Published: Tue, November 14, 2017
Money | By Armando Alvarado

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

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

Previously on 11/03/2017, Morgan Stanley reported about Tyson Foods (NYSE:TSN) upped the target price from $0.00 to $76.00 that suggested an upside of 0.04%. (NYSE:TSN), 7 have Buy rating, 0 Sell and 7 Hold.

Large investors have recently added to or reduced their stakes in the company. Financial Architects Inc now owns 1,838 shares of the company's stock valued at $122,000 after buying an additional 1,685 shares during the period.

Now insiders hold 8,613,205 shares in the business which makes up 2.40% of shares. Financial Architects Inc raised its stake in Tyson Foods by 1,101.3% in the second quarter. Everence Capital Mngmt has invested 0.05% in Tyson Foods, Inc. Profit rose less than 1 percent to $395 million, or $1.07 a share, up from $392 million, or $1.03 a share, a year ago. FMR LLC lifted its stake in shares of Tyson Foods by 155.4% in the 2nd quarter.

The company's Average Earnings Estimate for the Current Fiscal quarter is $1.38, according to consensus of 12 analysts. "(TSN) Scheduled to Post Quarterly Earnings on Monday" was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of worldwide copyright & trademark legislation. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/13/tyson-foods-inc-tsn-position-lessened-by-teacher-retirement-system-of-texas.html.

Tyson Foods has price-earnings ratio of 15.42 with a one year low of $55.72 and a one year high of $73.14 and has a market capitalization of $0.

About 1.05 million shares traded.

In an overview of the current analyst recommendations, Buy count is 9 and Overweight is 1 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively. The stock has a market cap of $26.73 billion, a PE ratio of 17.01 and a beta of 0.18.

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"Fiscal 2018 is off to a great start, and we're now expecting adjusted earnings growth of 7-10 percent to $5.70-5.85 per share", Tyson Foods CEO Tom Hayes said in a news release. This is an increase over its earnings per share of 96 cents from the same time a year ago. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.93 billion.

Over the past five trading sessions shares of Albemarle Corporation (NYSE:ALB) are 0.99%; 3.19% for the month; 28.15% for the last quarter; 27.59% for the past six-months; and 78.25% for the last 12 months. Tyson Foods Inc. had 49 analyst reports since August 5, 2015 according to SRatingsIntel.

Total shares held by institutions as of the most recent company filings are 258,974,436 with a reported 22,671,429 bought and 1,743,965,126 sold. BidaskClub downgraded Tyson Foods from a "buy" rating to a "hold" rating in a report on Saturday, August 26th. Evercore Wealth Management LLC now owns 1,775 shares of the company's stock valued at $119,000 after buying an additional 323 shares during the period.

Tyson Foods (NYSE:TSN) opened at 69.97 on Monday. Zacks Investment Research lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Wednesday, August 2nd. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold".

TSN stock was up slightly as of Monday morning and is up 21% year-to-date. The last stock price is up 14.48% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same period. Hedge funds and other institutional investors own 70.69% of the company's stock.

Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods.

Tyson brands include Jimmy Dean, Hillshire Farm, Ball Park and its namesake.

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