5 Oversold Dividend Growth Stocks to Buy

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

Relative Strength Index: 24.25

5-Year Dividend Growth Rate: 5.95%

On June 1, Goldman Sachs added Tyson Foods, Inc. (NYSE:TSN) to its US Conviction List as part of the firm’s monthly update. The firm said it expects Tyson to deliver earnings growth above consensus estimates, supported by its diversified protein portfolio and continued margin expansion. Goldman Sachs maintains a Buy rating on the stock. It also set an $81 price target on the stock.

During the fiscal Q2 2026 earnings call, CEO King said the company’s second-quarter results demonstrated the effectiveness of its strategy. Tyson generated $13.7 billion in sales and $497 million in adjusted operating income during the quarter. King noted that performance was led by the Chicken and Prepared Foods segments. He attributed the strength in those businesses to disciplined execution of operational initiatives within the company’s control, along with more efficient marketing and promotional spending.

Chief Financial Officer Curt Calaway said free cash flow remains a central part of Tyson’s strategy. He reported that operating cash flow totaled $829 million during the first half of the fiscal year, resulting in free cash flow of $432 million. Calaway also pointed to progress on the balance sheet. Over the previous 12 months, the company reduced its gross debt by nearly $1 billion.

Tyson Foods, Inc. (NYSE:TSN) is a food company with a portfolio of products and brands that includes Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells, and ibp. The company operates through four segments: Beef, Pork, Chicken, and Prepared Foods.