Bulletin
Investor Alert

Market Pulse Archives

Sept. 5, 2019, 3:10 p.m. EDT

Tyson Foods invests in plant-based shellfish company New Wave Foods

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Tyson Foods Inc. Cl A (TSN)
  • X
    Beyond Meat Inc. (BYND)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Tyson Foods Inc. /zigman2/quotes/201117502/composite TSN +0.54% said Thursday that it has invested in San Francisco-based plant-based shellfish company New Wave Foods. The food company, which brands include Jimmy Dean, Hillshire Farm and Ball Park, said it made the investment through its corporate venture subsidiary Tyson Ventures. Tyson said New Wave Foods plans to have a shrimp alternative ready for food service operators in early 2020. The announcement comes about three months after Tyson introduced new plant-based nuggets and "blended" burgers, which are made with a combination of meat and plants. Tyson's stock, which slipped 0.4% in afternoon trading, has gained 6.4% over the past three months. In comparison, Beyond Meat Inc's stock /zigman2/quotes/211617595/composite BYND -0.81% has shot up 60% over the past three months and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.06% has tacked on 5.4%.

/zigman2/quotes/201117502/composite
US : U.S.: NYSE
$ 62.80
+0.34 +0.54%
Volume: 2.65M
Aug. 7, 2020 4:00p
P/E Ratio
12.82
Dividend Yield
2.68%
Market Cap
$22.44 billion
Rev. per Employee
$330,628
loading...
/zigman2/quotes/211617595/composite
US : U.S.: Nasdaq
$ 131.51
-1.07 -0.81%
Volume: 3.48M
Aug. 7, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$8.18 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,351.28
+2.12 +0.06%
Volume: 2.28B
Aug. 7, 2020 5:10p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.