Tyson Foods prepares a surprise for Beyond Meat

14.06.2019 / 02:33

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Tyson Foods also announced that they are also on the trend with plant-based meat. After the impressive rise of Beyond Meat since the start of its public offering, other flour companies have started their steps. Tyson Foods is one of the first companies to initiate this change.

The company announced its first blended and herbal-based products along with its new Raised & Rooted brand. This initiative transforms Tyson Foods into the largest US meat producer entering the market for alternative proteins. This way they will directly compete with Beyond Meat.

Looking ahead, Tyson Foods are expected to announce additional products to be available to customers through various sales channels, including the Raised & Rooted brand.

Shares of Beyond Meat are currently traded at about $ 139.40. The range after the IPO ranged from $ 45 to $ 186.43, the analyst's primary target was $ 77.20. By comparison, Tyson, a company that has been on the market for several years, is traded for around $ 82.50.

Trader Martin Nikolov

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Tyson Foods prepares a surprise for Beyond Meat

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