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6 Best Canadian Food Stocks That Deserve a Place in Your Portfolio

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Because they give Canadians a dependable source of food and support the nation’s economy, Canadian food stockpiles are crucial. Canadian food corporations support local farmers and businesses through the frequent local sourcing of their ingredients.

Furthermore, Canadian food producers are held to high standards and regulations, ensuring the safety and excellence of the food they create. Additionally, investors may help the nation’s food industry succeed by purchasing Canadian food stocks. Overall, Canada’s food system and economy rely heavily on Canadian food stocks.

Disclaimer:

Equity investments are subject to market risks and may not be suitable for all investors. If you have any doubts as to the merits of an investment, you should seek advice from an independent financial advisor. So please invest at your own risk.

What Are Canadian Food Stocks?

Canadian food stocks refer to the publicly traded companies that are involved in the production, distribution, and sale of food products in Canada. These companies may produce and sell a wide range of food products, including fresh produce, meats, dairy products, grains, and processed foods.

However, like any investment, investing in Canadian food stocks carries risks, and it is important for investors to thoroughly research and consider the risks before making any investment decisions. Factors that may affect the performance of Canadian food stocks include changes in consumer demand, commodity prices, and economic conditions.

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The Best Canadian Food Stocks

1. Loblaw Companies Stock

  • Ticker: L.TO
  • Industry Niche: Food and pharmacy retail
  • Forward Dividend Yield: 1.39%
  • Market Capitalization: $40.06 Billion
  • Forward P/E Ratio: 16.62

Loblaw is a Canadian grocery and pharmacy retailer that operates a chain of supermarkets, drugstores, and discount stores across Canada. It is traded on the Toronto Stock Exchange and owns various other retail brands, including Shoppers Drug Mart, No Frills, and T&T Supermarket.

Loblaw also has a financial services division that offers credit cards, insurance, and other financial products. The company is known for its commitment to sustainability and has implemented various initiatives to reduce its environmental impact, including reducing plastic waste and transitioning to renewable energy sources, making them one of the best food stocks.

2. Empire Company Stock

  • Ticker: EMP-A.TO
  • Industry Niche: Food retail conglomerate
  • Forward Dividend Yield: 1.70%
  • Market Capitalization: $9.36 Billion
  • Forward P/E Ratio: 11.53

Empire Company Limited is a Canadian conglomerate and investment holding company with interests in the food retail, real estate, and media sectors.

Empire Company operates various grocery store chains in Canada, including Sobeys, Safeway, and IGA. These stores offer food products like fresh produce, meats, dairy, bakery goods, and much more.

The company owns and operates multiple properties in Canada, including shopping centers, commercial and residential buildings, and industrial properties.

Additionally, Empire operates in the media sector through several radio and television stations in Canada, including CTV, Global Television, and Corus Entertainment.

Empire Company operates a diverse group of businesses in Canada, making them one of the best food stocks to invest in.

 

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3. Premium Brands Holdings

  • Ticker: PBH.TO
  • Industry Niche: Specialty foods and distribution
  • Forward Dividend Yield: 2.72%
  • Market Capitalization: $3.75 Billion
  • Forward P/E Ratio: 15.2

Premium Brands Holdings is a Canadian company specializing in producing, distributing, and marketing high-quality specialty food products. The company operates through a network of over 50 production and distribution facilities across Canada and the United States and has a portfolio of over 50 premium brands.

In addition to its own brands, Premium Brands Holdings also distributes products from other leading food companies and provides custom food solutions to various customers, including restaurants, hotels, and food service organizations.

4. Maple Leaf Foods

  • Ticker: MFI.TO
  • Industry Niche: Packaged meats
  • Forward Dividend Yield: 2.94%
  • Market Capitalization: $3.00 Billion
  • Forward P/E Ratio: 16.6

A Canadian food manufacturing business called Maple Leaf Foods creates a range of packaged and ready-to-eat foods, including meat, poultry, bread items, and plant-based protein options. With several well-known brands like Maple Leaf, Schneider’s, and Dempster’s, they have a significant presence in the Canadian market.

One of Maple Leaf Foods’ core specialties is processing and packaging meat and poultry products, such as bacon, ham, turkey, chicken, and deli meats. They raise animals and prepare the meat for distribution to supermarkets and other retailers in several facilities across Canada.

The market for plant-based proteins has also just been entered by Maple Leaf Foods, which offers a variety of items like vegan sausages and burgers made with pea protein and lentils. This is a part of their dedication to sustainability and providing solutions to satisfy their consumers’ shifting dietary requirements.

Here're Top 6 Best Food Stocks to Invest in Canada

  • Lowest and most transparent commissions
  • Large number of tradable security types
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  • Low margin rates, from 0.75% to 1.59%
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5. North West Company

  • Ticker: NWC.TO
  • Industry Niche: Grocery stores
  • Forward Dividend Yield: 4.29%
  • Market Capitalization: $1.74 Billion
  • Forward P/E Ratio: 13.63

The North West Company is a Canadian retail company that operates a chain of stores throughout northern and remote communities in Canada. These stores offer a wide range of products, including food, household items, clothing, and other necessities, to residents in these areas.

The business has a long history of meeting the requirements of communities in the North since its founding in 1779. It prioritizes establishing connections with neighborhood communities and is dedicated to hiring and assisting Indigenous peoples.

The North West Company runs retail outlets and also has a distribution network that provides merchandise to these businesses. They collaborate with global vendors to offer their consumers a wide range of items.

Overall, the North West Company is essential to meeting Canadians’ needs in rural and northern towns. They try to develop close relationships with their communities while ensuring access to necessities like commodities and services.

6. Saputo Stock

  • Ticker: SAP.TO
  • Industry Niche: Dairy giant
  • Forward Dividend Yield: 2.28%
  • Market Capitalization: $13.97 Billion
  • Forward P/E Ratio: 16.84

Canadian dairy corporation Saputo manufactures and markets a range of dairy goods, including milk, cheese, butter, and ice cream. It sources its milk from nearby dairy farms and has a variety of dairy processing facilities across the nation.

One of Canada’s biggest dairy corporations, Saputo has a significant presence in both the domestic and global markets. Along with its primary dairy business, the company now manufactures and markets various other culinary items, such as snacks and deli meats. To ensure that the highest quality and safety standards are met during the manufacture of its products, Saputo is dedicated to sustainability and works closely with its dairy farmers.

 

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