Tyson Foods profit tops estimates, shares rise 5 percent

Tyson Foods profit tops estimates, shares rise 5 percent

The institutional investor held 26,480 shares of the consumer non-durables company at the end of 2017Q3, valued at $1.87 million, up from 20,580 at the end of the previous reported quarter.

In its chicken segment, strong demand drove increased sales volumes, while the company also benefited from $14 million in cost savings from its Financial Fitness Program, along with somewhat lower feed expenses. About 849,009 shares traded. Shire plc (NASDAQ:SHPG) has risen 4.69% since February 8, 2017 and is uptrending. It has underperformed by 35.32% the S&P500.

"Building on our momentum from a record year in fiscal '17, we're off to a strong start in fiscal '18", Tom Hayes, Tyson president and CEO, said in a release. Deroy & Devereaux Private Investment Counsel Inc sold 201,808 shares as the company's stock declined 0.34% while stock markets rallied. Weatherly Asset Management who had been investing in Tyson Foods Inc for a number of months, seems to be bullish on the $27.52 billion market cap company. The stock decreased 2.94% or $1.77 during the last trading session, reaching $58.39. Tyson Foods, Inc. (NYSE:TSN) has declined 9.94% since February 8, 2017 and is downtrending.

Tyson has sought to ensure higher profits by investing in prepared meals and heat-and-serve items such as sandwich supplier AdvancePierre Foods, which it bought in 2017 for about $3.2 billion. TSN trades with a P/S ratio of 0.72.

Among 12 analysts covering SPS Commerce (NASDAQ:SPSC), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 67% are positive. Acco Brands had 4 analyst reports since April 29, 2016 according to SRatingsIntel. On Tuesday, November 14 the stock rating was maintained by RBC Capital Markets with "Hold". The firm has "Outperform" rating given on Friday, August 7 by RBC Capital Markets. On Wednesday, February 8 the stock rating was downgraded by Pacific Crest to "Sector Weight". The stock of SPS Commerce, Inc. The company was maintained on Tuesday, November 24 by Credit Suisse. The rating was maintained by Jefferies with "Buy" on Friday, June 3. Its up 0.34, from 0.88 in 2017Q2. Intact Invest Mgmt owns 8,700 shares. Alps Advsr, a Colorado-based fund reported 4,305 shares. 9,676 are held by Us Comml Bank De. Stevens First Principles Advsrs holds 2,005 shares. (NASDAQ:TSRO) for 16,000 shares. More interesting news about Tyson Foods, Inc. Rafferty Asset Management Ltd owns 39,655 shares for 0.06% of their portfolio. Its up 1.63% from 5.92M shares previously. 29,068 were reported by Advantus Cap Mgmt Inc. The stock has "Hold" rating by Deutsche Bank on Monday, July 18.

Investors sentiment decreased to 1.21 in 2017 Q3. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.38 by $0.05. It improved, as 42 investors sold TSN shares while 195 reduced holdings. 68 funds opened positions while 191 raised stakes. During the same period in the prior year, the firm earned $0.96 earnings per share.

Tyson expects full-year earnings in the range of $6.55 to $6.70 per share. (NYSE:TSN). Louisiana State Employees Retirement has 18,100 shares. Fred Alger Mngmt has 126 shares for 0% of their portfolio. Senator Group Limited Partnership stated it has 400,000 shares or 0.69% of all its holdings.

As regular trading ended, Investors Bancorp, Inc. Quantum Cap has invested 0.07% in Tyson Foods, Inc.

More notable recent Tyson Foods, Inc. Acadian Asset Ltd Limited Liability Company invested 0% in Tyson Foods, Inc. Oppenheimer has invested 0.09% of its portfolio in Tyson Foods, Inc. (NYSE:TSN) shares were sold by Hayes Thomas P. (NYSE:TSN). Art Ltd Co holds 0.06% of its portfolio in Tyson Foods, Inc. ValuEngine upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a report on Monday, November 20th. upgraded shares of Tyson Foods from a "sell" rating to a "hold" rating and set a $75.00 price target on the stock in a report on Wednesday, November 15th. Finally, Morgan Stanley initiated coverage on shares of Tyson Foods in a research note on Friday, November 3rd. During the last 52 weeks, the (NYSE:TSN) price has been as high as $84.65 and as low as $57.2. RBC Capital Markets maintained Tyson Foods, Inc. (NYSE:TSN) shares have seen a move of -9.49%. Therefore 60% are positive. The SI to Tyson Foods Incorporated's float is 2.07%. Tyson Foods Inc. had 55 analyst reports since August 5, 2015 according to SRatingsIntel. The company was initiated on Wednesday, August 24 by Bank of America. Barclays Capital maintained it with "Overweight" rating and $80 target in Monday, October 2 report. RBC Capital Markets maintained Tyson Foods, Inc. The stock has "Buy" rating by Jefferies on Wednesday, July 27. RBC Capital Markets maintained the stock with "Hold" rating in Tuesday, August 8 report.

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