The stock of Tyson Foods, Inc. (NYSE:TSN) is a huge mover today! About 1.02M shares traded hands. Tyson Foods, Inc. (NYSE:TSN) has declined 0.39% since April 5, 2016 and is downtrending. It has underperformed by 2.34% the S&P500.
The move comes after 6 months positive chart setup for the $26.81 billion company. It was reported on Nov, 8 by Barchart.com. We have $92.55 PT which if reached, will make NYSE:TSN worth $8.31 billion more.
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 $398.45 million for 16.82 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), 4 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 57% are positive. Tyson Foods Inc. has been the topic of 21 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by CLSA with “Outperform” on Tuesday, August 2. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, November 24 report. The rating was initiated by Jefferies on Wednesday, December 16 with “Buy”. On Monday, June 6 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The stock of Tyson Foods, Inc. (NYSE:TSN) earned “Buy” rating by CLSA on Monday, October 10. JP Morgan downgraded the shares of TSN in a report on Monday, October 26 to “Neutral” rating. The stock has “Buy” rating given by Argus Research on Thursday, April 21. The rating was maintained by Jefferies with “Buy” on Wednesday, July 27. The company was downgraded on Friday, October 7 by Pivotal Research. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Tuesday, January 5 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.
Mondrian Inv Partners holds 0% of its portfolio in Tyson Foods, Inc. (NYSE:TSN) for 537 shares. The California-based Los Angeles Cap Mngmt & Equity Research has invested 0.06% in Tyson Foods, Inc. (NYSE:TSN). Commonwealth Bancorp Of owns 53,319 shares or 0.04% of their US portfolio. Moreover, Bnp Paribas Investment Prtnrs has 0.16% invested in Tyson Foods, Inc. (NYSE:TSN) for 275,392 shares. Moreover, Legal General Public Lc has 0.1% invested in Tyson Foods, Inc. (NYSE:TSN) for 1.41 million shares. Fiduciary Trust accumulated 27,081 shares or 0.06% of the stock. Pggm Investments owns 453,407 shares or 0.15% of their US portfolio. Tpg last reported 8.61% of its portfolio in the stock. Blackrock Fund Advisors, a California-based fund reported 5.00 million shares. Ifc Holdings Fl reported 4,245 shares or 0.03% of all its holdings. Diam Ltd has 0.09% invested in the company for 86,686 shares. Clarivest Asset Mgmt Lc accumulated 0.89% or 446,024 shares. The New Jersey-based Edgestream Prns Lp has invested 0.39% in Tyson Foods, Inc. (NYSE:TSN). Finemark State Bank last reported 485 shares in the company. Westover Advsrs Ltd Llc owns 35,110 shares or 1.92% of their US portfolio.
Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 10 insider sales for $59.66 million net activity. 40,000 Tyson Foods, Inc. (NYSE:TSN) shares with value of $2.99M were sold by LEATHERBY DENNIS. $5.55 million worth of Tyson Foods, Inc. (NYSE:TSN) shares were sold by White Noel W. Another trade for 38,006 shares valued at $2.86 million was sold by Smith Donald. $337,166 worth of shares were sold by Thurber Robert C. on Monday, June 20. Another trade for 146,641 shares valued at $11.11 million was sold by King Donnie. Calaway Curt sold $1.59 million worth of stock or 21,200 shares. TYSON JOHN H sold $20.97M worth of stock.
More important recent Tyson Foods, Inc. (NYSE:TSN) news were published by: Nytimes.com which released: “Tyson Foods, a Meat Leader, Invests in Protein Alternatives” on October 10, 2016, also Finance.Yahoo.com published article titled: “Lawsuit for Investors in Tyson Foods, Inc. (NYSE:TSN) shares announced by …”, Fool.com published: “Why Did Tyson Foods Just Invest in a Fake-Meat Maker?” on October 24, 2016. More interesting news about Tyson Foods, Inc. (NYSE:TSN) was released by: Prnewswire.com and their article: “Shareholder Class Action Filed Against Tyson Foods, Inc. – TSN” with publication date: October 21, 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.
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