Will Tyson Foods' (TSN) New President Help Drive Growth?

Tyson Foods Inc. (NYSE:TSN) has named Tom Hayes as its new president of Tyson Foods who has been serving the company as the chief commercial officer. Hayes will work with the current chief executive officer (CEO), Donnie Smith.

In his illustrious career, Hayes took up several roles that required responsibility and ability to face challenges. Hayes has also successfully managed Tyson Foods’ business in North American in addition to the foodservice prepared foods. Prior to his role as the chief commercial officer, Hayes worked as the president of the Food Service division. Before joining Tyson Foods, Hayes served as the chief supply chain officer at The Hillshire Brands Company, overlooking procurement, manufacturing, food safety and quality operations.

We expect Tyson Foods to thrive under the combined leadership of Smith and Hayes. Meanwhile, the stock is an intriguing investment choice for consumers right now. Tyson Foods carries a VGM score of A. Here “V” stands for Value, “G” for Growth and “M” for Momentum and the score is the weighted combination of these three metrics. Such a score allows you to eliminate the negative aspects of stocks and select the ones that are likely to outperform. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM score.

Tyson Foods fares well in the style score system too, with a Value score of A.

Further, the Zacks Rank #2 (Buy) company has delivered an average positive earnings surprise of 5.02% in the four trailing quarters. Estimates for fiscal 2016 and 2017 have been moving north over the last 60 days.

Other favorably ranked stocks in the consumer staples sector are The Estee Lauder Companies Inc. (NYSE:EL) , Reynolds American Inc. (NYSE:RAI) and McCormick & Company, Incorporated (NYSE:MKC) , all carrying the same Zacks Rank as Tyson Foods.