|Bid||87.61 x 1100|
|Ask||87.75 x 1000|
|Day's Range||87.53 - 89.38|
|52 Week Range||58.20 - 94.24|
|Beta (5Y Monthly)||0.43|
|PE Ratio (TTM)||15.87|
|Earnings Date||Feb 05, 2020|
|Forward Dividend & Yield||1.68 (1.92%)|
|Ex-Dividend Date||Feb 25, 2020|
|1y Target Est||99.00|
(Bloomberg) -- Tyson Foods Inc. is taking on the backlash facing the global meat industry and big agriculture with a move to advance the world of sustainable protein.Tyson, the biggest U.S. meat company, will pull together industry leaders, academia, NGOs and financial firms this week at the World Economic Forum annual meeting in Davos, Switzerland, as it launches a coalition designed to find sustainable solutions to producing protein. It’s the latest move by a meat giant to help scrub the industry’s image as a greenhouse-gas-emitting machine.From high-profile moves like the Golden Globes going vegan, to the hype surrounding alternative proteins such as Beyond Meat Inc.’s burger, the zeitgeist in some markets is moving toward less meat consumption even as global demand continues to grow. But traditional animal-meat producers are now looking to take the initiative in sustainability after largely being the punching bags of those sounding alarm bells over the industry’s environmental impact.By some measures, agriculture accounts for more global greenhouse gas emissions than transport, thanks in part to livestock production. To clean up its act, giants like Tyson and Cargill Inc. are promising ambitious reductions in emissions, including in supply chains. Chief sustainability officers are popping up all over meat C-suites, and social media ads are touting beef’s misunderstood health benefits.Notably, Tyson said it would include leaders from companies of “all forms of protein” for its coalition, meaning that purveyors of plant-based alternatives could be in the mix. And big meat has also joined the alternative protein craze, with Tyson rolling out its Raised & Rooted nuggets made with plants and blended patties in U.S. stores. “We want to help ensure the responsible production of affordable, nutritious food for generations to come,” Tyson CEO Noel White said in a statement. “We’re introducing this coalition because we know that we cannot achieve this alone.”(Updates with meat companies joining plant-based protein craze)\--With assistance from Megan Durisin.To contact the reporter on this story: Laura Yin in Seattle at email@example.comTo contact the editors responsible for this story: James Attwood at firstname.lastname@example.org, Millie Munshi, Catherine TraywickFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Could Tyson Foods, Inc. (NYSE:TSN) be an attractive dividend share to own for the long haul? Investors are often drawn...
Global protein coalition to convene the food and agriculture sector to address feeding the world’s growing population while benefiting people, animals and the planet. DAVOS, Switzerland, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (TSN) today announced the creation of the Coalition for Global Protein, a multi-stakeholder initiative to advance the future of sustainable protein. To mark the launch of the Coalition, Tyson Foods is convening leaders from the global protein industry, which includes all forms of protein, as well as academia, non-governmental organizations and financial institutions this week at Davos, Switzerland, alongside the 50th World Economic Forum Annual Meeting.
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SPRINGDALE, Ark., Jan. 13, 2020 -- Tyson Foods, Inc. (NYSE: TSN) will hold both its first quarter 2020 earnings call and its Annual Meeting of Shareholders on Thursday,.
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Shares of Beyond Meat Inc. powered up 10% in midday trading Monday toward a three-month high, to extend last week's big rally as some industry experts suggested plant-based meats are now more than just a novelty option for consumers. The stock has now run up 30% amid a three-day win streak, and has soared 42% in a week. The rally came despite new product announcements from competitors, as Impossible Foods said it was adding pork and sausage to its plant-based meat lineup, and Kroger Co. announced that launch of "Emerge: Plant Based Fresh Meats." Data and analytics provider Technomic said the announcements indicated that plant-based meat alternatives have "absolutely gone mainstream" and are gaining more acceptance among consumers. The stock, which went public in May, has still lost 19% over the past three months, while the S&P 500 has gained 10%.
Procter & Gamble's (PG) second-quarter fiscal 2020 results are likely to reflect gains from organic sales and growth initiatives. Adverse currency might have been a drag.
With more consumers wanting to eat plant-based proteins and more access to them, Beyond Meat, Tyson plant-based meats, and other protein alternatives have hit the mainstream.
Pork is a national staple in China, and the country needs to look outside its borders for a fresh supply of pork products, he said. Tyson Foods' stock ended 2019 with strong gains, yet the company's China opportunity makes the stock look attractive at current levels, Cramer said.
Tyson Foods (TSN) is focusing on enriching portfolio and benefit from rising demand for protein-packed products. However, rising input costs are a concern.
Helen of Troy's (HELE) third-quarter fiscal 2020 results are likely to reflect gains from Leadership brands and strength in the Housewares segment. However, escalated costs pose a threat.
Lamb Weston's (LW) second-quarter fiscal 2020 results are likely to reflect gains from robust price/mix and focus on LTOs. However, input cost inflation has been a threat.
The fast-approaching new decade will bring with it a plethora of trends most of us aren’t able to predict, or even imagine right now. One trend likely to continue, though, is the expansion of the plant-based meat industry. It is a market currently worth $12 billion and is estimated to reach $27 billion in the next five years.One of the year’s major disruptors, Beyond Meat is at the forefront of the revolution, with its plant-based patties popping up in stores across the land. But what’s to stop more traditional meat-based companies from getting in on the action? Not much, as it happens. The world’s second largest meat and chicken processor, Tyson Foods, was an early backer of Beyond Meat but now has a dedicated plant-based brand of its own. Other companies are following suit, too.Following the scent, then, TipRanks’ - a company that tracks and measures the performance of analysts -Stock Comparison tool lined up the two tickers alongside each other to give us an idea of what the Street thinks is in store for the two new rivals in the year ahead. Let’s dig in. Beyond Meat Inc (BYND)It has been a wild 2019 for the veggie patty manufacturer, Beyond Meat. The disruptor entered the market in May and soared over 420% at its $239.71 per share peak back in July. It is now trading at $75.64, a slide downwards of about 68%. So, what happened, then?Apart from the obvious explanation of “too much, too soon” implying a sell-off was imminent at some point, some doubts have been raised about the long-term prospects of BYND.Burger King’s recent decision to use Unilever’s Vegetarian Butcher for its ‘Rebel Whopper’ in approximately 2,500 outlets across 25 countries in Europe (Burger King uses Impossible Foods for its U.S. counterpart), indicated barriers to entry in plant-based meats are trivial, and brand burgers might not be a thing, after all, in the food service industry.While acknowledging other players are likely to enter the market, Bernstein’s Alexia Howard believes Beyond Meat’s early-mover advantage remains key. “Demand growth seems strong both domestically and internationally and so there may be little incentive for leading players to compete on price even if newer upstarts try to do so to break into the market,” said the analyst.Furthermore, the analyst believes that as livestock is a well-known contributor to global warming, the growing trend, particularly in Europe, of conscience investing will draw more people to BYND.Howard, therefore, upgraded her rating on BYND to Outperform, alongside a price target of $106. This implies upside potential of 40%. (To watch Howard’s track record, click here)Taking a more neutral view is Oppenheimer’s Rupesh Parikh, who initiated coverage of BYND with a Perform rating. The 5-star analyst noted, “We overall look quite favorably upon the Beyond Meat brand, product assortment, track record of innovation, longer-term prospects, and positioning to the very on-trend alternative meat category… However, a pricey valuation, increasing competition, and the potential for new selling pressures following the expiration of the lockup suggest more muted upside potential, in our view.” Parikh’s rating doesn’t currently include a price target. (To watch Parikh’s track record, click here)The Street, it seems, is currently on the cautious side with its appraisal of the meat disruptor. 3 Buys, 9 Holds and 2 Sells add up to a Hold consensus rating. This, though, doesn’t tell the whole story. While the rating implies caution, the average price target comes in at $112.91 and implies gains of 49% could materialize in the coming year. (See Beyond Meat stock analysis on TipRanks) See also: Corporate Insiders Pull the Trigger on 3 Buy-Rated StocksTyson Foods (TSN)It is interesting to note that Tyson Foods was an early investor in Beyond Meat. However, the company sold its 6.5% stake in BYND for a reported $79 million, a week before Beyond Meat went public.The reason? Well, it looks like Tyson realized they could make their own version of the veggie products. As a marquee name and owner of a network of distribution partners and retailers, Tyson’s move into the plant-based meat industry presented an opportunity for expansion and growth. The veggie products are additions to the company’s current meat-based offerings, not replacements. And while consumers in the coming decade are likely to add alternative protein products to their diet, the majority won’t necessarily care where they buy it from, as long as it’s readily available.Tyson’s Raised and Rooted brand rolled out to stores at the end of September, with it now in some 7,000 stores. The new brand currently has two offerings, plant-based nuggets and blended patties with a mix of beef and plant protein. Whole Foods recently cited blended burgers as one of its top 10 food trends in 2020. It will be interesting to see if this thesis plays out.BMO Capital’s Kenneth Zaslow thinks Tyson has strong fundamentals and notes the company’s recent FY20 guidance calls for high single-digit earnings growth with “potential for profound upside.” The 5-star analyst reiterated a Buy on Tyson alongside a price target of $98, implying upside potential of a further 7%. (To watch Zaslow’s track record, click here)J.P. Morgan’s Ken Goldman also notes the potential for the company's fiscal 2020 earnings to beat expectations. Additionally, encouraging signs of US chicken being allowed into China and the recent strength displayed in US meat pricing are additional reasons Goldman raised his price target from $83 to $89. The 4-star analyst, though, kept his Neutral rating on account of the company’s high valuation. (To watch Goldman’s track record, click here)And where does the Street stand on Tyson right now? As it happens, the Street is with the BMO analyst. A Strong Buy consensus rating breaks down into 4 Buys and 1 Hold. The average price target of $97.60 indicates upside potential of 7%. (See Tyson stock analysis on TipRanks) To find good ideas for stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57% each. Hedge funds' top 3 stock picks returned 44.6% this year and beat the S&P 500 ETFs by […]
Beyond Meat (NASDAQ:BYND) stock excited investors throughout 2019. In a year in which many high-profile initial public offerings crashed and burned, Beyond Meat was a true superstar.Source: Shutterstock While the IPOs of ride-sharing companies and other big names flopped, the feisty alternative-meat upstart dazzled its hardcore fans and spectators alike, as its shares rose as much as 800% from their IPO price. However, it seems that the party has already come to an end. Beyond Meat has lost more than half its value since its peak, while insiders have sold the stock in bulk, indicating that its $200 price tag was simply outlandish. Meanwhile, the rise of additional competition casts doubt on Beyond Meat's ability to maintain its stellar growth rates for much longer. The Competition Will Eat Beyond Meat For LunchBeyond Meat bulls can point to the rapid growth of the company's distribution points and big-name partners, including the Los Angeles Lakers. However, there's little evidence that these deals will cement Beyond Meat as a durable, winning brand for the long-run. It's estimated that plant-based meats are a $12 billion market now, and that they will grow to $27 billion over the next five years. That sounds good.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks for 2020 Yet the amount of competition in the space is growing at a much faster rate. All the major established protein companies like Tyson (NYSE:TSN), Hormel (NYSE:HRL) and Maple Leaf Foods already have their own plant-based products. Tyson in particular has a bunch of competing brands, as it has its own products and has invested in numerous upstart competitors in the space.There's an inherent contradiction in the bullish thesis on Beyond Meat. On the one hand, the company needs a large market, including people who eat animal meat, to consume Beyond Meat's products for the stock's valuation to make any sense.But for bulls' estimates to be accurate, those same consumers have to reject products from the likes of Hormel and Tyson simply because they also sell animal meat. However, the average consumers who goes to fast food chains and supermarkets don't care if companies make animal meat products. If a big company sells high-quality plant burgers, most consumers will be willing to buy them. The Battle for Consumers' LoyaltyMeanwhile, on grocery store shelves, the Tysons and Conagras (NYSE:CAG) of the world will win again, as they have decades-old distribution agreements with grocery stores and sell products in many of their aisles. They have way more influence and marketing power than a one-hit-wonder company like Beyond Meat. Look at Conagra, whose stock jumped 16% on Thursday.It reported strong earnings, in part due to its Gardein line of plant-based meats, which grew rapidly in the third quarter. On their conference call, Conagra noted that it is investing heavily in additional manufacturing and distribution capability for its brand that competes with Beyond Meat.Given the power of established companies like Conagra, the route to success for food and beverage startups has usually been to sell themselves to larger companies. However, with Beyond Meat's valuation already up in the stratosphere, it's not a good takeover candidate. Any company that acquires Beyond Meat would crush the acquirer's valuation and profitability.And Beyond Meat isn't the only start-up in the space. Even if, somehow, the upstarts manage to beat Tyson, Conagra, Hormel, and a long list of other rivals, they will still have plenty of competition. Burger King's Impossible Whopper after all, is not made by Beyond Meant, but by another start-up. Beyond Is Already Losing TractionDuring the last Beyond Meat conference call, Seth Goldman, the company's Executive Chair, said:So we do anticipate we'll be doing more promotion through trade and discounts going into the future. But we've been fortunate with the demand that we've seen. We haven't had to do a lot of promotions so far.Remember, the company is barely breaking even now. And that's with its profit margins still relatively high, as the flood of competing products has just started to reach supermarket shelves. With that in mind, Goldman noted that the company will be discounting more going forward and that it hasn't had to implement competitive pricing "so far." Those are the magic words. As the company's pricing pressures mount and its profit margins drop, Beyond Meat's stock will suffer a crushing blow.After the recent plunge of Beyond Meat's stock price, the shares have gone from absurdly priced to - well - still absurd. In fact, little has changed. Whether or not Beyond Meat has a market cap of $5 billion or $10 billion, its valuation is still not close to realistic.Its 2019 revenue will be just $270 million, so it is still selling at nearly 20 times its revenue.The stocks of normal meat products companies, by contrast, sell for two times their revenue or less. Tyson currently is selling for less than one time its revenue. Beyond Meat remains an outlier.On the bottom line, things don't look much better. Beyond Meat is selling for around 250 times its 2019 adjusted EBITDA. By contrast, ordinary meat companies sell for no more than 15 times their EBITDA, even during good times. Beyond Meat's Bottom LineBeyond Meat reminds me of Tilray (NASDAQ:TLRY) at this point. Both sell fast-growing products focused on an emerging consumer products space. Both have a fashionable product and tons of cool people using it. Celebrity endorsements keep rolling in. Once the stocks launched their IPOs, they went sky-high. Tilray soared from $25 to as high as $300. Beyond Meat jumped from $25 to more than $200.Tilray has already collapsed. Not too long ago, Tilray's shares fell back below their original IPO price. Anyone who bought the stock during the IPO has seen their gains disappear. And those who bought the stock near the top has suffered crushing losses.Beyond Meat appears to be following the same trajectory. While its shares are only back down to $78 so far, don't think for a second that they can't return to $25. Just as oversupply crushed the recreational cannabis market, a flood of plant-based consumer products will scorch Beyond Meat's margins and reveal the company to be a small fish in an awfully large pond.Don't be fooled into believing that Beyond Meat's stock is cheap because its price has dropped; $5 billion is still a jaw-dropping valuation for a company of this size whose competitive advantage is so weak.At the time of this writing, Ian Bezek owned CAG and HRL stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Vaping Stocks to Get into Ahead of the Crowd * 5 Retail Stocks That Are Winning Big This Holiday Season * Make the Shift Toward Value Stocks With These 5 Picks The post Beyond Meat Stock Was a Great 2019 Story, But the Sizzle Is Gone appeared first on InvestorPlace.
Tyson Foods Inc. and Hormel Inc. are among the companies that will benefit from the partial trade agreement reached between the U.S. and China, according to CFRA analysis. The deal includes a plan to put off additional U.S. tariffs that were set to go into effect on Dec. 15. In addition, China will purchase $40 billion to $50 billion in U.S. agricultural goods. CFRA thinks U.S. agricultural exports could jump between 50% and 100% in fiscal 2020, reaching $15 billion to $20 billion. With China still reeling from an outbreak of African swine fever, pork exports to China have soared, which bodes well for Tyson and Hormel. Other companies that stand to gain are agribusinesses like Archer Daniels Midland Co. and Bunge Ltd , and poultry businesses like Pilgrim's Pride Corp. and Sanderson Farms Inc. . Tyson stock is up 68.6% over the past year while Sanderson Farms has soared 73.6% and Pilgrim's Pride has nearly doubled, up 96.8%. Hormel is up 3.2%. Archer Daniels has gained 6.7% while Bunge is down 3.4%. The S&P 500 index is up 25.5% for the last 12 months.
Tyson Foods Inc received approval from U.S. and Chinese authorities to export American poultry to China from all 36 of its U.S. processing plants and expects to begin taking orders early next year, a chief supply chain officer for the company said. U.S. chicken companies are eager to resume sales in China after Beijing last month lifted a nearly five-year ban on imports as Chinese consumers seek pork alternatives. Increased Chinese purchases of products like chicken feet, wing tips and legs would help increase U.S. agricultural exports to China as the two countries negotiate a trade deal.