BTIG highlights Mondelez, Smucker, Utz as top U.S. food picks poised for earnings and free cash flow expansion through 2027.
Mondelez expected upside to 2027 EPS consensus from cocoa cost deflation, margin expansion, and working‑capital benefits driving potential buybacks or acquisitions.
Smucker’s coffee, protein snacks and pet‑food exposure seen as undervalued, with Uncrustables momentum and Sweet Baked Snacks profitability boosting profit outlook.
Utz Brands benefits from geographic expansion, natural‑product positioning and lower capex, improving margins and free cash flow while leverage concerns recede.