5 Best Vegan Stocks to Buy Now

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

Number of Hedge Fund Holders: 38

Tyson Foods, Inc. (NYSE: TSN) ranks 2nd in our list of the 10 best vegan stocks to buy now. In 2019, Arkansas-based Tyson Foods, Inc. unveiled its plant-based protein brand Raised and Rooted. Among its plant-based offerings are spicy chicken-free nuggets and tenders. Last year, Tyson Foods expanded its vegan food product offerings in Europe. Among Tyson Foods’ alternative plant-based brands are Ballpark and Jimmy Dean. Tyson Foods continues to invest in startup companies interested in alternative proteins through Tyson Ventures. Among the VC fund’s latest investments is cell-based meat producers Memphis Meats and Future Meat Technologies and mushroom-based meat producer Mycotechnology. 

The company has a market cap of 29 billion and total sales of $10.5 billion in the first quarter of 2021. Shares of TSN climbed 30% over the past twelve months. On April 9, Stephens & Co. maintains an Overweight ranking for TSN, with a price target of $90.

There were 38 hedge funds that reported owning stakes in Tyson Foods, Inc. (NYSE: TSN) at the end of the fourth quarter, up from 36 funds a quarter earlier. The total value of these stakes at the end of Q4 is $867.5 million.

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