5 Best Plant Based Companies to Invest In

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

Number of Hedge Fund Holders: 36

Tyson Foods, Inc. (NYSE:TSN) is one of the world’s largest meat producers. The company operates through Beef, Pork, Chicken, and Prepared Foods segments. As of April 7, 2022, Tyson Food, Inc. (NYSE:TSN) has gained 20.68% over the past twelve months.

This February, Tyson Foods, Inc. (NYSE:TSN) released its earnings report for the fiscal first quarter of 2022 in which it beat EPS estimates by $0.94. The company reported quarterly revenues of $12.93 billion, up 23.64% year over year, beating revenue estimates by $766.79 million. The company’s earnings per share for the quarter came to $2.87.

On February 8, 2022, Stephens analyst Ben Bienvenu raised his price target on Tyson Foods, Inc. (NYSE:TSN) to $115 from $110 and maintained an Overweight rating on the shares after the company’s Q1 earnings beat. In addition to strong quarterly gains, the analyst noted that the company has raised its margin guidance for chicken, beef, and prepared foods, also adding that the company’s share buyback of 4.2 million shares puts it in a position for growth.

By the end of the fourth quarter of 2021, 36 hedge funds were long Tyson Foods, Inc. (NYSE:TSN) having stakes worth more than $1.01 billion. This is compared to 33 positions in the preceding quarter with collective stakes of $865.19 million. As of December 31, 2021, Yacktman Asset Management is the most prominent shareholder in Tyson Foods, Inc. (NYSE:TSN) having stakes worth over $239.88 million.