Pilgrims Pride Corp
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Tyson, Other Meat Producers Hit with Price-Fixing Allegations
Yesterday, Tyson Foods (TSN) and fellow meat producers Pilgrim’s Pride (PPC) and Sanderson Farms (SAFM) took a hit to their stocks after news came out about an investigation over price-fixing allegations.
Why Hormel Foods Stock Has Surged 18.6% in 2018
Hormel Foods (HRL) has delivered year-to-date stock gains of 18.6% as of December 17.
What’s Driving Hormel Foods Stock in 2018?
On November 20, Hormel Foods (HRL) stock fell 0.9% after the company announced its fourth-quarter results.
Hormel Foods: Reviewing the Stock’s 2018 Performance
As of November 14, Hormel Foods’ (HRL) stock price is up 23.2% year-to-date to $44.84.
Wall Street’s View of Hormel Foods before Q4 2018 Earnings
As of November 14, of the 12 analysts covering Hormel Foods’ (HRL) stock, 17% recommend a “buy” while 67% recommend a “hold” and the remaining 16% recommend a “sell.”
A Look at Hormel Foods’ Year-to-Date Stock Returns
Hormel Foods (HRL) has delivered year-to-date stock returns of ~9.0% as of September 19.
Hormel Foods’ Dividend Yield and PE Multiple
Hormel Foods’ (HRL) quarterly dividend payout stands at ~$0.19 per share. The company increased its dividend 10% in November 2017.
Analyzing Hormel Foods’ Stock Performance in 2018
As of August 16, Hormel Foods’ (HRL) stock price has risen ~4% on a YTD basis. The stock price could accelerate more after the third-quarter results.
How Hormel Foods Stock Has Performed This Year
Hormel Foods (HRL) stock has been subdued this year, rising just 3.1% as of July 12.
Hormel Foods’ Capital Allocation Plans
Hormel Foods (HRL) has an extensive stock repurchase plan in place, in addition to paying dividends.
What Are Analysts Recommending for Hormel Foods Stock?
Most analysts who are providing recommendations on Hormel Foods (HRL) have maintained “hold” ratings on the stock.
Assessing Hormel Foods from a Valuation Perspective
On April 6, 2018, Hormel Foods (HRL) was trading at a 12-month forward PE (price-to-earnings ratio) of 18.6x.
Why Hormel Foods’ Stock Price Has Fallen 4% in 2018
Hormel Foods (HRL) has seen its stock price fall 4% on a YTD (year-to-date) basis as of April 6, 2018.
What Analysts Recommend for Tyson Foods
Of the 18 analysts covering Tyson Foods, 67.0% recommend a “buy” on its stock.
China’s Tariff Increase Weighs on Tyson Foods Stock
Tyson Foods (TSN) stock fell 6.3% on Monday, April 2, 2018, as China imposed higher import tariffs on 128 US commodities including frozen pork.
Why Stocks of Meat Producers Are Declining despite Strong Demand
Demand for protein-rich food in the domestic market and increased exports have led meat producers Tyson Foods (TSN), Sanderson Farms (SAFM), and Pilgrim’s Pride (PPC) to report stellar sales growth in 2017.
How Tyson Foods Compares with Its Peers in Valuation
As of December 22, 2017, Tyson Foods (TSN) stock was trading at a 12-month forward PE (price-to-earnings) multiple of 13.9x, which could seem attractive to investors.
Tyson Foods: Analysts Are Recommending a ‘Buy’
Most of the analysts rating Tyson Foods (TSN) are maintaining a favorable outlook on the stock.
Tyson Foods: Analysts Raised Target Price after Fiscal 4Q17
After Tyson Foods (TSN) announced its fiscal 4Q17 results on November 13, 2017, several analysts raised their target prices for the stock.
What Analysts Suggest for TSN Stock
Most of the analysts providing recommendations on Tyson Foods (TSN) maintained a positive stance on the stock.
Could Tyson Stock Rise on Fiscal 4Q17 Earnings?
Tyson Foods (TSN) is set to announce its fiscal 4Q17 results next week. Analysts expect the company’s sales to improve on a YoY (year-over-year) basis.
Wall Street Recommendations for TSN Stock after Q3
The majority of analysts providing recommendations on Tyson Foods’ (TSN) stock maintain a positive outlook after the fiscal 3Q17 earnings results.
What Impacted Tyson Foods’ Margins in Fiscal 3Q17
Tyson Foods’ (TSN) margins declined on a YoY (year-over-year) basis despite generating improved volumes and higher average selling prices.
Tyson Foods Beats Q3 Earnings Estimates, Stock Jumps
Tyson Foods (TSN) posted strong fiscal 3Q17 results, and the company’s stock rose 5.7 %. Tyson Foods’ fiscal 3Q17 top- and bottom-line results beat analysts’ estimates.
What Analysts Expect from Tyson Foods on the Sales Front
Analysts expect Tyson Foods (TSN) to post sales of $9.5 billion in fiscal 3Q17, reflecting a year-over-year increase of 1%.
Could TSN Stock Gain Momentum from Its Fiscal 3Q17 Results?
Tyson Foods (TSN) stock took a beating following its sluggish fiscal 2Q17 results. TSN plans to report its fiscal 3Q17 sales and earnings results on August 7.
What Happened to Pilgrim’s Pride?
Pilgrim’s Pride fell 2.3% to close at $19.16 per share on January 6, 2017. The stock’s weekly, monthly, and YTD price movements were 0.31%, 7.0%, and 0.90%.
Barclays Rates Fortune Brands Home & Security ‘Equal-Weight’
Fortune Brands Home & Security rose 1.5% to close at $54.78 per share on January 6. Its weekly, monthly, and YTD movements were 1.4%, -0.67%, and 2.5%.
Understanding Cal-Maine Foods’ Performance in Fiscal 2Q17
Cal-Maine Foods (CALM) has a market cap of $1.9 billion. It fell 1.6% to close at $42.00 per share on December 22, 2016.
Tyson Foods Elects New Board of Directors
Tyson Foods (TSN) has a market cap of $22.4 billion. It rose 0.06% to close at $62.44 per share on December 16, 2016.
Tyson Foods Forms a New Venture Capital Fund to Focus on Growth
In fiscal 2016, Tyson Foods (TSN) reported sales of $36.9 billion, a fall of 10.9% year-over-year.
KeyBanc Capital Markets Rated Tyson Foods as ‘Overweight’
Tyson Foods (TSN) reported fiscal 4Q16 sales of $9.2 billion, a 12.8% fall compared to its sales of $10.5 billion in fiscal 4Q15.
KeyBanc Capital Markets Rated Hormel Foods as ‘Sector Weight’
Hormel Foods (HRL) declared a quarterly dividend of $0.17 per share on its common stock. The dividend will be paid on February 15, 2017, to shareholders of record at the close of business on January 17, 2017.
How Did Tyson Foods Perform in Fiscal 4Q16?
Tyson Foods (TSN) has a market cap of $21.0 billion. It fell 14.5% to close at $57.60 per share on November 21, 2016.
Goldman Sachs Rated Cal-Maine Foods as ‘Neutral’
Cal-Maine Foods (CALM) reported fiscal 1Q17 net sales of $239.8 million, a fall of 60.7% compared to its net sales of $609.9 million in fiscal 1Q16.
Cal-Maine Foods Completed Its Acquisition of Foodonics International
Cal-Maine Foods (CALM) fell 4.4% to close at $36.50 per share during the first week of November 2016.
Why Did Tyson Foods Rise on October 11?
Tyson Foods (TSN) has a market cap of $28.8 billion. It rose by 1.3% to close at $71.38 per share on October 11, 2016.
Why CLSA Upgraded Tyson Foods to a ‘Buy’
On October 10, 2016, CLSA upgraded Tyson Foods’s rating to a “buy” from “neutral” and also set the stock’s price target at $86.00 per share.
Why Did Tyson Foods Settle for $1.6 Million?
Tyson Foods (TSN) declared a quarterly dividend of $0.15 per share on its Class A common stock and $0.14 per share on its Class B common stock.
Tyson Fresh Meats Announces Its Plans for Expansion
Price movement Tyson Foods (TSN) has a market cap of $27.5 billion. It fell 1.6% to close at $74.83 per share on September 29, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -2.5%, -0.80%, and 41.2%, respectively, on the same day. TSN is trading 0.10% below its 20-day moving average, 0.70% […]
Why Did Tyson Foods Recall Its Chicken Nuggets?
Tyson Foods (TSN) has a market cap of $27.8 billion. It fell 0.21% to close at $75.72 per share on September 27, 2016.
Tyson Foods Reaffirms Its 2016 Projections
Tyson Foods (TSN) has a market cap of $27.1 billion. It fell by 0.77% to close at $74.70 per share on September 8, 2016.
Analyzing Hormel Foods’ Valuation after 3Q16
Hormel is trading at a PE ratio of 22.9x as of August 22. Analysts expect its adjusted EPS to rise by 23% and its revenue to increase by 2% in fiscal 2016.
Did Hormel Foods’ Stock Benefit from Its Fiscal 3Q16 Results?
Hormel rose another 7% on August 22 and closed at $39.51. Hormel has risen 11% since the company’s last earnings report on May 18.
Wall Street Analysts’ Recommendations for Sanderson Farms
Stephens gave Sanderson Farm the highest target price of $108, respectively. This represents a 16% rise from the closing price of $93.17 on August 18.
Will Sanderson Farms’ Fiscal 3Q16 Earnings Exceed Estimates?
Analysts expect Sanderson Farms’ adjusted EPS to be $2.25 in fiscal 3Q16—compared to 3Q15 EPS of $2.27. It represents a slight fall of 1%.
What Impacted Sanderson Farms’ Results Last Quarter?
Sanderson Farms (SAFM) delivered a drop in YoY (year-over-year) net sales in the second quarter as well. Net sales fell 3% to $692 million.
Why Has Sanderson Farms’ Stock Gained in 2016?
Sanderson Farms will release its fiscal 3Q16 earnings on August 25 after the Market opens. So far, it showed tremendous growth in its stock price in 2016.
Why Was Tyson Foods Fined?
Tyson Foods (TSN) has a market cap of $27.0 billion. It fell by 1.1% to close at $74.25 per share on August 16, 2016.
Why Did Tyson Foods Fire Some of Its Workers?
Tyson Foods (TSN) has a market cap of $27.6 billion. It fell by 0.09% to close at $74.57 per share on August 11, 2016.
How Is Tyson Foods Improving Its Chicken Operating Margin?
In fiscal 3Q16, Tyson Foods’ Chicken segment reported an operating margin of 13.9% with an improved product mix.
How Is Tyson Foods Positioning Itself through Innovation?
Tyson’s Core 9 product lines are the primary drivers of sales and profitability within its packaged retail offerings. These include brands such as Tyson, Hillshire Farm, Jimmy Dean, Ball Park, Wright, and Aidells.
Tyson Foods’ Updated Guidance for Fiscal 2016
Tyson Foods’ capex (capital expenditure) is estimated to come in at ~$725 million for fiscal 2016, and its capex is expected to rise in fiscal 2017.
BMO Capital Increases Tyson Foods’ Price Target to $77 per Share
Tyson Foods (TSN) has a market cap of $27.6 billion. It rose by 0.54% to close at $74.47 per share on August 9, 2016.
A Look at Tyson Foods’ Performance in Fiscal 3Q16
Tyson Foods (TSN) has a market cap of $27.4 billion. Its stock rose by 0.58% to close at $74.07 per share on August 8, 2016.
Kraft Heinz in Fiscal 2Q16: How Did Its Segments Perform?
Kraft Heinz operates through its four geographic segments—the US, Canada, Europe, and the Rest of World. The US segment’s net sales were $4.69 billion.
Tyson’s 2016 Guidance Includes Synergies of Hillshire Brands Buy
After a strong fiscal 2Q16, Tyson Foods (TSN) updated and raised its guidance for 2016. The company expects its Prepared Foods segment to benefit the most.
What Could Hamper Tyson Foods’ Revenue in 3Q16?
Tyson Foods is expected to report lower revenue in 3Q16. The export markets will likely be challenged moderately in 2016. This could hamper its revenue.
What Analysts Recommend for Pilgrim’s Pride after 2Q16 Results
As of July 28, 2016, Pilgrim’s Pride (PPC) was trading at $23.74. In this part of the series, we’ll see what analysts recommend for the company after its 2Q16 earnings release.
How Has Pilgrim’s Pride Made Room for Strategic Investments?
Consistent with its strategy to improve capital structure and generate shareholder value, Pilgrim’s Pride (PPC) paid $700 million, or $2.75 per share, in special dividends.
Did Pilgrim’s Pride Successfully Drive Margin Growth in 2Q16?
In its 2Q16 earnings call, Pilgrim’s Pride (PPC) said that despite the fall in margins, the company’s margins depict its ability to adapt to different market scenarios.
Pilgrim’s Pride in 2Q16: How Much Did Earnings Decline?
Pilgrim’s Pride’s earnings were hit hard again in the second quarter. They fell far below analysts’ expectations, missing estimates by 11%.
Why Pilgrim’s Pride Continued Its Downward Revenue Trend in 2Q16
On July 27, 2016, Pilgrim’s Pride (PPC) reported its financial results for 2Q16, which ended June 26, 2016. It generated revenue of $2.03 billion, a small decline of 1% compared to $2.05 billion in 2Q15.
Which Stocks Were the Outliers in the Consumer Space on July 27?
On July 27, 2016, the S&P 500 slightly outperformed the S&P Consumer Discretionary and the S&P Consumer Staples.
What Are Wall Street Analysts Recommending for Cal-Maine Foods?
On June 16, BB&T Capital Markets upgraded Cal-Maine to “hold” from “underweight.” It doesn’t have a target price for the stock.
What Benefited Cal-Maine’s Strong Revenue Growth in Fiscal 2016?
Cal-Maine Foods started fiscal 2016 with higher sales. Higher average selling prices for eggs and a modest rise in volume contributed to the revenue growth.
What Are Cal-Maine Foods’ Key Strengths?
Cal-Maine provides tasty, affordable, and convenient sources of protein to consumers. Cal-Maine enhances its product mix to meet customers’ needs.
Cal-Maine Plans to Increase Its Value-Added Specialty Egg Business
Cal-Maine Foods (CALM) plans to grow its specialty egg business by meeting consumer demand in the rapidly growing segment.
How Does Cal-Maine Plan to Benefit from Its Growth Strategy?
Cal-Maine is known for identifying and completing strategic acquisitions. Identifying and pursuing acquisition opportunities is part of its growth strategy.
Why Analysts Lowered Cal-Maine’s Earnings Estimates
Cal-Maine Foods’ (CALM) earnings estimates have been revised in the last three months. The earnings expectations don’t look positive for the company.
Why Did Cal-Maine Shares Fall 23% in the Last 3 Months?
Cal-Maine Foods (CALM) saw declining growth in its shares in the last three months. The company’s shares are trading close to its 52-week low.
BB&T Capital Markets Upgrades Cal-Maine Foods to ‘Hold’
Cal-Maine Foods (CALM) has a market cap of $2.1 billion. It rose by 2.7% to close at $41.19 per share on June 16, 2016.
What Made Pilgrim’s Pride Stock Rise 11% in 2016?
So far, Pilgrim’s Pride (PPC) stock has grown 11% in 2016. The stock even rose 12% when the company reported its 1Q16 results on April 28.
What Do Wall Street Analysts Recommend for Pilgrim’s Pride?
About 80% of analysts rate Pilgrim’s Pride a “hold” and 20% rate it a “buy.” None of the analysts rate it a “sell.” As of June 14, it was trading at $24.37.
How’s Pilgrim’s Pride Progressing with Its Expansion Project?
Last week, Pilgrim’s Pride received state approval for its $20 million investment plan to expand its poultry complex in Mayfield, Kentucky.
Tyson Foods Has Appointed Tom Hayes as President
Tyson Foods (TSN) has a market cap of $22.5 billion. It fell by 1.1% to close at $59.93 per share on June 13, 2016.
What Does Tyson Foods’ Current Valuation Tell Us?
After downgrading Tyson Foods (TSN) stock to “market perform” from “outperform,” BMO Capital Markets acknowledged some hesitancy regarding its downgrade.
BMO Capital Downgrades Pilgrim’s Pride to ‘Market Perform’
Pilgrim’s Pride (PPC) reported fiscal 1Q16 net sales of $2.0 billion, a decline of 4.4% compared to $2.1 billion in fiscal 1Q15.
BMO Capital Downgrades Tyson Foods to ‘Market Perform’
Tyson Foods (TSN) has a market cap of $22.6 billion. It fell by 3.7% to close at $60.88 per share on June 6, 2016.
Tyson Foods’ Updated Guidance for Fiscal 2016
Tyson Foods expects to increase share repurchases under its share repurchase program. The company has repurchased ~3.0 million shares for $200 million so far in fiscal 3Q16.
How Much Did Tyson Foods Return to Shareholders in Fiscal 2Q16?
On May 5, Tyson Foods announced quarterly dividends of $0.15 per share on its Class A common stock and $0.14 per share on its Class B common stock.
How Does Tyson Foods Plan to Drive Future Growth?
Tyson Foods increased its Chicken segment’s normalized margin range to 9%–11%. This reflects the impact of the sustainable fundamental business improvements in the Chicken segment.
How Is Pilgrim’s Pride Valued after 1Q16 Earnings?
Pilgrim’s Pride is currently trading at a PE ratio of 12.4x, based on the next-12-month EPS as of April 28, 2016. This is an increase of 8%.
How Has Pilgrim’s Pride Stock Performed in 2016?
Pilgrim’s Pride (PPC), a Colorado-based meat producer, is all set to report its fiscal 1Q16 results before the opening bell on April 28.
Higher Egg Prices Benefited Cal-Maine’s Revenue in 3Q16
Cal-Maine Foods continued its trend of positive revenue growth in fiscal 3Q16. The revenue for 3Q16 was $449.8 million—a 2.8% increase compared to 3Q15.
How Did Cal-Maine Foods Impress in Fiscal 2Q16?
In fiscal 2Q16, higher average selling prices and a modest rise in the volume contributed to Cal-Maine Foods’ (CALM) revenue growth.
Analyzing Meat Producers’ Profitability in the Recent Quarter
Meat-producing companies and companies using meat-based products saw improved operating margins this year due to rising prices for proteins.
What Impacted Meat Producers’ Revenue in the Recent Quarter?
Pilgrim’s Pride’s revenue fell 7%. Its US operations were the source of nearly 84% of the company’s total revenue. It represented a YoY fall of 11.7%.
Avian Influenza Outbreak Impacted the Meat Industry in 2015
The avian influenza outbreak caused disruptions for most meat producers in 2015. It resulted in supply chain problems and meat-related bans.
Wheat Prices Continue Their Upward Movement
March 2016 wheat futures prices were near the crucial support of 465 cents per bushel on March 9, 2016.
Were Wheat Prices Affected by the WASDE Report?
Wheat March futures trading on the Chicago Board of Trade (or CBOT) improved by 0.54% and closed at $4.63 per bushel on March 9, 2016.
Why Wheat Prices Could Continue Testing Support at $4.4 per Bushel
March wheat futures prices were below the key support level of 440 cents per bushel on February 4, 2016.
Sanderson Farms Revenue Beat Estimates: Why a 9.2% Fall in Sales?
Sanderson Farms (SAFM) delivered a decline in YoY net sales yet again in fiscal 1Q16. Net sales were $605.2 million, a fall of 9.2% compared to fiscal 1Q15.
Will Wheat Prices Remain Stuck in Their Falling Price Channel?
Wheat futures contracts for March 2016 delivery were near the support level of $4.45 per bushel at the close of yesterday’s trade.
Reasons behind Campbell Soup’s Raised Guidance for Fiscal 2016
One week before its fiscal 2Q16 earnings release, Campbell Soup (CPB) raised its earnings guidance for fiscal 2016. It’s based on better-than-expected results for the second quarter.
Speculation of Favorable Weather in US Wheat Belt Hurts Wheat
Wheat March futures trading on the Chicago Board of Trade (or CBOT) fell by 0.16% and closed at $4.57 per bushel on February 12, 2016.
Pilgrim’s Pride’s Stock Fell 6% on Missed Earnings
After the fiscal 4Q15 earnings release, Pilgrim’s Pride’s (PPC) stock fell 6% to close at $21 on February 11 as compared to the previous day’s closing price of $22.40.
Year-End Inventories Give Wheat Prices a Spanking
Wheat futures trading on the CBOT for March expiry dropped by 0.22%, closing at $4.57 per bushel on February 9, 2016.
Wheat Prices Fell for the Third Straight Day
Wheat futures prices for March contracts were trading near the support level of 460 cents per bushel on February 8, 2016.