Restaurant slowdown weighs on Tyson earnings

Andrew Cummings
May 9, 2017

Recent Insider Trading for Tyson Foods, Inc. In April Tyson said it would pay $4.2 billion for sandwich maker AdvancePierre Foods Holdings Inc., part of a longer-term expansion into more profitable businesses that executives see as less prone to market swings. The company earned $9.08 billion during the quarter, compared to analyst estimates of $9.07 billion. "Had it not been for the fires, our chicken segment return on sales would have been within its normalized range", the statement by Tyson Foods said. The average sales price decreased in the second quarter mostly due to declines in foodservice that were partially offset by increased input costs of approximately $20 million.

WARNING: This piece of content was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this report on another publication, it was illegally copied and republished in violation of USA and global trademark and copyright laws. Glob X Mgmt Co Ltd Limited Liability Company reported 8,089 shares stake.

Shares of RPC, Inc. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $68.00 price target on shares of Tyson Foods in a research report on Tuesday, February 7th.

Several equities research analysts have recently weighed in on the stock. Argus downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Thursday, March 16th. (NYSE:TSN) rating on Friday, October 9. Stock exchanged hands with the total volume of 2.64 Million shares, as contrast to its average volume of 2.34 Million shares. Tyson Foods has a 12-month low of $55.72 and a 12-month high of $77.05. The company has a market cap of $23.25 billion, a price-to-earnings ratio of 12.78 and a beta of 0.17. The company has a 50 day moving average price of $63.15 and a 200 day moving average price of $63.71.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th.

On 2/13/2017 announced a quarterly dividend of $0.23 1.38% with an ex dividend date of 5/30/2017 which will be payable on 6/1/2017. The latest reports which are outstanding on Sunday 7th of May state 3 analysts have a rating of "strong buy", 3 analysts "buy", 4 analysts "neutral", 0 analysts "sell" and 1 analysts "strong sell".

Let's have a look at some of the important valuation ratios of the Tyson Foods, Inc. The company's institutional ownership is monitored at 95.4 percent. Tyson Foods's revenue was down.9% on a year-over-year basis. Sales volume decreased in the second quarter primarily as a result of declines in foodservice, Tyson Foods said. Morgan Stanley boosted its position in shares of Tyson Foods by 242.7% in the third quarter. Developed J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. Hexavest Inc. acquired a new position in shares of Tyson Foods during the first quarter valued at $62,890,000. It closed at $62.97 lastly. Iridian Asset Management Lc Ct reported 3.84% in Tyson Foods, Inc. Hedge funds and other institutional investors own 69.64% of the company's stock. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. (NYSE:TSN). Ellington Grp Inc Ltd Company has 0.07% invested in Tyson Foods, Inc.

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