28%
0.000
14.31M
Calavo Growers generates the majority of its revenue from avocado sales. Demand for this unique fruit is on the rise, meaning Calavo could be primed for steady, long-term growth. However, Calavo exclusively trades in commodities, which are unbranded and undifferentiated products, which means it is unlikely to experience rapid spikes in value.
7. Beyond Meat Inc. (NASDAQ: BYND)
15.52 – 16.74
9.815 – 44.51
15.52
64.23M
2.39M/3.35M
1.05B
64.23M
/0%
0.000
58.71M
Beyond Meat is one of the most well-known vegan food brands. While growth has slowed over the last few years, the company is trending upward. Its products are available at tens of thousands of food service and retail locations around the globe, which could result in future growth.
8. Ingredion Inc. (NYSE: INGR)
109.64 – 110.87
78.86 – 113.46
109.72
66.02M
31.23K/35.13K
7.31B
66.02M
2.84/2.59%
33.620
58.46M
Ingredion provides a wide range of plant-based ingredients to food manufacturers. It specializes in corn-based ingredients that can be found in other vegan food brands. The company has been around for years — its stock could provide stability for your investment portfolio.
What Are Vegan Stocks?
Vegan stocks give you a share of ownership in a company that produces vegan food products. If a company is publicly traded, you can purchase its stocks directly. You can buy individual shares of several companies or focus on a particular brand.
If you want to invest in a socially responsible company that shares your values, you can also put your money in a mutual fund. These funds allow you to mitigate risk and diversify your portfolio via a single investment and can be another great option for those interested in vegan stocks.
Benefits of Investing in Vegan Stocks
There are plenty of benefits associated with investing in vegan stocks. By adding vegan food stocks to your portfolio, you can:
Diversify Your Portfolio
Building a diverse portfolio can help you mitigate risks and achieve more steady returns. If you have a balanced portfolio, your assets should be more resilient to the ebb and flow of the stock market.
Participate in a Rapidly Growing Industry
The vegan food sector is growing at a fast pace. Investing in an industry with a positive outlook and a fast rate of growth can be a wise move.
You should prioritize established vegan food brands that have demonstrated some level of stability on the stock market. While there is nothing wrong with taking a chance on a start-up, you should do so cautiously.
Support Brands that Share Your Beliefs
If you follow a vegan lifestyle, investing in brands that manufacture products you love can be rewarding. You can help support these companies and fuel their growth so they can deliver products and services to others who share your beliefs.
Considerations for Choosing Vegan Stocks
When exploring vegan stock investment opportunities, you should prioritize:
Companies with a Focus on Plant-Based Food and Beverages
Many mainstream food production brands are now participating in the vegan food market. However, some of these businesses make relatively small investments in the vegan food sector.
If you are passionate about supporting the vegan food industry through investing, focus on brands that have made plant-based foods and beverages a foundational part of their business model.
Sustainable and Eco-friendly Practices
Businesses that are true to their mission statement will follow sustainable and eco-friendly practices. This commitment means minimizing their carbon footprint, investing in sustainable packaging and taking other steps to preserve natural resources. Dig deep into each potential investment and see if the company adheres to eco-friendly business practices.
Animal Cruelty-Free Policies
The best vegan brands stringently adhere to cruelty-free policies and apply these concepts to the entire product lifecycle. From growing plants for their products to disposing of waste, the leading vegan brands go above and beyond to preserve animal life.
Where to Invest in Vegan Stocks
If you are ready to start investing in vegan food stocks, explore this table of reputable brokers and find the provider that is the right fit for your trading goals.
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Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.
IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.
Best For
- Access to international markets
- Active traders
- Detailed mobile app that makes trading simple
- Wide range of available account types and tradeable assets
- IB SmartRouting provides significant price improvement vs. industry
- Fractional trading allows investing regardless of share price
- Industry’s lowest margin rates
- Earn more by lending your fuly-paid shares
- Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources
Magnifi is an intelligently designed marketplace that allows investors to access data-backed information about various investment opportunities. The company combines standard brokerage tools with artificial intelligence (AI) to promote financial competence. Magnifi distinguishes itself from the crowd by offering an AI-powered search feature and an AI-powered investment assistant. Magnifi offers a technology-forward platform that aims to promote confident and capable long-term financial investments.
Best For
- Long-term investors
- Individuals interested in personalized assistance
- New investors that are eager to learn how to start investing
- Access to an AI-powered investing assistant with a Magnifi Personal account
- Commission-free investing
- Over 15,000 possible investments
- Available mobile application
- Limited methods of communication with customer service
CenterPoint Securities is ideal for active traders who demand access to advanced tools and services. While investors and casual traders are likely to be content with the basic offerings of traditional online brokerages, active traders will benefit from CenterPoint’s suite of advanced trading tools. If you value execution quality, access to short inventory, advanced trading platforms, and accessible customer service, CenterPoint is an excellent choice.
Best For
- Intermediate to Advanced traders
- High-volume traders
- Momentum traders
- Short sellers
- Unrivaled access to short inventory
- Flexible order routing for improved executions
- Discounts for active traders
- Advanced platform with fast executions
- Reliable customer service
- Not designed for beginner or low-volume traders
Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.
Webull is widely considered one of the best Robinhood alternatives.
Best For
- Active traders
- Intermediate traders
- Advanced traders
- No account maintenance fees or software platform fees
- No charges to open and maintain an account
- Intuitive trading platform with technical and fundamental analysis tools
- Does not support trading in mutual funds, bonds or OTC stocks
This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.
Best For
- Novice investors
- Retirement savers
- Day traders
- World-class trading platforms
- Detailed research reports and Education Center
- Assets ranging from stocks and ETFs to derivatives like futures and options
- Thinkorswim can be overwhelming to inexperienced traders
- Derivatives trading more costly than some competitors
- Expensive margin rates
Purchase Your First Vegan Food Stocks Today
You can choose from plenty of great vegan stocks to add to your portfolio. If you are new to investing, you can begin trading in vegan stocks by creating a brokerage account and buying funds.
Now that you know how to get started and which stocks to focus on, you are ready to make your first trade. As you enter the world of vegan stocks, make sure to do plenty of research, balance risk vs. reward and build a diverse portfolio.
Frequently Asked Questions
What stocks are similar to Beyond Meat?
Several vegan stocks are publicly traded, including Tattooed Chef, Calavo and Oatly. Like Beyond Meat, these brands specialize in vegan products.
Is plant-based food a good investment?
The plant-based food industry has experienced a surge in popularity over the last several years. Consequently, investing in plant-based food can be a wise move, especially if you want to diversify your portfolio.
What is the best vegan stock?
There is no single best stock, as the right investment for you will vary based on your unique circumstances, the diversity of your portfolio and your financial goals. You should consider factors like a company’s recent history, average stock price and projected trajectory when deciding which stocks to buy.
Best Vegan Stocks Methodology
When selecting vegan stocks, it’s best to focus on established brands that have proven to be stable investments. Analyze industry news and market reports to ensure your list includes viable investment options. It’s wise to consider market sentiment toward each stock, past financial performance over the previous 12 months and future projections, although past success is no guarantee of future performance.
The post Best Vegan Stocks to Invest In by Sarah Harris appeared first on Benzinga. Visit Benzinga to get more great content like this.
