Noteworthy Price Action: Tyson Foods, Inc.’s Trend Down, Especially After Today’s Weak Session

Noteworthy Price Action: Tyson Foods, Inc.'s Trend Down, Especially After Today's Weak Session

The stock of Tyson Foods, Inc. (NYSE:TSN) is a huge mover today! About 3.38M shares traded hands or 33.60% up from the average. Tyson Foods, Inc. (NYSE:TSN) has risen 14.50% since March 4, 2016 and is uptrending. It has outperformed by 6.46% the S&P500.
The move comes after 6 months negative chart setup for the $25.28B company. It was reported on Oct, 7 by Barchart.com. We have $63.46 PT which if reached, will make NYSE:TSN worth $1.77B less.

Analysts await Tyson Foods, Inc. (NYSE:TSN) to report earnings on November, 28. They expect $1.05 earnings per share, up 26.51% or $0.22 from last year’s $0.83 per share. TSN’s profit will be $389.04M for 16.25 P/E if the $1.05 EPS becomes a reality. After $1.21 actual earnings per share reported by Tyson Foods, Inc. for the previous quarter, Wall Street now forecasts -13.22% negative EPS growth.

Tyson Foods, Inc. (NYSE:TSN) Ratings Coverage

Out of 7 analysts covering Tyson Foods Inc. (NYSE:TSN), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. Tyson Foods Inc. has been the topic of 19 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, February 8 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, November 24. RBC Capital Markets maintained Tyson Foods, Inc. (NYSE:TSN) rating on Tuesday, May 10. RBC Capital Markets has “Sector Perform” rating and $68 price target. BMO Capital Markets downgraded the stock to “Market Perform” rating in Monday, June 6 report. The rating was initiated by Jefferies with “Buy” on Wednesday, December 16. The firm earned “Hold” rating on Thursday, August 6 by Zacks. The rating was maintained by Jefferies on Wednesday, July 27 with “Buy”. The rating was downgraded by JP Morgan on Monday, October 26 to “Neutral”. The stock of Tyson Foods, Inc. (NYSE:TSN) has “Outperform” rating given on Tuesday, August 2 by CLSA. Argus Research initiated the stock with “Buy” rating in Thursday, April 21 report.

According to Zacks Investment Research, “Tyson Foods, Inc. is the world’s largest fully-integrated producer, processor and marketer of chicken and poultry-based food products. Tyson is a comprehensive supplier of value-added chicken products through food service, retail grocery stores, club stores and international distribution channels. Although its core business is chicken, in the United States Tyson is also the second largest maker of corn and flour tortillas under the Mexican Original brand and through its subsidiary Cobb Vantress, the top chicken breeding stock supplier.”

Insitutional Activity: The institutional sentiment increased to 1.01 in 2016 Q2. Its up 0.16, from 0.85 in 2016Q1. The ratio increased, as 55 funds sold all Tyson Foods, Inc. shares owned while 218 reduced positions. 63 funds bought stakes while 212 increased positions. They now own 265.50 million shares or 2.14% less from 271.31 million shares in 2016Q1.
Twin Tree Mgmt L P holds 12,784 shares or 0.01% of its portfolio. Bridgewater Assoc L P holds 0.03% or 33,648 shares in its portfolio. Van Eck Assocs holds 0.27% of its portfolio in Tyson Foods, Inc. (NYSE:TSN) for 788,980 shares. State Board Of Administration Of Florida Retirement Sys has 0.1% invested in the company for 461,180 shares. Foster And Motley holds 19,947 shares or 0.26% of its portfolio. Meiji Yasuda Asset last reported 13,128 shares in the company. Next Financial Grp accumulated 352 shares or 0.01% of the stock. Ls Investment Advisors Limited Com, a Michigan-based fund reported 12,745 shares. Advisor Limited reported 3,355 shares or 0.08% of all its holdings. California State Teachers Retirement Sys accumulated 626,622 shares or 0.09% of the stock. Intact Invest Mgmt holds 16,400 shares or 0.04% of its portfolio. Blackrock Gru last reported 0.1% of its portfolio in the stock. Wells Fargo & Company Mn holds 0.04% of its portfolio in Tyson Foods, Inc. (NYSE:TSN) for 1.62 million shares. Azimuth Management Lc last reported 0.02% of its portfolio in the stock. Moreover, Capstone Asset has 0.07% invested in Tyson Foods, Inc. (NYSE:TSN) for 36,688 shares.

Insider Transactions: Since May 4, 2016, the stock had 0 insider buys, and 11 sales for $64.91 million net activity. On Wednesday, May 4 the insider VAN BEBBER DAVID L sold $5.25M. Shares for $4.62M were sold by Smith Donald on Wednesday, August 17. Shares for $5.55 million were sold by White Noel W on Monday, June 20. 53,333 shares with value of $3.99M were sold by LEATHERBY DENNIS on Monday, June 20. Thurber Robert C. sold $337,166 worth of stock or 4,500 shares. On Wednesday, June 15 TYSON JOHN H sold $20.97 million worth of the stock or 282,478 shares. 21,200 shares were sold by Calaway Curt, worth $1.59M on Monday, June 20.

More recent Tyson Foods, Inc. (NYSE:TSN) news were published by: Insurancejournal.com which released: “Arkansas-Based Tyson Foods to Pay $1.6M to Settle Hiring Charges” on October 06, 2016. Also Marketwatch.com published the news titled: “Tyson Foods to invest $27 million to expand production at Iowa beef and pork plant” on September 29, 2016. 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: AMD, Cliffs, Gap, KLA-Tencor, Regions …” with publication date: October 07, 2016 was also an interesting one.

TSN Company Profile

Tyson Foods, Inc., incorporated on January 31, 1986, is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Firm offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Firm operates through four divisions: Chicken, Beef, Pork and Prepared Foods. It operates a vertically integrated chicken production process, which consists of breeding stock, contract growers, feed production, processing, further-processing, marketing and transportation of chicken and related allied products, including animal and pet food ingredients. Through its subsidiary, Cobb-Vantress, Inc. (Cobb), the Company is engaged in supplying poultry breeding stock across the world. It produces a range of fresh, frozen and refrigerated food products.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment