How much has the stock gained?
Tyson Foods’ (TSN) stock has gained 16% since its 1Q16 earnings release on February 5. The stock rose 10% after a better-than-expected fiscal 1Q16. Tyson delivered higher earnings in its last quarter. Also, it raised its guidance for 2016. This benefited the stock.
The stock has risen at a faster rate in the past year due to positive earnings growth along with an increase in revenue and profits. The stock rose 33% in 2015. So far, it has increased 25% in 2016. The stock outperformed the Market represented by the S&P 500 Index by 23% as of May 5. It closed at $66.38 on May 5.
Peers’ stock performance
Among its peers in the meat industry, Tyson has gained the most. So far, Pilgrim’s Pride (PPC) has gained 20% in 2016. Sanderson Farms (SAFM) has gained 22%. So far, Hormel Foods (HRL) has fallen 2% in 2016 as of May 5. Hormel, Pilgrim’s Pride, and Sanderson Farms closed at $38.19, $26.3, and $91.49, respectively, on May 5.
The First Trust Consumer Staples AlphaDEX Fund (FXG) invests 5.1% of its holdings in Hormel Foods, 5.8% of its holdings in Tyson Foods, and 3.6% of its holdings in Pilgrim’s Pride. The SPDR S&P Dividend ETF (SDY) and the PowerShares DWA Momentum Portfolio (PDP) invest 0.75% and 1.1% of their portfolio in Hormel.