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TSN

Tyson Foods Inc.

5/19/2013, 10:51 PM ET

Quote & Headlines Market Currents StockTalk

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| Dividends
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Thursday, May 9, 9:41 AM Syntroleum (SYNM +6.5%) rises at the open, adding to yesterday's huge gains. The company says on its call that "market conditions favor restarting the idle Geismar plant." SYNM pegs mid to late July for the resumption of operations at the renewable fuels facility. (transcript) Comment! [Energy, On the Move]
Tuesday, May 7, 9:02 AM Miller Tabak upgrades Tyson Foods (TSN) to a Buy rating and slaps a $29 price target on the food seller. The investment firm thinks shares of Tyson got a little too punished by investors yesterday after the company's Q1 report indicated consumers were switching from higher-margin beef products to chicken. Comment! [Consumer]
Tuesday, May 7, 6:20 AM Tyson Foods (TSN) declares quarterly dividend of $0.05/share on Class A common shares, in line with previous. Forward yield 0.83%. For shareholders of record Aug. 30. Payable Sep. 13. Ex-div date Aug. 28. (PR) Comment! [Dividends]
Monday, May 6, 10:14 AM Where's the beef? Shares of Tyson Foods (TSN -5.3%) stumble and take a few peers down with it after the company misses profit estimates. Consumers opted for lower-margin chicken products in Q1 and there's some concern the trend will continue as beef prices hit a consumer breaking point. Sector watch: Hormel (HRL) -1.6%, Smithfield Foods (SFD) -1.2%, Hillshire Brands (HSH) -0.9%. Comment! [Consumer, On the Move]
Monday, May 6, 7:43 AM More on Tyson Foods' (TSN) Q2: The company increased prices by 3.9% during the quarter but saw sales volume down for beef and pork while chicken was flat. Margins were hurt by higher input costs and the preference of consumers for lower-margin meats. Tyson sees sales of $34.5B for the full fiscal year, led again by price increases (PR) Comment! [Earnings, Consumer]
Monday, May 6, 7:31 AM Tyson Foods (TSN): Q1 EPS of $0.36 misses by $0.09. Revenue of $8.41B misses by $0.17B. (PR) Comment! [Earnings, Breaking News, Consumer]
Monday, May 6, 12:05 AM Notable earnings before Monday’s open: APO, BPI, CRNT, EXXI, PETS, SYY, TESO, TSN, WLK, ZINC Comment! [Earnings]
Sunday, May 5, 5:30 PM Notable earnings before Monday’s open: APO, BPI, CRNT, EXXI, PETS, SYY, TESO, TSN, WLK, ZINC Comment! [Earnings]
Tuesday, April 16, 7:29 AM China's poultry sector has already recorded losses of 10B yuan ($1.6B) in the two weeks since an avian flu struck the region, according to government estimates. Poultry consumption in eastern China is down 50% with consumer exercising caution. So far, sales for imported chicken haven't increased from U.S. producers such as Tyson Foods (TSN), Pilgrim's Pride (PPC), and Smithfield Foods (SFD) - but analysts see the U.S. companies filling a supply void in the near future if the epidemic abates. Comment! [Consumer, Global & FX]
Tuesday, April 9, 8:58 AM McDonald's (MCD) reduces its prices on chicken nuggets in China in reaction to demand worries tied to the H7N9 bird virus, according to information culled from Weibo. Analysts warn that both McDonald's and Yum Brands (YUM) could see a short-term demand slump as the headlines out of China become more alarming. What to watch: If the local chicken market suffers large supply disruptions, General Mills (GIS) subsidiary Wan Chai Ferry and Tyson Foods (TSN) could pick up the slack. Comment! [Consumer, Global & FX]
Monday, April 8, 12:31 PM Meat stocks stumble a bit with a new report tying consumption of red meat to heart disease getting some discussion. Decliners: Smithfield Foods (SFD) -2.8%, Tyson Foods (TSN) -2.2%, Hormel Foods HRL -0.5%, Sanderson Farms (SAFM) -0.8%. 2 Comments [Consumer, On the Move]
Friday, April 5, 2:24 PM Tyson Foods (TSN -2.9%) will pay $4M to settle an EPA lawsuit stemming from multiple accidental releases of anhydrous ammonia from its sites which reputedly caused several injuries and one death from 2006-2010. The company has taken issue with the claims but did say "some refrigeration-improvement projects fell behind schedule … at several locations" over the period in question. Comment! [Consumer]
Tuesday, March 26, 8:58 AM Lobbyists from meat companies won a last-minute amendment to a budget bill last week which will keep food safety inspectors on the job this summer. Though spending cuts will continue to pose a threat to the meat industry (SFD, HRL, TSN, HSH), for the time being it will be business as usual. A disturbing horse meat scandal in Europe is believed to have helped tip sentiment toward keeping meat inspectors on the busy side through the summer. Comment! [Consumer]
Friday, March 15, 1:26 PM Not horsing around: Congress wants to revive a ban on horse meat processing in the U.S. to prevent companies from opening slaughterhouses to export horse meat. A more interesting development developing from the meat scandal in Europe is the prospect that beef suppliers (TSN, SFD, Cargill) in the U.S. could see a boost in output. 1 Comment [Consumer]
Tuesday, February 26, 9:52 AM Tyson Foods (TSN -3.8%) warns its pork business has seen some margin compression in Q1, but says on the beef front margins have improved slightly in February. Overall, the company sees some pressure in the near term before the market starts to work in its favor in the back half of the year. The outlook was revealed during a presentation by execs at the Goldman Sachs Agribusiness Conference. (webcast) Comment! [Consumer]
Tuesday, February 5, 9:25 AM Shares of McDonald's (MCD) are treading water in premarket trading, up 0.1%, with the damaging report from Yum Brands on KFC sales in China not spilling over to scare off investors. Analysts are quick to note the issue with Yum is tied to chicken quality - not the overall restaurant sector in China. An under-the-radar pick to possibly benefit from the China chicken contamination issue is Tyson Foods (TSN) with its quality reputation in the region quite strong. Comment! [Consumer]