Tyson Foods to remove high fructose corn syrup, other additives by 2025

SPRINGDALE, Ark. - Tyson Foods (NYSE:TSN), a $19.6 billion market cap food products giant with annual revenues exceeding $54 billion, announced Monday it will stop using high fructose corn syrup, sucralose, BHA/BHT and titanium dioxide in its U.S. branded products by the end of 2025. According to InvestingPro analysis, the company currently trades near its 52-week low, suggesting potential value opportunity for investors interested in consumer staples.

The initiative affects the company’s portfolio of brands including Tyson, Jimmy Dean, Hillshire Farm, Wright, State Fair, Aidells and ibp. This follows the company’s earlier move this year to remove petroleum-based synthetic dyes from its domestic branded products. As a prominent player in the Food Products industry, Tyson has maintained dividend payments for 51 consecutive years, demonstrating long-term financial stability.

"We continuously review and assess our product portfolio to ensure the highest quality products that meet the needs of consumers," said Donnie King, President and CEO of Tyson Foods, in a press release statement.

The company emphasized that the ingredients being removed are FDA approved and safe to use, but the decision aligns with its ongoing commitment to reducing sodium, sugars and other food additives in its products.

Tyson Foods, founded in 1935, is a major protein producer with approximately 138,000 team members as of September 2024. The company describes the ingredient removal as a voluntary initiative that supports its core values of "feeding families and the nation with trusted food products."

The announcement represents another step in the company’s stated mission to provide food "safely, sustainably and affordably now and for future generations," according to the press release.

In other recent news, Tyson Foods has announced a quarterly dividend of $0.50 per share for Class A common stock and $0.45 per share for Class B common stock, payable on December 15, 2025. Additionally, Tyson has expanded its share repurchase program, authorizing an additional 43 million shares, bringing the total to approximately 50 million shares. In leadership news, Tyson Foods appointed Sarah Bond, President of Xbox at Microsoft, as an independent director on its board. In analyst updates, JPMorgan has assumed coverage of Tyson Foods with a Neutral rating and a $60.00 price target, noting challenges in applying a mid-cycle multiple to potential future earnings. Bernstein SocGen Group has lowered its price target on Tyson Foods to $58.00, citing challenges in the cattle cycle and beef profitability, despite Tyson’s better-than-expected chicken segment profits. In the broader market, Piper Sandler highlighted strong performance in the non-alcoholic beverage sector, expressing optimism for companies like Coca-Cola and Monster Beverage. However, the report suggests that PepsiCo and Utz Brands may require more patience for improvement. These developments provide investors with a comprehensive view of recent activities and analyst perspectives on Tyson Foods and related sectors.

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