Tyson Foods (TSN) was Downgraded by Credit Agricole to ” Outperform”. Earlier the firm had a rating of “Buy ” on the company shares. Credit Agricole advised their investors in a research report released on Apr 13, 2016.
Many Wall Street Analysts have commented on Tyson Foods. Tyson Foods was Downgraded by BB&T Capital Mkts to ” Hold” on Mar 4, 2016. Company shares were Reiterated by RBC Capital Mkts on Feb 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 60 from a previous price target of $53 .
On the company’s financial health, Tyson Foods reported $1.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Feb 5, 2016. Analyst had a consensus of $0.89. The company had revenue of $9152.00 million for the quarter, compared to analysts expectations of $9997.70 million. The company’s revenue was down -15.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.
Tyson Foods closed down -0.67 points or -0.98% at $67.44 with 22,44,083 shares getting traded on Monday. Post opening the session at $67.94, the shares hit an intraday low of $67.42 and an intraday high of $68.84 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Investors should note that on Feb 10, 2016, Tyson Foods announced a cash dividend of $0.1500. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 15, 2016.
In a different news, on Mar 28, 2016, Bebber David L Van (EVP & General Counsel) sold 75,467 shares at $67.01 per share price. According to the SEC, on Mar 1, 2016, Noel W White (President Poultry) sold 78,453 shares at $66.02 per share price. On Feb 19, 2016, Curt Calaway (SVP Controller & CAO) sold 13,200 shares at $62.47 per share price, according to the Form-4 filing with the securities and exchange commission.
Tyson Foods Inc. is a food production company. The Companys operations are conducted in five segments: Chicken Beef Pork Prepared Foods and International. Chicken includes domestic operations related of raising and processing live chickens into fresh frozen and value-added chicken products and sales of allied products. Beef includes operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. Pork includes operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Prepared Foods includes operations related to manufacturing and marketing frozen and refrigerated food products and logistics operations of products through the supply chain. International includes foreign operations related to raising and processing live chickens into fresh frozen and value-added chicken products in across countries.