Tyson could be an ideal pick for conservative investors. Fake meat and vegan alternatives remain a small fraction of Tyson’s overall sales. However, sales in the company’s “processed food” segment, which includes fake meat, has been relatively flat in recent quarters. The company has tried to enter the fake meat market multiple times, most recently in 2021. It’s an 88-year old meat producer with significant market share across North America and the rest of the world. Read more: Boomers’ remorse: Here are the top 5 ‘big money’ purchases you’ll (probably) regret in retirement and how to offset them Tyson FoodsĪrkansas-based Tyson Foods (NYSE:TSN) is on the other end of the spectrum from Beyond Meat. Put simply, this is a risky bet for any investor willing to take a contrarian approach. Now, the stock trades at a price-to-sales (P/S) ratio of 2.3, which is in line with the S&P 500’s average P/S ratio of 2.42. For investors, on the other hand, it’s synonymous with “bubble stock.” For mainstream consumers, the Los Angeles-based brand is synonymous with plant-based meat alternatives. Beyond Meatīeyond Meat is an obvious choice. If you’re as optimistic as Gates and industry analysts are, here are the top three stocks you should add to your watch list. And it’s got some investors saying the sector may be based on a passing fad, while others expect the industry to grow 19.3% on average every year until 2030. The backlash against “woke capitalism” and the rising cost of food in general has evaporated the sales of fake meat in recent months. However, considering that fake meat brands have been swept up in the ongoing culture war, there’s no guarantee that Gates’s vision will become reality. Get in now for strong long-term tailwinds Rich young Americans have lost confidence in the stock market - and are betting on these assets instead. UBS says 61% of millionaire collectors allocate up to 30% of their overall portfolio to this exclusive asset class 'Hold onto your money': Jeff Bezos says you might want to rethink buying a 'new automobile, refrigerator, or whatever' - here are 3 better recession-proof buys Gates has backed several high-profile startups in this space, including Beyond Meat (NASDAQ:BYND), Impossible Foods and Upside Foods, which was previously known as Memphis Meats.īut for the “clean” alternatives to meat to appeal to more than just vegans, Gates added they need to be as affordable (and tasty) as the traditional products. “I think eventually these products will be very good even though their share is small today,” he said in a Reddit post recently.Īnd he’s put his money where his mouth is too. Billionaire philanthropist Bill Gates recently said he expects faux meat brands will win over consumers someday. While the debate over fake meat rages on and the industry declines, the most prominent investor in the space is still keeping the faith. Bill Gates says fake meat products will eventually be 'very good' - here are 3 alternative protein stocks to take advantage
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