These food stocks could benefit if RFK Jr. promotes healthier eating, removal of artificial ingredients

📆 19/11/2024 20:35:00
📰 CNBC

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Lamb Weston Holdings Inc Nouvelles

Pepsico Inc.,Sprouts Farmers Market Inc,Albertsons Companies Inc

Some stocks could benefit from an RFK Jr.-helmed Department of Health and Human Services, according to Bank of America and Wells Fargo.

The intended Department of Health and Human Services nominee Robert F. Kennedy Jr. could push through policies that will provide a tailwind for some food and beverage stocks, despite the pressure the sector has seen since news of his potential appointment. "A knock-on effect of RFK could be expansion of an already strong trend toward healthy eating," Wells Fargo equity analyst Edward Kelly wrote in a Monday note.

Spillane also said that the company can benefit from its products making their way toward more visible sections of grocery stores, specifically closer to both protein and produce, if Kennedy makes good on his healthy eating campaign. MKC YTD mountain McCormick stock.

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