Tyson Foods posts record year thanks to fourth-quarter results

14 November, 2017, 19:25 | Author: Leticia Walters
  • Tyson Foods higher in early trade after market beating fourth quarter results

Company insiders own 2.65% of the company's stock. Vanguard Group Inc. boosted its position in shares of Tyson Foods by 3.7% during the second quarter. Fourth-quarter adjusted EPS was $1.43, up 49% from a year ago. Tyson Foods, Inc. has a fifty-two week low of C$55.72 and a fifty-two week high of C$74.30. BlackRock Inc. now owns 19,191,662 shares of the company's stock valued at $1,201,973,000 after buying an additional 136,071 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Tyson Foods by 6,356.6% in the 2nd quarter.

Over the past five trading sessions shares of Albemarle Corporation (NYSE:ALB) are 0.99%; 3.19% for the month; 28.15% for the last quarter; 27.59% for the past six-months; and 78.25% for the last 12 months. Evercore Wealth Management LLC raised its stake in Tyson Foods by 22.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 46,631 shares of the company's stock worth $2,920,000 after purchasing an additional 38,933 shares during the period. The Wedge Capital Management L LP holds 653,975 shares with $40.96M value, down from 743,163 last quarter.

The company said operating income in chicken and prepared foods dropped due to increased compensation, two plant fires and restructuring related to the acquisition of AdvancePierre Foods, which Tyson bought for $4.2 billion this past summer. Tyson Foods Inc. had 49 analyst reports since August 5, 2015 according to SRatingsIntel. "(TSN) Shares Sold by First Midwest Bank Trust Division" was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another website, it was stolen and reposted in violation of United States and global copyright & trademark law. Finally, Jefferies Group LLC reissued a "buy" rating and issued a $75.00 target price on shares of Tyson Foods in a report on Thursday, July 27th. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of 4.77% from last close price of 75.59 and act as support or resistance of price limit. It has been assigned a low target price of $100 and a high target price of $160. (TSN) traded up $0.32 during midday trading on Monday, reaching $74.14. The rating was maintained by RBC Capital Markets on Tuesday, November 24 with "Outperform". The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.63.

USA meat processor Tyson Foods Inc's quarterly earnings and revenue topped analysts' forecasts, as its chicken and beef businesses benefited from strong demand as well as lower costs to buy animal feed. During the same period in the prior year, the company earned $0.80 earnings per share. Comparatively, Tyson Foods, Inc. posted earnings of $1.25 per share in the same quarter previous year. Credit Suisse Group started coverage on shares of Tyson Foods in a research report on Wednesday, July 19th.

Several equities research analysts have recently issued reports on TSN shares. They noted that the move was a valuation call. Pivotal Research raised Tyson Foods from a "sell" rating to a "hold" rating and set a $75.00 price target on the stock in a report on Monday. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Tyson Foods now has an average rating of "Buy" and an average target price of $71.67.

The Springdale-based company also announced the purchase of Original Philly Holdings Inc., which Tyson said would strengthen its prepared foods business next year.

Tyson brands include Jimmy Dean, Hillshire Farm, Ball Park and its namesake.

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