The stock of Tyson Foods, Inc. (NYSE:TSN) is a huge mover today! About 3.58M shares traded hands or 15.11% up from the average. Tyson Foods, Inc. (NYSE:TSN) has risen 3.14% since March 7, 2016 and is uptrending. It has underperformed by 4.46% the S&P500.
The move comes after 8 months positive chart setup for the $23.46B company. It was reported on Oct, 10 by Barchart.com. We have $95.34 PT which if reached, will make NYSE:TSN worth $8.45 billion more.
Analysts await Tyson Foods, Inc. (NYSE:TSN) to report earnings on November, 28. They expect $1.05 EPS, up 26.51% or $0.22 from last year’s $0.83 per share. TSN’s profit will be $351.40M for 16.69 P/E if the $1.05 EPS becomes a reality. After $1.21 actual EPS 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 firm earned “Hold” rating on Thursday, August 6 by Zacks. The firm has “Outperform” rating given on Tuesday, November 24 by RBC Capital Markets. The firm earned “Sector Perform” rating on Tuesday, January 5 by RBC Capital Markets. On Tuesday, May 10 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. BMO Capital Markets downgraded the stock to “Market Perform” rating in Monday, June 6 report. The firm has “Buy” rating given on Wednesday, December 16 by Jefferies. The stock has “Buy” rating given by Jefferies on Wednesday, July 27. The rating was maintained by RBC Capital Markets on Friday, October 9 with “Outperform”. Argus Research initiated it with “Buy” rating and $80 target price in Thursday, April 21 report. The rating was downgraded by JP Morgan to “Neutral” on Monday, October 26.
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.
Rdl holds 1.71% or 34,696 shares in its portfolio. Blackrock Mgmt Llc accumulated 712,415 shares or 0.06% of the stock. Raymond James And, a Florida-based fund reported 92,986 shares. Gerstein Fisher accumulated 0.03% or 3,996 shares. Mackenzie Fincl, a Ontario – Canada-based fund reported 11,059 shares. Amp Ltd has 385,307 shares for 0.16% of their US portfolio. Citadel Advsr Llc holds 0% or 3,500 shares in its portfolio. Bluecrest Capital Mngmt holds 25,148 shares or 0.07% of its portfolio. The Belgium-based Kbc Grp Nv has invested 0.26% in Tyson Foods, Inc. (NYSE:TSN). North Star Mngmt holds 690 shares or 0.01% of its portfolio. Moreover, C M Bidwell And has 0.9% invested in Tyson Foods, Inc. (NYSE:TSN) for 54,625 shares. Voloridge Investment Mngmt Lc holds 0.74% of its portfolio in Tyson Foods, Inc. (NYSE:TSN) for 387,875 shares. Affinity Ltd Liability Corp last reported 194,025 shares in the company. The Wisconsin-based Johnson Group has invested 0.34% in Tyson Foods, Inc. (NYSE:TSN). Signature Est & Investment Advsr Ltd Limited Liability Company has invested 0.03% of its portfolio in Tyson Foods, Inc. (NYSE:TSN).
Insider Transactions: Since May 4, 2016, the stock had 0 insider purchases, and 11 selling transactions for $64.91 million net activity. $5.65 million worth of Tyson Foods, Inc. (NYSE:TSN) was sold by White Noel W. Thurber Robert C. sold 4,500 shares worth $337,166. King Donnie sold $11.11M worth of Tyson Foods, Inc. (NYSE:TSN) on Monday, June 20. $5.25 million worth of shares were sold by VAN BEBBER DAVID L on Wednesday, May 4. The insider Calaway Curt sold 21,200 shares worth $1.59M. 40,000 shares with value of $2.99 million were sold by LEATHERBY DENNIS on Tuesday, August 16. $2.86 million worth of shares were sold by Smith Donald on Monday, June 20.
More notable recent Tyson Foods, Inc. (NYSE:TSN) news were published by: Fool.com which released: “Why Tyson Foods, Inc. Stock Plunged Today” on October 07, 2016, also Seekingalpha.com with their article: “Why We Sold Tyson Foods In September” published on October 09, 2016, Businesswire.com published: “INVESTOR ALERT: Goldberg Law PC Announces an Investigation of Tyson Foods, Inc …” on October 07, 2016. More interesting news about Tyson Foods, Inc. (NYSE:TSN) were released by: Forbes.com and their article: “Tyson Foods Enters Oversold Territory (TSN)” published on October 07, 2016 as well as Foxbusiness.com‘s news article titled: “Tyson Foods to pay $1.6 million to settle hiring charges” with publication date: October 04, 2016.
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.