Grocery Stocks Worth Watching – May 5th

Maplebear, Casey’s General Stores, and Conagra Brands are the three Grocery stocks to watch today, according to MarketBeat’s stock screener tool. “Grocery stocks” are shares of publicly traded companies that operate supermarkets, grocery chains, food wholesalers and other businesses whose primary product is groceries and household staples. Investors typically view them as consumer-staple or defensive plays—offering relatively steady cash flows and often dividends—but with thin margins and exposure to commodity prices, competition and local labor/real-estate costs. These companies had the highest dollar trading volume of any Grocery stocks within the last several days.

Maplebear (CART)

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America. It sells and delivers grocery products, as well as pickup services through a mobile application and website. It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers.

Casey’s General Stores (CASY)

Casey’s General Stores, Inc. engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.

Conagra Brands (CAG)

Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.