For the second time in as many months Tyson Foods Inc. was ranked among the most outstanding companies in the nation. Forbes selects “America’s 100 Most Trustworthy Companies” each year. Tyson Foods made its debut on the 2014 list, ranking sixth among large-cap companies. In February, the company was among “America’s Most Admired Companies,” as selected by Fortune.
“Recognition of this sort is always appreciated,” said Sara Lilygren, executive vice president of corporate affairs for Tyson Foods. “It reflects well on the thousands of Tyson Foods team members who make up our company.
“Food is a trust business. Consumers put their trust in us that what they feed their family will be safe to eat,” Lilygren said. “From the farm to the production floor and beyond that into every aspect of marketing, R&D and our corporate offices, the expectation is the same. We always strive to do what’s right.”
Forbes’ selections for the most trustworthy companies are made by GMI Ratings, which evaluated a set of credibility factors for 8,000 publicly-traded companies in North America. The large-cap category included companies with more than $5 billion in market capitalization, according to the release.
A third business publication recognized Tyson Foods’ leadership in its December/January edition. Tyson Foods President and CEO Donnie Smith and Chief Financial Officer Dennis Leatherby were named to Institutional Investor’s “2014 All-American Executive Team” within the food category.
In addition to the accolades from the business press, Tyson Foods’ stock price has more than doubled over the past two years and continues to trade near its all-time high of $43.45. Tyson shares (NYSE:TSN) ended the first quarter of 2014 at $43.15, climbing 30% since the first day of trading in 2014.