TSN - Tyson Foods, Inc.

NYSE - NYSE Delayed Price. Currency in USD
89.86
-0.16 (-0.18%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close90.02
Open90.11
Bid89.73 x 800
Ask89.99 x 1400
Day's Range89.06 - 90.82
52 Week Range58.20 - 94.24
Volume2,685,194
Avg. Volume2,488,288
Market Cap32.833B
Beta (5Y Monthly)0.43
PE Ratio (TTM)16.28
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.68 (1.87%)
Ex-Dividend DateFeb 25, 2020
1y Target EstN/A
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    Beyond Meat's stock soars again, heads for 30% rally in 3 days

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    Beyond Meat, Tyson’s Raised & Rooted and other plant-based foods are officially mainstream

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  • BYND vs Tyson: Which Can Bring Home the ‘Vegan’ Bacon in 2020?
    TipRanks

    BYND vs Tyson: Which Can Bring Home the ‘Vegan’ Bacon in 2020?

    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.

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  • Beyond Meat Stock Was a Great 2019 Story, But the Sizzle Is Gone
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    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.

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  • MarketWatch

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    7 Stocks to Buy to Ride the Vegan Wave

    [Editor's note: "7 Stocks to Buy to Ride the Vegan Wave" was previously published in October 2019. It has since been updated to include the most relevant information available.]The IPO success of Beyond Meat (NASDAQ:BYND) has me revisiting the world of plant-based foods and exploring how investors can take advantage of the move to meatless alternatives. Today, the global plant-based meat market is estimated to be $12.1 billion. It's expected to grow to $27.9 billion by 2025, a compound annual growth rate of 15%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile many companies have focused on vegetarian and vegan markets in the past, it's clear that most food companies are now going after the "flexitarian" consumer: the person who still eats meat, but is opting for meatless alternatives regularly. Today, 32% of Americans identify themselves as flexitarian.As a result of this change in consumer tastes, companies have invested a total of $16 billion in plant-based meat, egg and dairy products. The "vegan wave" is now the flexitarian wave. * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade Regardless of what you want to call it, these seven companies are taking advantage of the move to meatless alternatives. And some of these stocks to buy might even make you a lot of money in the long run. Beyond Meat (BYND)Source: calimedia / Shutterstock.com By now, the Beyond Meat story is known by most investors, so I'll keep the IPO details to a minimum.The California plant-based food company went public on May 1 at $25 a share, selling 9.6 million of its stock for net proceeds of $219 million, not including the underwriters' over-allotment. The company's shareholders didn't sell any of their shares in the IPO. However, on Aug. 2, it did file a final prospectus that will see Beyond Meat sell 250,000 shares to the public along with some of its pre-IPO shareholders, selling 3 million shares of BYND stock. The company wisely waived the 180-day lock-up period for its main investors so that they can cash out a portion of their shares while they're up almost six-fold. A fundamental capital allocation principle is to sell your stock when it is expensive and repurchase it when it's cheap. Beyond Meat's Q3 net revenues increased 250.0% year-over-year to $92.0 million, gross profit improved to $32.8 Million or 35.6% gross margin, and net income increased to $4.1 Million or $0.06 earnings per diluted share . Tyson Foods (TSN)Source: Daniel J. Macy / Shutterstock.com A lot has happened since I last wrote about Tyson Foods (NYSE:TSN) and its foray into meatless alternatives. Some of it good, some of it bad. In 2016, Tyson made a 5% investment in Beyond Meat, the company behind the burger that has taken Canada and the U.S. by storm. It upped its stake at the end of 2017 as part of a $55 million investment round by the California-based company."We got attacked when we signed a deal with Tyson. People said I personally have blood on my hands," said Beyond Meat CEO Ethan Brown at the time. "Tyson took a big risk, too. I mean Hayes didn't get any love letters when he backed us. But I'd much rather try to get things done than throw stones, and the people at Tyson know how to move the needle."Unfortunately for Tyson shareholders, the company didn't make it to the ball, selling its shares in April for an undisclosed amount, after Tyson CEO Noel White decided the company would create its own plant-based protein line. * The 10 Worst Dividend Stocks of the Decade Tyson's brand is called Raised & Rooted. It will compete with Beyond Meat. However, while its chicken nugget product will be meatless, its burger will contain Angus beef as well as pea protein isolate. According to TSN's chief marketing officer, "While most Americans still choose meat as their primary source of protein, interest in plant and blended proteins is growing significantly".The fact is, 70% of the people who eat Beyond Meat burgers are meat-eaters. Sustainable foods are the wave of the future. Kellogg (K)Source: DenisMArt / Shutterstock.com When most people think of Kellogg (NYSE:K), the first thing that likely comes to mind is cereal: Special K, Frosted Flakes, Mini-Wheats, etc. However, it has owned a vegetarian food brand called MorningStar Farms since acquiring the business in 1999. The company sells over 90 million pounds of faux meat (burgers, chicken, sausage, etc.) every year, with a third from fake burgers and the remaining two-thirds from its other products. Estimates suggest that MorningStar generates $450 million in annual revenue, about double the amount Beyond Meat sells in a year. Beyond Meat is valued at 64 times sales. If MorningStar Farms were given the same valuation, it would be worth $29 billion to Kellogg, about 50% more than the company's current market cap. It is clear that Kellogg is aware of MorningStar Farm's potential. The big question is whether its management is smart enough to take advantage of the popularity of meatless products. Amazon (AMZN)Source: Shutterstock It has been a whirlwind 23 months since Amazon (NASDAQ:AMZN) stunned the world buying Whole Foods for $13.7 billion.Prognosticators of all types came out of the woodwork predicting the many changes Jeff Bezos would implement at the healthy foods grocery-store chain.One of the more sensible changes is expanding Whole Foods' delivery network. Whole Foods now provides two-hour delivery in 90 cities across the U.S.Not surprisingly, the predicted drop in prices at Whole Foods, has yet to materialize. * 7 Energy Stocks That Are Still Worth Buying In 2020 "While deeper promotional pricing on key items, incremental savings … and increased convenience for Prime Members in the first year under Amazon ownership have caught our eye as consumers, the reality is that Whole Foods pricing on a broad basket has remained largely unchanged," stated a report from Gordon Haskett Research Advisors. Con Agra (CAG)Source: Shutterstock In my previous article about the move to plant-based foods, I discussed Hain Celestial (NASDAQ:HAIN), one of the earliest adopters of meatless and vegan alternatives. One of its companies is Yves Veggie Cuisine, founded by Canadian food entrepreneur Yves Potvin in 1985. Potvin used $5,000 of his own money, $10,000 from family and $25,000 in small-business loans to get it up-and-running. Potvin sold Yves to Hain in 2001.Potvin's next move was to create Gardein in 2003, a maker of meatless alternatives, including veggie burgers and chicken sliders, the founder's favorite Gardein product. Potvin sold Gardein in 2014 to Pinnacle Foods, now a subsidiary of ConAgra Brands (NYSE:CAG), for $154 million. ConAgra likely acquired Pinnacle Foods, in part, to take advantage of the flexitarian movement."That means the opportunity here could be in the range of $30 billion just in the U.S.," CEO Sean Connolly said recently. "And you know, there's even more opportunity internationally."If you are a CAG shareholder, Gardein is a big reason to hang on to your stock. Restaurant Brands International (QSR)Source: Shutterstock While most investors in the U.S. are familiar with Restaurant Brands International (NYSE:QSR) because of its Burger King restaurants, up here in Canada, where I live, Tim Hortons is an iconic name that RBI is trying to grow with Canadians and coffee lovers in other parts of the world, including the U.S.To compete with other fast-casual names, Tim Hortons has introduced and continues to test plant-based alternatives. In the past month, Tim Hortons has launched a Beyond Meat burger in Canada, Beyond Meat vegetarian sausage patties, and is experimenting with plant-based eggs. Early indications suggest the plant-based eggs, which are made by San Francisco food company Just, are getting rave reviews. According to a Just spokesperson, "Canada is one of the most requested markets for JUST and we're excited to be able to offer our product at select Tim Hortons locations for this market test." * 7 Hot Stocks for 2020's Big Trends I haven't been a fan of QSR stock -- it has a lot of debt -- but if it continues to innovate in this growing area of the restaurant and food industries, I might just have to change my tune. Impossible FoodsSource: Shutterstock In the previous slide, I discussed some of the initiatives Restaurant Brands International was doing for its Tim Hortons brand in Canada. I mentioned that the company also owns Burger King. Well, Burger King announced Aug. 1 that it is testing the Impossible Whopper, a plant-based version of its top-selling burger, for one month across all 7,200 stores in the U.S.Impossible Foods make the Impossible Whopper, the same people behind the plant-based burger that's available at all Wahlburger locations across the U.S. Burger King first tested the Impossible Whopper in 59 stores in the St. Louis area. The stores that sold this burger saw foot traffic increase by a whopping 18.5%. However, because the burger contains soy leghemoglobin, it isn't considered to be vegan.In May, Impossible Foods raised $300 million to bring its total funds raised to $750 million since its inception in 2011. Although the company is expected to go public at some point in 2020, it's not in a rush to do an IPO. Like Beyond Meat, it has a who's who list of investors, including Serena Williams, Bill Gates, Jay-Z and many others. The latest fundraise valued Impossible Foods at $2 billion. At the time of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Internet Stocks Getting Hammered * 6 Big Growth ETFs to Buy For the Second Half of 2019 * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The post 7 Stocks to Buy to Ride the Vegan Wave appeared first on InvestorPlace.

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