The 3 Best Vegan Stocks to Buy in June 2024

InvestorPlace06-15

With Gen Z reshaping investing with a focus on sustainability, bet on these best vegan stocks to buy. Laird Superfood (LSF): With double-digit growth in net sales and gross margins in its most recent ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe 3 Best Vegan Stocks to Buy in June 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-15 01:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/06/the-3-best-vegan-stocks-to-buy-in-june-2024/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With Gen Z reshaping investing with a focus on sustainability, bet on these best vegan stocks to buy.\nLaird Superfood (LSF): With double-digit growth in net sales and gross margins in its most recent ...</p>\n\n<a href=\"https://investorplace.com/2024/06/the-3-best-vegan-stocks-to-buy-in-june-2024/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COCO","symbol_name":"The Vita Coco Company, Inc.","start_time":0,"source_url":"https://investorplace.com/2024/06/the-3-best-vegan-stocks-to-buy-in-june-2024/","article_id":"2443603993","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2443603993","pubTimestamp":1718385121,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"With Gen Z reshaping investing with a focus on sustainability, bet on these best vegan stocks to buy.Laird Superfood : With double-digit growth in net sales and gross margins in its most recent quarter, Laird demonstrates strong recovery potential.Vita Coco : Dominating the coconut water market, COCO has experienced robust financial growth.Calavo Growers : Benefiting from double-digit increase in avocado prices, Calavo Growers shows promise with improved margins and a stable dividend yield.It’s tough to deny Gen Z’s disruptive role in the investing realm these days. The digital-savvy generation is rewriting the investment playbook, betting on meme-driven, sustainable, ethical investments and disrupting traditional financial models. With that in mind, adding the best vegan stocks to buy wouldn’t be too shabby.It posted a stellar 22% increase in net sales, which its management claims stands out among its peers in the food industry. Moreover, it recorded double-digit growth across all its","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COCO":"The Vita Coco Company, Inc.","BK4177":"软饮料","DEO":"帝亚吉欧","BK4523":"印度概念","DGE.UK":"帝亚吉欧","BK4099":"汽车制造商","BK4169":"酿酒商与葡萄酒商","BK4585":"ETF&股票定投概念","CVGW":"卡拉沃养殖","BK4588":"碎股","TTM":"塔塔汽车","BK4212":"包装食品与肉类","LSF":"Laird Superfood, Inc."},"translate_title":"2024年6月最值得购买的3只纯素股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COCO":1,"CVGW":1,"DEO":1,"LSF":1,"TTM":1,"DGE.UK":0.6},"content_text":"With Gen Z reshaping investing with a focus on sustainability, bet on these best vegan stocks to buy.\nLaird Superfood (LSF): With double-digit growth in net sales and gross margins in its most recent quarter, Laird demonstrates strong recovery potential.\nVita Coco (COCO): Dominating the coconut water market, COCO has experienced robust financial growth.\nCalavo Growers (CVGW): Benefiting from double-digit increase in avocado prices, Calavo Growers shows promise with improved margins and a stable dividend yield.\n\n\n\n\n\n \n\nSource: Shutterstock\n\n\n\nIt’s tough to deny Gen Z’s disruptive role in the investing realm these days. The digital-savvy generation is rewriting the investment playbook, betting on meme-driven, sustainable, ethical investments and disrupting traditional financial models. With that in mind, adding the best vegan stocks to buy wouldn’t be too shabby.\nStudies have shown that a significant majority of young consumers prefer plant-based options. Hence, companies that benefit from the vegan movement are set for robust long-term gains. With Gen Z’s commitment to sustainability, wagering on these three vegan stocks could offer both ethical alignment and financial gains ahead.\nInvesting in these businesses offers healthy prospects within the vegan market due to their consistent top-line growth and dominance in niche sectors like coconut water. Each company has been delivering solid operating results of late, making notable strides in bottom-line expansion. Hence, their market leadership and recent fundamental achievements highlight their potential for long-term growth and rewarding shareholder returns. \nBest Vegan Stocks to Buy: Laird Superfood (LSF)\nSource: David Tonelson / Shutterstock.comLaird Superfood (NYSEAMERICAN:LSF) has effectively carved a niche in the burgeoning plant-based food industry, serving a variety of natural and functional products from coffee creamers to beverage-enhancing supplements. Its diverse product lineup appeals to a range of customers, from turmeric coffee creamers to performance-enhancing mushrooms.\nLike its peers, it has had a rough couple of years with the normalization of vegan trends. However, its debt-free status and growing margins indicate that a comeback is in motion. The results of its multi-year strategic turnaround, Laird Superfood’s first-quarter (Q1) results, are a testament to its powerful growth strategy.\nIt posted a stellar 22% increase in net sales, which its management claims stands out among its peers in the food industry. Moreover, it recorded double-digit growth across all its sales channels. Additionally, it maintained a solid 40% gross margin for the second consecutive quarter.  Hence, despite being a speculative play, Laird is on a positive trajectory, potentially offering long-term upside ahead.\nVita Coco (COCO)\nSource: Nicole Glass Photography / Shutterstock.comVita Coco (NASDAQ:COCO) is another top vegan play, and it’s easily the best pick from the list. That’s because it continues growing rapidly as its stock racks up fresh highs. The company focuses on coconut water-based beverages, which boast natural hydration and rich nutrients. Moreover, it dominates the coconut water market with a 50% market share, offering a unique proposition from mainstream competitive sports and energy drinks. Also, it’s a hit with health-conscious consumers and athletes providing a laundry list of post-exercise recovery benefits.\nOn the financial front, it continues to impress, with year-over-year (YOY) growth in sales and EBITDA at 12.3% and 186%, respectively. Consequently, its free-cash-flow base has swelled from a negative $19.3 million to a whopping $88.2 million on a trailing 12-month (TTM) basis.\nAdditionally, Vita Coco recently partnered with British alcohol giant Diageo (NYSE:DEO) as it ventures into the fast-growing ready-to-drink alcoholic beverage sector. This expansion adds a remarkable new dimension to Vita Coco’s growth trajectory, enhancing its long-term appeal.\nCalavo Growers (CVGW)\nSource: rblfmr / Shutterstock.comCalavo Growers (NASDAQ:CVGW) distributes avocados and other perishable plant-based foods. Focusing on global retail grocery and food service customers, the company efficiently capitalizes on the increasing shift toward vegan-friendly food options.\nTo be fair, it hasn’t been the most rewarding of vegan stocks, but recent results suggest it’s turning a corner. Its second-quarter (Q2) results saw a healthy earnings beat due to improved margins in the core avocado business. Particularly, average selling prices of avocados in the grown segment increased by 28% compared to the prior-year period. Moreover, its tomato portfolio also improved sequentially and on a YOY basis. Additionally, its management highlighted improvements in its guacamole business through favourable input costs and operational efficiency.\nFurthermore, adjusted net income was $8.9 million, compared to $5.1 million last year. Its adjusted EBITDA of $13.4 million improved from $9.9 million the prior year. It’s also worth noting that CVGW announced a 10-cent per share quarterly dividend, which now yields 1.6%.\nOn the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nMuslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.Consumer Staples, FoodGrowth Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/06/the-3-best-vegan-stocks-to-buy-in-june-2024/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2443603993"}