Published: Tue, November 14, 2017
Finance | By Loren Pratt

Tyson Foods Reports Record Annual EPS, Acquisition

Tyson Foods Reports Record Annual EPS, Acquisition

FMR LLC now owns 2,010,522 shares of the company's stock valued at $125,920,000 after purchasing an additional 1,223,351 shares during the period. Evercore Wealth Management LLC raised its stake in Tyson Foods by 22.2% in the second quarter. Insiders own 2.65% of the company's stock. The Wedge Capital Management L LP holds 653,975 shares with $40.96M value, down from 743,163 last quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company's stock valued at $1,564,398,000 after buying an additional 900,009 shares during the last quarter.

Claar Advisors Llc increased Copart Inc (NASDAQ:CPRT) stake by 19,711 shares to 33,282 valued at $1.06M in 2017Q2. 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.

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Shares of Tyson Foods (NYSE:TSN) opened at $75.59 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 0.79.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, November 20th.

In terms of earnings per share, 12 analysts have a 1.38 EPS mean target for the quarter ending Sep-17, for the quarter ending Mar-18, 10 analysts have a 1.29 EPS mean target and for the quarter ending Mar-18 there are 13 estimates of 5.25 EPS.

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. The firm's revenue for the quarter was up 10.8% compared to the same quarter previous year.

Tyson Foods Inc (NYSE:TSN) saw its shares ease in early trade on Monday after its fourth quarter results beat Wall Street's expectations. Zacks Investment Research cut shares of Tyson Foods from a buy rating to a hold rating in a report on Friday, October 28th. The average revenue per share growth rate of Tyson Foods, Inc. during the past 12 months was 4.1 percent. Credit Suisse Group started coverage on shares of Tyson Foods in a research report on Wednesday, July 19th. They set an "overweight" rating and a $82.00 price objective on the stock.

On news of the earnings, Tyson shares rose 2% to $75.59 in trading Monday. 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. RBC Capital Markets downgraded it to "Sector Perform" rating and $53.0 target in Tuesday, January 5 report. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Excluding one-time items, the company earned $1.43 cents per share, ahead of analysts' average estimate of $1.38, according to Thomson Reuters I/B/E/S. The stock is performing 66.55% year to date.

LEATHERBY DENNIS on 2017-08-14 Sell 145100 shares of the company at a price of $65.97.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.

The Springdale-based company also announced the purchase of Original Philly Holdings Inc., which Tyson said would strengthen its prepared foods business next year. The Firm offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.

"Our beef and pork segments delivered outstanding returns for the quarter and for the year, again generating significant cash to fuel investments in our chicken and prepared foods segments".

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