STKL - Food stocks look more appetizing as investors take a defensive position

TrongNguyen/iStock via Getty Images Food stocks are outperforming on the day as a combination of defensive positioning and attractive valuation draws in some buyers. Notable gainers include DAVIDsTea ([[DTEA]] +8.2%), Darling Ingredients ([[DAR]] +3.5%), Pilgrim's Pride ([[PPC]] +3.7%), Seneca Foods ([[SENEA]] +1.9%), SunOpta ([[STKL]] +2.9%), B&G Foods ([[BGS]] +2.8%), Calavo Growers ([[CVGW]] +3.1%), Fresh Del Monte ([[FDP]] +2.5%), Tyson Foods ([[TSN]] +1.7%), Cal-Maine Foods ([[CALM]] +2.5%) and Whole Earth Brands ([[FREE]] +1.8%). The drop in Treasury yields could also be helping to lift sentiment in the food sector. Stocks with a 3% or higher dividend yield include B&G Foods, Kraft Heinz ([[KHC]] +0.9%), Kellogg ([[K]] +0.0%), Flower Foods ([[FLO]] +0.5%), General Mills ([[GIS]] +0.1%) and ConAgra Brands ([[CAG]] +0.1%). Read Seeking Alpha Marketplace author Fred Piard's breakdown on the consumer staples sector.

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Food stocks look more appetizing as investors take a defensive position