5 Best Consumer Staples Stocks to Buy Now

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

Number of Hedge Fund Holders: 38   

Tyson Foods, Inc. (NYSE: TSN) is an Arkansas-based multinational food company. It was founded in 1935 and is placed fourth on our list of 10 best consumer staples stocks to buy now. Tyson is the second largest producer of beef meat, chicken meat, and pork meat in the world. Some of the famous brands it owns include Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells, and Gallo Salame. Some products of the firm are also sold under the Tyson brand name. 

Tyson Foods, Inc. has been investing in poultry as demand grows around the world. On April 22, the firm announced that it would be investing close to $48 million in an Arkansas poultry operation. The announcement followed the opening of a new Tyson poultry plant in Tennessee earlier that month.

At the end of the fourth quarter of 2020, 38 hedge funds in the database of Insider Monkey held stakes worth $867 million in the firm, up from 36 in the preceding quarter worth $618 million.