In this article, we discuss the 5 biggest meat processing companies in USA. If you want to read our discussion on the latest developments in the meat processing industry, go directly to the 13 Biggest Meat Processing Companies in USA.
5. Tyson Foods, Inc. (NYSE:TSN)
Market Cap as of December 11: $22.92 B
Number of Hedge Fund Holders: 35
Tyson Foods, Inc. (NYSE:TSN) is a modern, multi-national, protein-focused food conglomerate that produces beef, pig, and chicken in the United States, in addition to a portfolio of other foods. The breakdown of Tyson Foods, Inc. (NYSE:TSN)’s net sales in the meat segment is as follows: beef products is 36.8%, poultry meat products 28.1%., and pork products is 12.9%.
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4. Hormel Foods Corporation (NYSE:HRL)
Market Cap as of December 11: $25.69 B
Number of Hedge Fund Holders: 29
Hormel Foods Corporation (NYSE:HRL), headquartered in Austin, Minnesota, manufactures and distributes premium, name-brand foods, and meat products across the globe. Products from Hormel Foods marketed in the US are made and packaged there. Brazil and China also have processing facilities owned by Hormel Foods Corporation (NYSE:HRL). Therefore, anything produced at such factories is meant for Chinese and Brazilian buyers.
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3. The Kroger Co. (NYSE:KR)
Market Cap as of December 11: $33.26 B
Number of Hedge Fund Holders: 49
The Kroger Co. (NYSE:KR) is a supermarket. The company sells meat, fish, and a variety of other items. The Kroger Co. (NYSE:KR) stock has risen about 7% since the beginning of the year. It is also outperforming the S&P 500, which has lost more than 17% so far in 2022.
The Kroger Co. (NYSE:KR) is seeing strong same-store sales growth, has a respectable dividend yield of 2.2%, a sound balance sheet, and has just raised its outlook.
Legendary investor and billionaire Warren Buffett’s Berkshire Hathaway is the biggest stakeholder in The Kroger Co. (NYSE:KR) out of the 920 hedge funds tracked by Insider Monkey as of the end of the third quarter. The Oracle of Omaha owns 50.27 million shares of the company worth $2.20 billion.
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2. Sysco Corporation (NYSE:SYY)
Market Cap as of December 11: $41.67 B
Number of Hedge Fund Holders: 40
Sysco Corporation, via its subsidiaries, markets and distributes a wide range of food and associated items to the foodservice or food-away-from-home business in the United States, Canada, the United Kingdom, France, and worldwide. The firm sells frozen meat, seafood, fully cooked entrées, fruits and vegetables, and desserts.
Nelson Peltz’s Trian Partners is Sysco Corporation (NYSE:SYY)’s leading stakeholder in Q3, with a stake worth $507.52 million.
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1. The Kraft Heinz Company (NASDAQ:KHC)
Market Cap as of December 11: $48.92 B
Number of Hedge Fund Holders: 40
The Kraft Heinz Company (NASDAQ:KHC) is a multinational food and beverage corporation. Meat and various other products are among the food and beverage goods manufactured and distributed by The Kraft Heinz Company (NASDAQ:KHC).
Berkshire Hathaway is the most prominent shareholder of The Kraft Heinz Company (NASDAQ:KHC).
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