CLSA Downgrades Tyson Foods to Outperform

Brokerage firm CLSA Downgrades its rating on Tyson Foods(NYSE:TSN). The shares have been rated Outperform. Previously, the analysts had a Buy rating on the shares. The rating by CLSA was issued on Apr 12, 2016.

In a different note, On Mar 4, 2016, BB&T Capital said it Downgrades its rating on Tyson Foods. The shares have been rated ‘Hold’ by the firm. On Feb 17, 2016, Stephens & Co. said it Upgrades its rating on Tyson Foods. The shares have been rated ‘Overweight’ by the firm.

Tyson Foods (TSN) made into the market gainers list on Fridays trading session with the shares advancing 1.04% or 0.67 points. Due to strong positive momentum, the stock ended at $65.33, which is also near the day’s high of $65.72. The stock began the session at $64.6 and the volume stood at 42,66,748 shares. The 52-week high of the shares is $68.84 and the 52 week low is $37.235. The company has a current market capitalization of $23,722 M and it has 36,31,04,350 shares in outstanding.

Tyson Foods has also declared a cash dividend of $0.1500 on Feb 10, 2016. The shares will quote ex-dividend on May 27, 2016 and the record date has been fixed on Jun 1, 2016. The dividend payable date has been fixed on Jun 15, 2016.

Tyson Foods(TSN) last announced its earnings results on Feb 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $9.15B. Analysts had an estimated revenue of $10.10B. Earnings per share were $1.15. Analysts had estimated an EPS of $0.88.

Several Insider Transactions has been reported to the SEC. On Mar 28, 2016, Bebber David L Van (EVP & General Counsel) sold 75,467 shares at $67.01 per share price.Also, 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 Company’s 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.

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