5 Vegan Stocks Billionaires Are Loading Up On

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

Number of Billionaire Investors: 13

Dollar Value of Billionaire Holdings: $414,391,110

Number of Hedge Fund Holders: 38

Tyson Foods, Inc. (NYSE:TSN) is a Springdale, Arkansas-based food company primarily known for its production of meat and poultry products. While Tyson Foods, Inc. (NYSE:TSN) is a major player in the meat industry, it has also expanded its product offerings to include some plant-based and vegetarian options. The company has introduced plant-based protein products under its Raised & Rooted brand. The products of the brand are present online and at 10,000 retail stores across the US.

Here’s what Artisan Partners said about Tyson Foods, Inc. (NYSE:TSN) in its Q4 2022 investor letter:

“Our weakest contributors were Philips, Tyson Foods, Inc. (NYSE:TSN) and already-discussed Blackstone. The largest food processor in North America, Tyson Foods is a marketer and distributor of chicken, beef, pork and prepared foods. Top-line growth has remained strong, but margins have been volatile. The margin issues have been primarily in its chicken and prepared foods businesses as beef margins have benefited from ample cattle supply, global export demand and high US domestic retail prices. In the other segments, inflationary pressures have ranged from higher raw material costs to supply chain constraints and labor availability issues. Some of these factors are out of its control, but the company is making efforts to increase labor availability and shift contract terms toward variable price models that could repair margins more quickly. The business has improved over time—the company has spent years moving away from commodity processing toward a greater mix of higher margin branded products and packaging. This has contributed to solid return on invested capital and free cash flow generation. Additionally, revenue growth has benefited from a natural long-term health and wellness tailwind of protein demand rising in the US and globally as diets improve by replacing processed foods with healthier alternatives like protein.”