5 Best Food Stocks To Buy Now

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In this article, we discuss the 5 best food stocks to buy now. If you want to read our detailed analysis of the food stocks and the overall industry, go directly to see the 10 Best Food Stocks To Buy Now.

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

Number of Hedge Fund Holders: 33

Tyson Foods, Inc. (NYSE:TSN) is an American food company that is one of the largest producers of chicken, beef, and pork and is also the largest exporter of beef in the country. The stock gained on November 14, after it topped consensus estimates for its fiscal Q4 earnings, making it one of the best food stocks to buy now. Tyson Foods, Inc. (NYSE:TSN) posted an EPS of $2.30, beating the estimates by $0.08.

At the end of June, 33 hedge funds tracked by Insider Monkey reported owning stakes in Tyson Foods, Inc. (NYSE:TSN), valued at $743.7 million. In the previous quarter, 28 hedge funds had positions in the company, highlighting a positive hedge fund sentiment in Q2.

On November 16, both BMO Capital and Stephens raised their price targets on Tyson Foods, Inc. (NYSE:TSN) to $103 and $100, respectively, after the company posted strong quarterly results. The analysts appreciated a 15.4% year-over-year growth in the company’s beef sales in fiscal Q4 2021.

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