Scanning the FTSE 250, I seen that Britvic (LSE: BVIC) and Bakkavor (LSE: BAKK) shares are among the many greatest performers in 2024 to this point.

Let’s check out whether or not I might nonetheless purchase some shares as we speak to assist increase my holdings.

Britvic

The soft-drinks producer has seen its shares rise a mammoth 50% in 2024 so far from 840p at first, to present ranges of 1,262p. I reckon a giant a part of this ascent has been two failed bids from drinks large Carlsberg as a part of a takeover bid.

Over a 12-month interval, the shares are up 49% from 846p right now final yr, to present ranges.

There may be each probability that one other bid could possibly be incoming, and present shareholders could possibly be compensated handsomely. Alternatively, there’s a probability that this will not occur.

Within the case of the latter, there’s a very good funding case for a longtime enterprise with a superb observe file of progress, return, and a dominant market place. A dividend yield of two.6% at current is first rate. Nevertheless, I do perceive that dividends are by no means assured, and previous efficiency is rarely a assure of the longer term.

The one situation I’ve when contemplating shopping for some shares now’s Britvic’s lofty valuation. The shares now commerce on a price-to-earnings ratio of 20. Is that this due to the takeover bid? I believe so. Might the shares plummet if any future bids aren’t profitable? It is a chance.

At current I’m going to sit down on the sidelines and watch how issues develop. Nevertheless, I have to admit, I’m a fan of the enterprise.

Bakkavor

Bakkavor is a fresh-food producer of things comparable to pasta, pizza, salads, and extra. It has skilled a resurgence in 2024 so far.

The shares are up an enormous 81% from 81p at first of the yr, to present ranges of 147p. Over a 12-month interval, they’re up 58% from 93p at this level final yr, to present ranges.

Bakkavor appears to be like like a very good enterprise to me. It’s capitalising on a burgeoning sector, as we lead more and more busier lives. Plus, it has a large presence, working in profitable segments together with the UK, US, and China.

I reckon the shares took off after a optimistic replace for 2023 launched in March. The important thing takeaways from the report for me have been that income, revenue, free money move, and dividend-per-share all elevated in comparison with 2022. Plus, internet debt decreased. Along with this, a Q1 replace in May additionally made for optimistic studying.

From an funding perspective, the shares supply a ahead dividend yield of 6.6%. Plus, analysts reckon this might develop. Nevertheless, I do perceive that forecasts don’t all the time come to fruition.

Having a look on the valuation, Bakkavor shares commerce on a price-to-earnings ratio of simply 15, which nonetheless appears to be like first rate to me.

From a bearish view, inflationary pressures might put a dent in revenue margins and potential returns. There’s clear proof within the agency’s previous observe file of exterior occasions, comparable to a pandemic or geopolitical conflicts, impacting earnings and returns.

At this level, I’d purchase Bakkavor shares after I subsequent have some funds to take a position.