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Tyson Foods (TSN) Surges YTD Buoyed by Solid Protein Demand

Zacks Equity Research

Tyson Foods, Inc. TSN is poised to continue gaining from its efforts to capitalize on the rising demand for protein-packed products. Notably, USDA expects overall domestic protein production (chicken, beef, pork and turkey) to rise roughly 2-3% year over year in fiscal 2020. Tyson Foods’ focus on enriching the portfolio to cater to this rising demand, along with its Financial Fitness Program, has been boosting investors’ spirits despite input cost inflation.

Shares of this Zacks Rank #3 (Hold) company have soared 71.7% year to date, easily outpacing the industry’s growth of 40.2%. Let’s delve deeper.

Click to get this free report Tyson Foods, Inc. (TSN) : Free Stock Analysis Report Hormel Foods Corporation (HRL) : Free Stock Analysis Report McCormick & Company, Incorporated (MKC) : Free Stock Analysis Report Beyond Meat, Inc. (BYND) : Free Stock Analysis Report To read this article on click here. Zacks Investment Research