Grocery Stocks To Keep An Eye On - August 2nd

Key Points

• Costco Wholesale, which operates membership warehouses worldwide, recently saw its stock trade up to $952.52 with a market cap of $422.42 billion and a P/E ratio of 54.03.
• Berkshire Hathaway shares increased to $472.77, with a market cap exceeding $1 trillion and a P/E ratio of 12.60, indicating strong market interest.
• Walmart experienced a stock rise to $98.40, supported by substantial trading volume and a market capitalization of $785.27 billion, reinforcing its position in the grocery retail sector.

Costco Wholesale, Berkshire Hathaway, and Walmart are the three Grocery stocks to watch today, according to MarketBeat's stock screener tool. Grocery stocks are the assortment of food items and household necessities that a grocery retailer maintains in its inventory to meet customer demand. They include perishable goods such as fruits, vegetables and dairy products as well as nonperishables like canned foods, grains and cleaning supplies. Effective management of grocery stocks helps retailers minimize spoilage, avoid stockouts and optimize shelf availability. These companies had the highest dollar trading volume of any Grocery stocks within the last several days.

Costco Wholesale (COST)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

NASDAQ COST traded up $12.88 on Friday, reaching $952.52. The stock had a trading volume of 2,932,630 shares, compared to its average volume of 2,019,283. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The firm has a fifty day moving average of $983.34 and a two-hundred day moving average of $983.82. Costco Wholesale has a 1-year low of $793.00 and a 1-year high of $1,078.23. The company has a market cap of $422.42 billion, a P/E ratio of 54.03, a price-to-earnings-growth ratio of 5.84 and a beta of 0.97.

Read Our Latest Research Report on COST

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

Shares of BRK.B traded up $0.89 during trading hours on Friday, hitting $472.77. 5,282,567 shares of the company were exchanged, compared to its average volume of 4,084,114. Berkshire Hathaway has a fifty-two week low of $406.11 and a fifty-two week high of $542.07. The company has a market cap of $1.02 trillion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 3.28 and a beta of 0.81. The firm's fifty day moving average is $485.54 and its 200 day moving average is $496.60.

Read Our Latest Research Report on BRK.B

Walmart (WMT)

Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

Shares of Walmart stock traded up $0.42 on Friday, hitting $98.40. The stock had a trading volume of 16,740,547 shares, compared to its average volume of 12,707,151. The stock has a 50 day moving average of $96.86 and a 200 day moving average of $95.03. Walmart has a twelve month low of $66.67 and a twelve month high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The firm has a market capitalization of $785.27 billion, a P/E ratio of 42.05, a PEG ratio of 4.72 and a beta of 0.66.

Read Our Latest Research Report on WMT

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