5 Best Alternative Meat Stocks to Buy

3. Tyson Foods, Inc. (NYSE:TSN)

Number of Hedge Fund Holders: 31

Tyson Foods, Inc. (NYSE:TSN) was incorporated in 1935 and operates as a food company globally through its Beef, Pork, Chicken, and Prepared Foods segments. In June 2021, the company introduced a new plant-based product line, First Pride. It was the first time Tyson Foods, Inc. (NYSE:TSN) rolled out a plant-based product in Asia. As customers were rethinking about meat alternatives and their health, Tyson Foods, Inc. (NYSE:TSN) tapped the need and launched First Pride initially in Malaysia. Moreover, the company’s Raised & Rooted brand also rolled out plant-based burger patties and Italian sausages, in May 2021 as an alternative to meat and thus Tyson Foods, Inc. (NYSE:TSN) is one of the best alternatives to beef stocks.

At the end of June 30, Tyson Foods, Inc. (NYSE:TSN) had 31 hedge funds investors out of 910 funds tracked by Insider Monkey database. Donald Yacktman’s Yacktman Asset Management was the largest stakeholder with 3.1 million shares that were valued at $156.4 million.