|Bid||68.60 x 800|
|Ask||70.07 x 1200|
|Day's Range||65.72 - 68.22|
|52 Week Range||61.54 - 94.24|
|Beta (5Y Monthly)||0.41|
|PE Ratio (TTM)||12.24|
|Forward Dividend & Yield||1.68 (2.43%)|
|Ex-Dividend Date||May 28, 2020|
|1y Target Est||N/A|
Cargill Inc will launch plant-based hamburger patties and ground "fake meat" products in April, the company said on Monday, challenging Beyond Meat and Impossible Foods for sales in grocery stores, cafeterias and restaurants. The entry of Cargill, one the world's largest privately held companies, in the market for imitation meat highlights the growing popularity of plant-based foods and expectations that consumers will continue to gobble up meat substitutes. The 155-year-old company presents new competition for startups Beyond Meat and privately held, Silicon Valley-based Impossible Foods.
Argentine beef exports to its top buyer China fell almost a third in January due to a price dispute with Chinese importers and the effects of a coronavirus outbreak, the head of the South American country's meat export chamber told Reuters. Soaring demand from China last year saw sales of Argentine frozen boneless beef double to 408,500 tonnes, worth around $2 billion, official data show. China bought three-quarters of Argentine beef exports, with buyers willing to pay a premium amid a shortage of pork.
Spam-maker Hormel Foods Corp is eliminating a growth drug banned by China from its hog supply, the company said on Tuesday, joining rivals that are seeking to increase meat sales to Chinese buyers grappling with a pork shortage. Hormel will not accept any hogs that have been fed or exposed to the drug ractopamine after April 1, the company said in a statement. Tyson Foods Inc and JBS USA said last year they would remove the drug from their supply chains.
Tyson Foods Inc. says it’s just starting to see the benefits of the African swine fever outbreak in China, which includes a 600% year-over-year increase in pork orders to China in the fiscal first quarter. The meat producer says it is moving toward a ractopamine-free hog supply, which should open additional markets for its pork products. “In fact, global demand for all proteins is increasing as African swine fever continues to reduce pork supplies in Asia,” said Noel White, chief executive officer, on the company’s earnings call last week.
Ships carrying refrigerated cargo containers of chicken from the United States to China are being diverted to ports in Hong Kong, South Korea, Taiwan and Vietnam due to the coronavirus outbreak, according to a U.S. poultry export trade group. The virus, which is causing havoc in the global container shipping trade, is keeping consumers and workers at home in China, delaying purchases at stores and restaurants and slowing the unloading of products at ports. Chinese ports have run out of space for refrigerated containers, which must be plugged into electrical outlets once they are offloaded to keep frozen meat and other food products cold, Jim Sumner, president of the USA Poultry & Egg Export Council, told Reuters on Thursday.
Valentine's Day is Friday and Benzinga has you covered on where to score novelty or free food. Free Or Discounted Food Restaurant Brands International Inc's (NYSE: QSR ) Burger King on Friday will exchange ...
Tyson Foods Inc. disclosed in a filing that it will cut about 500 jobs, mostly from its corporate offices in Springdale, Ark. and Chicago, as part of a restructuring that was approved in the the first fiscal quarter of 2020. The restructuring will result in a $44 million pretax charge, though the meat producer does not anticipate any future charges associated with the program. Tyson also expects savings of $55 million in fiscal 2020 and $65 million in 2021. Tyson reported fiscal first-quarter sales that missed expectations last Thursday, though the company does expect a bump from the African swine fever outbreak. Tyson stock is down 2% over the past three months, but up 36.5% for the past year. The S&P 500 index has gained 24% over the last 12 months.
Hain Celestial Group Inc (NASDAQ: HAIN) reported last week fiscal second-quarter results which show progress in management's plan to right-size itself. CEO Mark Schiller explained during the post-earnings conference call it has divested seven businesses and expects further asset sales to be completed in the future. On the production side of the food business, the company consolidated manufacturing sites, office locations, and shipping locations, the CEO also said.
It was a sweet deal when North Carolina landed Project Paris – identified as Sara Lee Frozen Bakery – for a 100-job expansion. Last month, Gov. Roy Cooper announced the producer of baked-goods, which divested from Tyson Foods into a standalone company in 2018, would be investing $19.8 million in its manufacturing center in Edgecombe County– a move expected to create 108 jobs. In exchange, the company was deemed eligible for a performance-based $500,000 One North Carolina Fund Grant.
Tyson Foods, Inc. (NYSE:TSN) just released its latest quarterly report and things are not looking great. Results look...
There are now 34,822 confirmed cases of coronavirus worldwide and at least 724 people have died, according to the latest figures from the World Health Organization (WHO).
Kellogg's (K) fourth-quarter 2019 earnings and sales reflect impacts from the divestiture of the company's cookies, fruit snacks, pie crusts and ice-cream cones businesses.
Buy Tyson Foods on weakness to its reversion to the mean at $70.32 and reduce holdings on strength to its 200-day simple moving average at $84.24.
Coronavirus is disrupting meat shipments to China as the country faces a shortage due to an outbreak of a fatal pig disease, Tyson Foods Inc and U.S. agricultural groups said on Thursday. An outbreak of African swine fever, which infects only pigs, has decimated China's herd, pushing Chinese pork prices to record highs and increasing the need for meat imports. The disruption exasperates Beijing's efforts to ensure adequate meat supplies and the plans of global companies like Tyson and JBS SA to profit from the shortage.
Tyson Foods (NYSE: TSN ) reported first-quarter earnings of $1.66 per share on Thursday, which beat the analyst consensus estimate of $1.65. This is a 5.06% increase over earnings of $1.58 per share from ...
Tyson (TSN) delivered earnings and revenue surprises of -2.35% and -2.70%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Tyson Foods, the world's second-largest food processor, said improved international market access will support 2020 earnings, but cautioned on near-term "challenges and volatility".