Tyson Foods higher in early trade after market beating fourth quarter results

Andrew Cummings
November 15, 2017

(NYSE:TSN) by 5.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 32,135 shares of the company's stock after selling 34,562 shares during the period. Jefferies maintained the shares of TSN in report on Friday, June 9 with "Buy" rating. Vanguard Group Inc is the second biggest holder with 25 million shares now valued at 1.56 B million whilst State Street Corp has 14 million shares valued at 862.95 million.

For the fourth quarter, the company earned an adjusted $1.43 cents per share on revenue of $10.15 billion, up 10.8% from a year ago. Zacks Investment Research cut shares of Tyson Foods from a buy rating to a hold rating in a report on Friday, October 28th. Over the past five trading sessions it is 4.72%; 7.66% for the month; 14.6% for the last quarter; 30.67% for the past six-months; and 13.6% for the last 12 months. Ameriprise Financial Inc. now owns 7,843,052 shares of the company's stock valued at $491,179,000 after buying an additional 423,836 shares during the last quarter.

Parametric Portfolio Associates Llc decreased Flotek Inds Inc Del Com (NYSE:FTK) stake by 92,819 shares to 50,137 valued at $448,000 in 2017Q2. Meeder Asset Management Inc. now owns 14,398 shares of the company's stock worth $902,000 after purchasing an additional 8,585 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Tyson Foods by 0.3% during the second quarter. Captrust Financial Advsr has 0% invested in Tyson Foods, Inc.

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Shares of Tyson, the maker of Ball Park hot dogs, rose almost 4 percent to $77 in premarket trading on Monday. Dana Investment invested in 47,172 shares or 0.14% of the stock. The last close places the company's stock about $0.24 off its 52 week high of $75.83 and $19.87 above the 52 week low of $55.72. (NYSE:TSN) has "Overweight" rating given on Monday, October 2 by Barclays Capital. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company's stock valued at $340,488,000 after purchasing an additional 1,893,438 shares during the period. The firm has a market capitalization of $26,636.80, a PE ratio of 15.32 and a beta of 0.30. Current price level places the company's stock about -1.12% from the 52-week high and 87.85% away from the 52-week low.

US 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.

The company's Average Earnings Estimate for the Current Fiscal quarter is $1.38, according to consensus of 12 analysts. The business had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.93 billion.

Previously on 11/03/2017, Morgan Stanley reported about Tyson Foods Inc.

In addition to Pivotal Research reporting its target price, a total of 11 firms have issued a report on the stock. Fundamental Research set a C$1.82 price objective on Tyson Foods and gave the company a "buy" rating in a research report on Thursday, August 17th. The rating was downgraded by Zacks to "Hold" on Thursday, August 6. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. KeyCorp started coverage on Tyson Foods in a research report on Tuesday, October 31st.

Among 18 analysts covering Transdigm Group Incorporated (NYSE:TDG), 10 have Buy rating, 1 Sell and 7 Hold. Tyson Foods now has an average rating of "Buy" and an average target price of $71.67. BMO Capital Markets maintained Tyson Foods, Inc.

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