5 Best Vegan Stocks To Buy

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

Number of Hedge Fund Holders as of Q2, 2022: 37

Topping the list of the best vegan stock to buy is Tyson Foods, Inc. (NYSE:TSN). Tyson Foods, Inc. (NYSE:TSN) is an American multinational corporation that operates in the food industry. The biggest animal meat producer in the United States by revenue, Tyson Foods, Inc. (NYSE:TSN) introduced its first plant-based goods in 2019. It expanded its offering in 2021 to include burger patties, bratwurst, Italian sausage, and ground “meat” made from pea protein.

Tyson Foods, Inc. (NYSE:TSN) has been raising its dividends consistently for the past 10 years and has a five-year dividend CAGR of 15.38%. The company currently pays a quarterly dividend of $0.46 per share and has a 2.84% yield as of October 17. Tyson Foods, Inc. (NYSE:TSN) announced revenue of $13.5 billion for fiscal Q3 2022, an increase of 8.2% over the same quarter the previous year. The operating cash flow for the company was $666 million, and the free cash flow was $190 million. It had over $1 billion in cash and cash equivalents and over $9.3 billion in total current assets at the end of the quarter.

Cliff Asness’ AQR Capital owned over 3.2 million shares in Tyson Foods, Inc. (NYSE:TSN) worth $278.4 million, becoming the company’s largest stakeholder in Q2. Overall, 37 hedge funds tracked by Insider Monkey owned stakes in the food company in Q2, with a total value of $1.15 billion.

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