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Tyson Foods Inc. (TSN)

- NYSE
  • Mon, May 4, 8:08 AM
    • Tyson Foods (NYSE:TSN) reports total sales volume rose 2.4% in FQ2.
    • Segment Sales: Chicken: $2.83B (-0.46%); Beef: $4.13B (+7.97%); Pork: $1.20B (-19.03%); Prepared Foods: $1.87B (+117.31%); International: $222M (-32.32%).
    • Segment Volume change: Chicken -0.2%; Beef -0.8%; Pork -4.4%; Prepared Foods +70.6%; International -30.5%.
    • Segment Average Price change: Chicken -0.3%; Beef +8.8%; Pork -15.4%; Prepared Foods +27.4%; International -2.7%.
    • Gross margin rate rose 270 bps to 9.91%.
    • Adjusted operating margin rate +154 bps to 5.54%.
    • The company achieved $77M in synergies during the quarter & confident about exceeding $250M synergy target for the year.
    • The company expects overall domestic protein production to increase ~2% (Y/Y) in FY2015.
    • FY2015 Guidance: Sales: ~$41B; International operating loss:  to improve by ~$25M; Chicken operating margin: ~11%; Pork operating margin: normalized range of 6% - 8%; Prepared Foods Operating margin: excess of 8%; Adjusted EPS: $3.30 - $3.40; Capital expenditure: ~900M; Net interest expense: ~$275M; Liquidity: in excess of $1.2B.
    • TSN +0.27% premarket.
    | Comment!
  • Tue, Apr. 21, 8:28 AM
    • Poultry stocks are skittish in early trading after a large chicken flock in Iowa is reported to be infected with cases of the avian influenza.
    • The virus is believed to be transmitted to farms in the Midwest by ducks and geese traveling along migratory routes.
    • On watch: Tyson Foods (NYSE:TSN) -0.8%, Pilgrim's Pride (NASDAQ:PPC) -0.6%, Sanderson Farms (NASDAQ:SAFM) -0.4%, Hormel (NYSE:HRL) -0.9%.
    | 6 Comments
  • Wed, Mar. 11, 11:40 AM
    • An unconfirmed case of avian bird flu in Arkansas is creating some anxiety in the poultry industry.
    • USDA testing is underway on the case.
    • Poultry exports to certain nations could be limited if the development worsens.
    • The chicken sector has also been hit recently with concerns on the use of certain antibiotics.
    • Decliners: Tyson Foods (TSN -5%), Hormel Foods (HRL -1%), Sanderson Farms (SAFM -5.4%), JBS (OTCQX:JBSAY -1.8%), BRF (BRFS -1.7%), and Pilgrim's Pride (PPC -7.2%)
    • Previously: Chicken stocks hit by antibiotic concerns
    | 2 Comments
  • Wed, Mar. 11, 10:00 AM
    • Chicken stocks trade weaker on concerns the push to remove certain antibiotics from hatcheries could raise costs or that inaction could crimp demand.
    • The issue has been teed up nationally after McDonald's made a strong statement last week with its new sourcing policy.
    • Decliners: Tyson Foods (NYSE:TSN) -4.7%, Sanderson Farms (NASDAQ:SAFM) -4.1%, BRF (NYSE:BRFS) -2.4%, Hormel Foods (NYSE:HRL) -0.6%, Pilgrim's Pride (NASDAQ:PPC) -6.6%.
    • Previously: McDonald's unveils menu sourcing initiatives (Mar. 04 2015)
    | 4 Comments
  • Wed, Mar. 4, 10:11 AM
    • McDonald's (MCD -0.5%) will stop buying chickens raised with human antibiotics in a gradual process, according to a report from Reuters.
    • An announcement by the company is expected later today.
    • The development could be a "tipping point" in the poultry industry, notes industry insider Jonathan Kaplan.
    • Shares of chicken-focused Pilgrim's Pride (PPC -1.5%) are lower - while Tyson Foods (TSN -1%), Sanderson Farms (SAFM -0.6%), and Hormel (HRL -0.6%) could all be impacted by a heightened focus on the use of antibiotics with livestock.
    • Buffalo Wild Wings (BWLD -1.7%) is also on watch as a company that buys a fair amount of chicken from suppliers.
    | 22 Comments
  • Fri, Jan. 30, 8:22 AM
    • Tyson Foods (NYSE:TSN) reports gross margin rate rose 102 bps to 8.84% in FQ1.
    • Segment Sales: Chicken: $2.78B (+4.67%); Beef: $4.39B (+17.60%); Pork: $1.54B (+8.15%); Prepared Foods: $2.13B (+135.17%); International: $305M (-6.73%).
    • Segment Volume change: Chicken +3.1%; Beef -2.7%; Pork +1.1%; Prepared Foods +89.5%; International -3.8%.
    • Segment Average Price change: Chicken +1.5%; Beef +20.9%; Pork +7%; Prepared Foods +24.1%; International -2.9%.
    • Adjusted operating margin rate +50 bps to 5.2%.
    • The company achieved $60M in synergies during the quarter & confident about exceeding $225M synergy target for the year.
    • The company expects to complete the sale of its Mexico chicken  production operation in FQ2.
    • The company expects overall domestic protein production to increase 1% (Y/Y) in FY2015.
    • FY2015 Guidance: Sales: ~$42B; International sales: decreasy by ~$600M - $650M; Pork operating margin: normalized range of 6% - 8%; Prepared Foods Operating margin: excess of 6%; Adjusted EPS: $3.30 - $3.40; Capital expenditure: ~900M; Net interest expense: ~$280M.
    • TSN +4.30% premarket.
    | Comment!
  • Oct. 17, 2014, 8:33 AM
    • JPMorgan says the recent sell-off in chicken producers Tyson Foods (NYSE:TSN), Pilgrim's Pride (NASDAQ:PPC), and Sanderson Farms (NASDAQ:SAFM) has been overdone a bit.
    • The sector caught the attention of traders yesterday after Smithfield's CEO seemed cautious on supply issues.
    • Shares of PPC are up 3.8% in early trading, while TSN and SAFM have yet to open.
    | Comment!
  • Oct. 9, 2014, 10:58 AM
    • Consumer staples stocks continue to persevere amid a broad market decline.
    • The Consumer Staples Select ETF (NYSEARCA:XLP) is +1.9% over the last 5 days vs. the -1.3% showing of the S&P 500 ETF.
    • Today, PepsiCo (PEP +1.5%) is doing some of the heavy lifting following its Q3 earnings report - while a number of meat stocks are also contributing including Pilgrim's Pride (PPC +1.3%), ConAgra Foods (CAG +1.8%), Hormel (HRL +0.7%), Seneca Foods Corp. (SENEA +0.7%), Diamond Foods (DMND +1.1%), Tyson Foods (TSN), and Sanderson Farms (SAFM +0.7%) .
    | 1 Comment
  • Oct. 3, 2014, 11:16 AM
    • More M&A murmurings and a decent mix of economic news is enough to give foods stocks a lift.
    • Sector leaders: Tyson Foods (TSN +1.8%), Pilgrim's Pride (PPC +5.1%), Sanderson Farms (SAFM +4.3%), Flower Foods (FLO +1.8%), Post Holdings (POST +2.1%) and Kellogg (K +1.1%).
    | 2 Comments
  • Sep. 24, 2014, 11:01 AM
    • Food stocks are topping market averages as investors shift to a more defensive stance.
    • The sector is also getting a look with grain, corn, meat, and rice prices moderating on improved global supplies.
    • On the move: Post Holdings (NYSE:POST) +2.0%, Dean Foods (NYSE:DF) +1.0%, Sanderson Farms (NASDAQ:SAFM) +1.7%, Diamond Foods (NASDAQ:DMND) +1.5%, Flower Foods (NYSE:FLO) +1.3%, Hain Celestial (NASDAQ:HAIN) +1.6%, General Mills (NYSE:GIS) +0.7%, ConAgra (NYSE:CAG) +1.1%, Kraft Foods (NASDAQ:KRFT) +1.0%, Tyson Foods (NYSE:TSN) +1.5%, Seaboard (NYSEMKT:SEB) +2.7%.
    | Comment!
  • Jun. 9, 2014, 7:39 AM
    • Tyson Foods (TSN) confirms a deal to buy Hillshire Brands (HSH) for $63 per share in a deal valued at $8.55B.
    • The company will use cash on hand and a bridge loan to fund the acquisition.
    • Execs will discuss the merger on a conference call at 8:30 AM EST.
    • Shares of Tyson are down 2.8% in premarket action, while Hillshire Brands is up 5.1% to $61.95.
    | 2 Comments
  • Jun. 3, 2014, 7:30 AM
    • Shares of Hillshire Brands (HSH) are up 8.3% to $58 in premarket action as investors bet another offer will come down the pike to top the $55 bid from Pilgrim's Pride (PPC).
    • Analysts think $55 is close to where Tyson Foods (TSN) thought it could nab Hillshire, indicating the company may have to stretch if it wants to get its quick entry into the breakfast market through Hillshire.
    | 1 Comment
  • May 29, 2014, 8:44 AM
    • Tyson Foods (TSN) offers to buy Hillshire Brands (HSH) for $50 per share.
    • The offer is over the top of a bid from Pilgrim's Pride (PPC) for the company.
    • The news could hit shares of Pinnacle Foods (PF) if it's left without a merger partner.
    • Food stock chain reaction (premarket): TSN +3.4% to $42.15; HSH +13.9% to $51.25, PPC -1.5% to $25.00; PF -1.8% to $31.00.
    | 4 Comments
  • May 27, 2014, 10:11 AM
    • Shares of Tyson Foods (TSN +3.5%), Hormel (HRL +2.6%), and Sanderson Farms (SAFM +2.5%) all trade higher after the merger profile of the sector gets a lift from Pilgrim Pride's aggressive pursuit of Hillshire Brands.
    • Though food industry analysts see long-term potential for the sector through consolidation, they warn the merger premium is getting played out.
    | Comment!
  • May 23, 2014, 10:08 AM
    • Select food stocks are lively this morning with Kraft Foods (KRFT +0.3%), Hillshire Brands (HSH +2.4%), Tyson Foods (TSN +1.4%), and Bob Evans (BOBE +1.7%) all showing some volatility.
    • Merger discussion is very much in the background in the sector. Pinnacle Foods (PF -1.6%) is lower on some growing chatter that the sale of the company to Hillshire Brands will meet shareholder resistance.
    | 1 Comment
  • May 21, 2014, 8:44 AM
    • Renewable Energy (REGI) +2.2% premarket after agreeing to acquire Tyson Foods' (TSN) 50% ownership stake in Dynamic Fuels for $18M and up to $35M in future payments tied to production volume.
    • The deal would give REGI full ownership of Dynamic Fuels and its 75M gal/year nameplate capacity renewable diesel biorefinery in Geismar, La., which was the first large scale renewable diesel biorefinery built in the U.S.
    • The deal is contingent upon the closing of REGI's 2013 Syntroleum (SYNM) acquisition; TSN and SYNM formed Dynamic Fuels in 2007 as a 50/50 joint venture.
    | 1 Comment
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Company Description
Tyson Foods Inc and its subsidiaries produce, distribute and market chicken, beef, pork, prepared foods and related allied products, including animal and pet food ingredients.
Industry: Meat Products
Country: United States