Tyson Foods profit tops estimates, shares rise 5 pct

Tyson Foods Plan $100 Million In Bonuses For ‘Frontline’ Workers

Tyson Foods has recorded strong first quarter results, as the brand almost tripled its net income and registered 11% growth in net sales following the strong performance of its prepared foods sector. (NYSE:TSN) advice adding it to buy candidate list. It is positive, as 42 investors sold TSN shares while 195 reduced holdings. North Carolina-based Wedge Cap Mgmt L LP Nc has invested 0.4% in Tyson Foods, Inc. The stock has risen 14 percent in the last 12 months. Ameritas Investment Partners holds 0.02% in Tyson Foods, Inc. Looking back over the last month, shares have performed -10.19%. Armistice Capital Llc sold 110,000 shares as the company's stock declined 10.27% while stock markets rallied. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in Tyson Foods by 130.5% in the third quarter. Point72 Asset Management L.P. now owns 1,655,653 shares of the company's stock worth $116,641,000 after acquiring an additional 480,404 shares during the last quarter. Horan Capital Advisors LLC. bought a new stake in shares of Tyson Foods in the third quarter valued at about $155,000. (NYSE:TSN). Indiana-based Everence Inc has invested 0.06% in Tyson Foods, Inc. (NYSE:TSN) on Monday, October 30 with "Buy" rating. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88. They expect $0.12 EPS, up 500.00% or $0.10 from last year's $0.02 per share.

Details on the impact of changes in the corporate tax rate recently approved by Congress were part of Tyson Foods' Thursday morning (Feb. 8) report on its fiscal first quarter (ending December 30, 2017) financials. The Ameriprise Financial Inc holds 1.61M shares with $246.00M value, up from 1.51M last quarter. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.93 billion. During the same period in the prior year, the firm earned $0.96 earnings per share.

The biggest institutional shareholders in Tyson Foods, Inc. include T. Rowe Price Associates, Inc. which owns 38 million shares in the company valued at $2.69 B million. Parametric Assocs Ltd Liability Corp invested in 0.1% or 1.28 million shares. This represents a $1.20 annualized dividend and a yield of 1.58%. First Interstate Bancorporation reported 0% of its portfolio in Tyson Foods, Inc. Boenning & Scattergood maintained Macerich Company (NYSE:MAC) rating on Wednesday, February 7. Tyson Foods's dividend payout ratio (DPR) is presently 25.05%. Hedge funds and other institutional investors own 71.09% of the company's stock. The average 1-year price target for (ILG) reveals an average price target of $32.8 per share. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. TSN's SI was 6.02M shares in February as released by FINRA. The disclosure for this sale can be found here. The stock decreased 2.94% or $1.77 during the last trading session, reaching $58.39.

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TSN has been the subject of several recent analyst reports.

At the moment 15 analysts are watching Tyson Foods, Inc. Tyson Foods, Inc. has a 12 month low of $57.20 and a 12 month high of $84.65. Finally, Morgan Stanley initiated coverage on Tyson Foods in a research note on Friday, November 3rd. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. ValuEngine upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a report on Monday, November 20th. upgraded shares of Tyson Foods from a "sell" rating to a "hold" rating and set a $75.00 price target on the stock in a report on Wednesday, November 15th. The stock has "Buy" rating by Janney Capital on Tuesday, September 15. Tyson Foods now has an average rating of "Buy" and an average price target of $75.67.

TRADEMARK VIOLATION WARNING: "Stephens Inc. (TSN)" was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & worldwide copyright and trademark laws. Also, insider Scott Rouse sold 1,000 shares of Tyson Foods stock in a transaction dated Thursday, November 16th. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. It operates through four divisions: Chicken, Beef, Pork, and Prepared Foods.

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