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- 1 Fast-moving consumer goods or consumer packaged goods (CPG) sector businesses in Canada perform well in good and bad economies.
- 2 The Canadian CPG market is expected to grow up to 1.71% between 2023 to 2028 with a predicted market volume of $57.56 Billion by the end of 2028.
The never-ending demand for food and beverages, personal care, and health hyped the value of the Canadian FMCG sector in the stock market in 2023. Investing in Canadian FMCG stocks can be a win-win game for traders in the near future. With the assumption of never-ending demand for daily-use products, it is favorable to invest in FMCG stocks.
Below are some of the top FMCG stocks that investors need to look at.
Loblaw Company Ltd. (L)
Loblaw Company Ltd. is a leader in the FMCG sector offering a wide range of services related to grocery, financial products, pharmacy, and general merchandise. The company was introduced in 1919 and employs around 221K workforce which contributes to generating an annual revenue of C$ 56.504 Billion. L stock price is currently at C$ 118.13 with a market cap of C$ 37.438 Billion. The stock is a “buy” as per professionals’ ratings.
George Weston Ltd (WN)
Another powerful stock to buy in the list is George Weston Ltd., highly engaged in the food processing and distribution of frozen and baked goods. Established in 1882, the company is performing well in the market, generating an annual revenue of C$ 57.048 Billion. The current WN stock price is C$ 152.15, an upsurge of 0.76% with a market cap of C$ 20.872 Billion.
Metro Inc. (MRU)
Metro Inc., a retailer and distributor of food and pharmacy products was established in 1947, operating in a network of drugstores, supermarkets, and discount stores. The annual revenue of the firm is C$ 18.889 Billion with a net income of C$ 846.1 Million. Currently, MRU’s stock price is C$ 70.73, an upsurge of 0.83% with a market cap of C$ 16.249 Billion.
Saputo Group Inc. (SAP)
Saputo Group Inc. stock is a “buy” as per an aggregate view of professionals’ ratings. Founded in 1954, the company is highly engaged in manufacturing and distribution of dairy products including cheese, cream products, etc., generating an annual revenue of C$ 17.843 Billion. SAP stock price is now at C$ 20.06 making it a good stock to invest in September 2023.
Premium Brands Holdings (PBH)
Premium Brands Holdings is another powerful name in the list of top FMCG stocks in the Canadian marketplace. The company was introduced in 1917 and performed well in the industry, offering specialty foods and premium food distribution segments. PBH stock price is C$ 102.28 with a market cap of C$ 4.565 Billion. The stock is a “buy” as per the professional’s ratings, generating an annual revenue of C$ 6.03 Billion.
Conclusion
The FMCG market of Canada is performing well, making it a good choice for investment. Saputo Group Inc., Premium Brands Holdings, Loblaw Company Ltd., Metro Inc., and George Weston Ltd. are some strong stocks to discover in September 2023.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
