U.S. Food, Beverage & Tobacco Potentially Undervalued Companies

Golden Agri-Resources

Market Cap: US$3.7b

An investment holding company, operates as an integrated palm oil plantation company in Singapore, India, Pakistan, China, rest of Asia, the United States, Europe, and the Middle East.

Farmmi

Market Cap: US$2.6m

Through its subsidiaries, engages in processing and sale of agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East.

MGP Ingredients

Market Cap: US$525.5m

Produces and supplies distilled spirits, branded spirits, and food ingredients worldwide.

Seneca Foods

Market Cap: US$732.9m

Provides packaged fruits and vegetables in the United States and internationally.

Meiji Holdings

Market Cap: US$854.3b

Through its subsidiaries, engages in the manufacture and sale of dairy products, confectionery food products and pharmaceuticals in Japan and internationally.

Oriental Rise Holdings

Market Cap: US$5.9m

Through its subsidiaries, engages in planting, cultivating, processing, and selling of primarily-processed tea in Mainland China.

Marfrig Global Foods

Market Cap: US$15.7b

Through its subsidiaries, operates in the food industry in Brazil and internationally.

Associated British Foods

Market Cap: US$14.4b

Operates as a diversified food, ingredients, and retail company worldwide.

First Resources

Market Cap: US$2.6b

An investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, Malaysia, and internationally.

Astra Agro Lestari

Market Cap: US$15.9t

Engages in the crude palm oil and related derivatives business in Indonesia.

Coca-Cola

Market Cap: US$282.6b

A beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally.

Molson Coors Beverage

Market Cap: US$8.9b

Manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Yakult HonshaLtd

Market Cap: US$724.6b

Manufactures and sells food and beverage products in Japan, the Americas, Asia, Oceania, and Europe.

Thai Union Group

Market Cap: US$48.6b

Manufactures and sells frozen, chilled, and canned seafood in Thailand and internationally.

Coca-Cola HBC

Market Cap: US$13.2b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

ARYZTA

Market Cap: US$1.7b

Provides products and services for in-store bakery solutions in Europe and internationally.

Premier Foods

Market Cap: US$1.7b

Manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally.

Wilmar International

Market Cap: US$17.8b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

ForFarmers

Market Cap: US$210.8m

Provides feed solutions for conventional and organic livestock farming under the ForFarmers brand in the Netherlands, the United Kingdom, Germany, Poland, Belgium, and internationally.

Savencia

Market Cap: US$797.1m

Produces, distributes, and markets dairy and cheese products in France, rest of Europe, and internationally.

Kewpie

Market Cap: US$470.7b

Through its subsidiaries, manufactures and sales food products in Japan and internationally.

Calbee

Market Cap: US$394.7b

Engages in the production and sale of snacks and other food products in Japan, North America, Greater China, the United Kingdom, Indonesia, and internationally.

Noumi

Market Cap: US$40.2m

Develops, sources, manufactures, markets, sells, and distributes plant-based and dairy beverages and dairy and nutritional products in Australia, New Zealand, China, Southeast Asia, South Africa, and the Middle East.

KWS SAAT SE KGaA

Market Cap: US$2.1b

KWS SAAT SE & Co. KGaA breeds, produces, and distributes seeds for agriculture.

Corby Spirit and Wine

Market Cap: US$400.1m

Manufactures, markets, and imports spirits, wines, and ready-to-drink cocktails in Canada, the United States, the United Kingdom, and internationally.

Universal Robina

Market Cap: US$150.8b

Operates as a branded food product company in the Philippines and internationally.

Constellation Brands

Market Cap: US$23.4b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Diamond Estates Wines & Spirits

Market Cap: US$10.9m

Produces, markets, distributes, and sells wines in Canada, Africa, China, Finland, Germany and EU countries, Hong Kong, Indonesia, Japan, korea, Philippines, Singapore, Thailand, United Kingdom, USA, and internationally.

Primo Brands

Market Cap: US$8.3b

Operates as a branded beverage company in North America.

WH Group

Market Cap: US$109.3b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

RCL Foods

Market Cap: US$8.5b

Operates as a food manufacturer in South Africa.

Ebro Foods

Market Cap: US$2.9b

Operates as a food company in Spain, rest of Europe, the United States, Canada, and internationally.

Ricegrowers

Market Cap: US$1.2b

Operates as a rice food company in Australia, New Zealand, the Pacific Islands, Europe, the Middle East, Africa, Asia, and North America.

Indofood CBP Sukses Makmur

Market Cap: US$116.6t

Produces and sells consumers products in Indonesia, Rest of Asia, the Middle East, Africa, and internationally.

Inter-Rock Minerals

Market Cap: US$24.6m

Through its subsidiaries, produces and distributes specialty feed ingredients in the United States and Canada.

Grupo Herdez. de

Market Cap: US$22.2b

A food company, provides processed food in Mexico and internationally.