Mon, Jul. 11, 2:12 PM
- A bill requiring food companies to label GMO ingredients was approved by the U.S. Senate by a 63 to 30 vote and now heads to the House of Representatives.
- The negotiated bill requires food companies to label genetically modified food by a phrase, symbol on the package, or a bar code that can be scanned by smartphones.
- The Department of agriculture still has two years to write the precise labeling rules if the House approves the bill.
- The passage of the bill is seen as a positive for the food sector as the alternative of having to adhere to state-by-state rules could create operational chaos for national sellers.
- Food stocks: SENEA, SENEB, THS, OTCPK:NCRA, CPB, MDLZ, GIS, OTCPK:NSRGY, FLO, CAG, DF, SJM,DF, ANFI, JJSF, WWAV, UL, OTCQX:DANOY, OTCPK:PLATF, POST, K, PEP, DMND, PF, HAIN, KO, BETR, KHC, WILC, PPC, PF, LWAY, HRL, TSN, DTEA, SAFM, BRID.
Mon, Jun. 6, 10:04 AM
- BMO Capital takes a dimmer view on the upside for meat producers after factoring in the strong rally in the sector which has pushed up valuation levels.
- Tyson Foods (TSN -3.4%) and Pilgrim's Pride (PPC -3%) are both moved by BMO to Market Perform from Outperform.
- BMO set a price target of $69 on TSN and PPC caught a $27 PT.
- It's a weak day across the sector with Sanderson Farms (SAFM -1.9%), Hormel (HRL -0.7%) and JBS (OTCQX:JBSAY -2.3%) ADRs all lower.
- Related sector news: Plant-based hamburger startup creates some interesting sizzle (June 4)
Sat, Jun. 4, 1:19 PM
- Impossible Foods aims to disrupt the food industry by developing meat products from plant-based ingredients. Launched by a top biochemist from Stanford, the startup says it's on the verge of offering meat lovers an alternative that looks, smells, and even sizzles (video) like regular ground beef.
- Science timeout: Impossible honed in on a molecule called heme that catalyzes the flavors in meat. A legume-derived heme-containing protein is put to the task of creating the meat taste that even top chefs have raved about.
- The first Impossible Burgers are expected to be launched this year in the U.S.
- Notable names are taking in an interest in the concept. During the last venture capital round, Impossible brought in fresh funds from Bill Gates and Hong Kong tycoon Li Ka-shing. Former Nest/Google exec Tony Fadell is also an angel investor. Impossible Foods CEO Patrick Brown confirmed at Recode's Code conference that the company turned down an offer from Google (pre-Alphabet split) for somewhere between $200M and $300M.
- If the startup were to ramp up at scale, the development might be something to watch for meat giants such as Cargill, Tyson Foods (NYSE:TSN), JBS (OTC:JBSAF), and National Beef Packaging Company (NYSE:LUK). Kraft Heinz (NASDAQ:KHC) and Kellogg (NYSE:K) are already active in the frozen veggie burger category, while Whole Foods Market (NASDAQ:WFM) has been dabbling with indie brands. There's also an interesting tie-in with McDonald's (NYSE:MCD) looking to appeal to millennials and Chipotle (NYSE:CMG) working on developing a "better burger" concept.
Wed, May 25, 11:44 AM
Wed, May 11, 11:22 AM
- Tyson Foods (TSN -0.8%) emerged victorious from a legal battle over the use of the phrase "Park's Finest" to describe a line of hot dogs made by the Hillshire Brands unit.
- The judge in the case tossed out the lawsuit filed by Parks LLC after determining that consumers weren't being deceived with Tyson's advertising.
Mon, May 9, 4:45 PM
Mon, May 9, 12:33 PM
- Tyson Foods (TSN +1.7%) plans to sell meal kits on Amazon Fresh later this fall, according to execs on today's earnings call.
- The company tipped off an expansion of its relationship with Amazon Fresh earlier this year.
- Tyson earnings call webcast
- Previously: Tyson Foods beats by $0.11, beats on revenue (May 9)
- Previously: Tyson Foods at all-time high after earnings dazzle (May 9)
Mon, May 9, 9:00 AM
- Tyson Foods (NYSE:TSN) is setting new all-time highs in early trading after the company boosted its profit outlook.
- The company expects full-year EPS of $4.20 to $4.30 vs. $3.85 to $3.95 prior and $4.06 consensus.
- Strong demand for meat products and low costs for animal feed continues to help Tyson's bottom line.
- TSN +4.09% premarket to $69.99 to top the $68.84 high set earlier in the month.
- Previously: Tyson Foods beats by $0.11, beats on revenue (May 9)
Mon, May 9, 7:32 AM
Sun, May 8, 5:30 PM
Sun, Apr. 24, 6:27 PM
- via Credit Suisse, the 15 hottest large cap "rising stars," followed by the number of large cap funds that own them, and the change vs. prior quarter.
- SYF - Synchrony Financial, 74 | 47
- MSFT - Microsoft, 350 | 36
- GOOGL - Alphabet 324 | 39
- MCD - McDonald's, 104 | 24
- DAL - Delta Air Lines, 114 | 19
- GPN - Global Payments, 34 | 19
- TSN - Tyson Foods, 61 | 18
- CVX - Chrvron, 180 | 17
- DFS - Discover, 90 | 16
- RTN - Raytheon, 85 | 16
- WFC - Wells Fargo, 250 | 16
- GIS - General Mills, 63 | 15
- JPM - JPMorgan Chase, 276 | 15
- URI - United Rentals, 36 | 15
- CBS - CBS Corp., 65 | 14
- CMCSA - Comcast, 223 | 14
- "We are wary of owning too many Rising Stars, as the potential for differentiation has diminished,"
Thu, Mar. 10, 9:54 AM
- RBC Capital lifts its price targets on two consumer staples heavyweights.
- Coca-Cola (KO +0.6%) is assigned a fresh of $51. KO is +4.5% YTD to $44.90. Shares yield 3.11%.
- Reynolds American (RAI +1.4%) earns a PT of $57. RAI is +12.8% YTD to $52.14. Shares yield 3.22%.
- There's been some debate that the run of consumer staples stocks is poised to end, but SA contributor Daryl Montgomery argues the sector is still a safe play on a technical view.
- Earlier this week, Evercore ISI's Rick Ross also came in positive on the sector (CNBC video).
- "You probably can't do much better than owning the staples on this breakout from a multiyear trading range ... against the backdrop of a world where yields are extremely low,"said Ross
- Related stocks: PM, PG, PEP, CL, ADM, KMB, STZ, DPS, SJM, HRL, CHD, TSN, HSY, CPB, [[BF.]], BF.B.
- Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC.
Fri, Mar. 4, 10:59 AM
- Tyson Foods (TSN -1.9%) trades lower after BB&T drops its rating to Hold from Buy.
- BB&T is a fan of management at Tyson and the company's strong balance sheet, but sees limited upside at the current share price level.
- Shares of Tyson have jetted 56% higher over the last year. BB&T was on the right side of the Tyson trade for most of the run.
Sat, Feb. 27, 10:36 AM
- Investors continue to take refuge in consumer staples stocks in a strategy that tips off defensive positioning and accounts for some positive macroeconomic factors that are underpinning volume growth in the sector.
- Consumer staples stocks trading right at their 52-week high include Campbell Soup (NYSE:CPB), Kimberly-Clark (NYSE:KMB), General Mills (NYSE:GIS), Reynolds American (NYSE:RAI), Altria (NYSE:MO), Philip Morris (NYSE:PM), Church & Dwight (NYSE:CHD), Coca-Cola (NYSE:KO), Tyson Foods (NYSE:TSN), Sanderson Farms (NASDAQ:SAFM), B&G Foods (NYSE:BGS), and Cott Corporation (NYSE:COT).
- Even Procter & Gamble (NYSE:PG) and Wal-Mart (NYSE:WMT), which acted as drags on consumer staples ETFs last year with their heavy weightings, are outperforming the S&P 500 Index this year.
- Some analysts think political year uncertainty and global ZIRP and NIRP question marks could keep demand for staples strong.
- Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC
- Analysis: Consumer Staples ETFs Are Looking More Attractive Than Ever (Feb. 16)
- Prediction time: Which consumer staples stock has the most upside in 2016?
Thu, Feb. 25, 1:25 PM
- Sanderson Farms (SAFM +3.6%), Tyson Food (TSN +1.8%), and Pilgrim's Pride (PPC +3.8%) are all higher after Sanderson reported earnings ahead of estimates.
- Sanderson's report showed that poultry margins are on the rise as stable pricing and lower feed costs factor in. The sector is also starting to lap quarters impacted by the avian flu and export restrictions.
- Side note: All three meat stocks have outperformed the four FANG stock YTD.
- Previously: Sanderson Farms beats by $0.02, beats on revenue (Feb. 25)
Wed, Feb. 10, 4:37 PM
Tyson Foods, Inc. is a meat protein and food production company. It operates through four segments: Chicken, Beef, Pork and Prepared Foods. The Chicken segment involves in domestic operations related to raising and processing live chickens into fresh, frozen, and value-added chicken products, as... More
Sector: Consumer Goods
Industry: Meat Products
Country: United States
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