On Friday’s segment of Good Buy or Goodbye?, Mizuho Securities Managing Director and Senior Consumer Equity Research Analyst John Baumgartner joins Market Domination to discuss which food stocks belong in investors’ portfolios.
Salty snacks win the day: Baumgartner identifies Utz Brands (UTZ) as his "good buy," citing consumer preference for salty snacks, growth in market share, and profit increases related to restructuring. He adds that Utz is investing in artificial intelligence analytics as part of its margin expansion plans.
Beyond Meat (BYND), however, is Baumgartner’s stock to avoid. The analyst points to demand weakness, competition from Impossible Foods, and potential equity dilution.
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