77.99 +0.23 (0.30%)
After hours: 6:52PM EDT
|Bid||75.32 x 800|
|Ask||77.77 x 800|
|Day's Range||75.69 - 77.84|
|52 Week Range||49.77 - 84.30|
|Beta (3Y Monthly)||0.59|
|PE Ratio (TTM)||13.89|
|Forward Dividend & Yield||1.50 (1.94%)|
|1y Target Est||N/A|
Tyson announcing it's planning to launch plant-based nuggets later this summer. This as Yum Brands Inc's KFC is looking to tap into the popularity of plant-based protein foods by rolling out a vegan version of its classic chicken burger at some outlets in the UK. Yahoo Finance's Seana Smith and Brian Cheung discuss.
The meatless madness continues, and this time Tyson Foods wants to cash in. It plans to debut several new plant based products at major retailers later this summer. Yahoo Finance's Julie Hyman, Adam Shapiro, Dan Roberts and NYU Stern's Scott Galloway discuss.
Investors want another helping of Beyond Meat Inc. stock, with shares up another 12.6% in Wednesday trading, but the competition in the plant-based and meat-alternative categories could take a bite out Beyond Meat’s stratospheric growth.
Sara Lee, an iconic bakery brand in the realm of Chicago food companies, is ramping up research and development in an apparent effort to make the company once again a brand with widespread appeal and a higher profile than it has had in recent years. Sara Lee next week will open a 10,000-square-foot R&D center and test kitchen in the company’s new headquarters in west suburban Oakbrook Terrace, Illinois.
Shares of Beyond Meat Inc. shot above the $200 mark for the first time in early trading Tuesday, before paring some gains, as the maker of plant-based meat alternative extended its rocket ride since going public about seven weeks ago. The stock was up as much as 19% at its intraday high of $201.88, but was recently up 9.7% at $186.47, which was more than 7-times the $25 IPO price, as bearish investors have been forced to flee despite some concerns over competition. Last week, Tyson Foods Inc. unveiled its first alternative-meat products. The stock's rally comes as the Renaissance IPO ETF has gained 4.6% over the past three months and the S&P 500 has tacked on 3.0%.
Tyson Foods Inc NYSE:TSNView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for TSN with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting TSN. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding TSN are favorable, with net inflows of $10.55 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. TSN credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
(Bloomberg) -- Beyond Meat Inc. shares closed at their highest price yet as short sellers felt the burn to the tune of half a billion dollars.The shares rose 12% to $169.96 on Monday, extending a rally that has added almost 600% to the stock price since its initial public offering last month. That has cost short sellers $560 million in mark-to-market losses since the IPO, including $97.5 million in this session alone, said Ihor Dusaniwsky, managing director of predictive analytics at financial analytics firm S3 Partners. Bearish bets in the faux meat company are at $799 million with 5.3 million shares shorted, according to S3 data.“We are still not seeing any short covering in size today, as any shorts exiting their positions are being replaced by new shorts,” Dusaniwsky wrote. “Prime brokers are recycling the stock borrows they have on their books -- just the names of the short sellers are changing.”Makers of real meat, like Tyson Foods Inc. and Pilgrim’s Pride Corp., are also getting burned as summer barbecue season gets underway this week and Beyond Meat kicks off sales of its “Beyond Beef” plant product meant that’s meant to look like ground beef.Tyson shares slipped 4.1% while Pilgrim’s Pride fell 3.8%. Sanderson Farms Inc. tumbled 7.5% in its biggest drop in 18 months.With its own veggie burger in the works, Tyson has been the lone outperformer among so-called “protein” names since Beyond’s IPO on May 1. Tyson shares are up 5% since then, even as concerns over feed costs weigh on chicken producers.(Adds close of trading starting in first paragraph, S3 comment in third.)\--With assistance from Lydia Mulvany, James Attwood, Bailey Lipschultz and Catherine Larkin.To contact the reporters on this story: Cristin Flanagan in New York at email@example.com;Janet Freund in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Morwenna Coniam, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
All eyes are on the US Federal Reserve right now. On Wednesday, the Fed will reveal whether it decides to slash interest rates or keep them steady at 2.25% - 2.50%. Ahead of the announcement, the general consensus is that the Fed will keep rates steady but set the groundwork for cuts when it next meets in July. “The markets are set up for a cut in July, and if they don’t get it, financial conditions will tighten” Carl Tannenbaum, chief economist at Northern Trust, told Reuters.So how should investors prepare their portfolios going forward? Goldman Sachs has some advice. “If the Fed does cut rates, the S&P 500 usually rallies afterward, with health care and consumer staples outperforming and information technology consistently lagging,” Goldman's chief U.S. equity strategist David Kostin said. The “communication services sector has generated the best relative returns and hit rate of outperformance during the subsequent 3 months (+4 pp, 100%), but has underperformed over a 12-month horizon.”Here we take a closer look at three stocks that fit into these two categories, with 2 healthcare stocks and 1 consumer staples stock. What’s more, all three of these stocks show a ‘Strong Buy’ Street consensus. That’s based on all ratings received over the last three months. Let’s take a closer look at why analysts are so bullish on these stocks now: 1\. Boston Scientific (BSX)Boston Scientific manufactures medical devices used in interventional medical specialties, including everything from needles to pacemakers. Shares are up 14% year-to-date, and over 80% on a three-year basis. Right now, the company is gearing up for its investor day on June 26. This is the first event since 2017- and expectations are high that BSX met or exceeded all of the 2017 and 2018 financial targets. Needham analyst Mike Matson is confident that BSX can sustain high single digit growth over the next few years, and expects it to target organic revenue growth of 7-9% from 2019 to 2022 at the event. “Given BSX’s strong fundamentals (durable high single digit revenue growth, diversified product portfolio, margin expansion potential, etc.), we believe there is potential for upside to consensus estimates and additional multiple expansion and we reiterate our Strong Buy rating” writes Matson. He reiterated his BSX ‘Buy’ rating on June 14 with a $46 price target (14% upside potential). As we can see here the stock has received 9 recent buy ratings and 1 hold rating:View BSX Price Target & Analyst Ratings Detail 2\. Medtronic (MDT)Ireland-based Medtronic is one of the world’s largest medical device makers. Although the company manufactures a wide range of products, most of the hype right now is centered on the MazorX robotic platform. Medtronic snapped up Mazor Robotics for $1.7 billion late last year, and the two companies have now developed the MazorX Stealth Edition robotic guidance platform. The power of the platform is a preoperative planning suite with 3D analytics and tools, which allows surgeons to optimize the surgical process in advance. “Part of MDT’s revenue acceleration thesis depends on the success of MazorX in driving spine share gains” writes Evercore ISI analyst Vijay Kumar. He recently reiterated his Medtronic Buy rating with a $108 price target. “We think MDT’s view of ‘several hundred bps of share gains’ in spine remains a credible thesis given early trends we are seeing. Extrapolating these to general surgery (~80% systems placed for committed implant / consumable volume) lends further credence to why we think robotic surgery could be a big deal for MDT” writes Kumar. The analyst concludes: “We think MDT is the perfect stock for a choppy environment, and should be a core holding given this revenue reacceleration thesis.” That’s alongside Wells Fargo analyst Larry Biegelsen upgrading Medtronic from Hold to Buy with a $110 price target. The analyst comments "We believe MDT is an accelerating growth story trading at a steep discount to its peers."Overall 7 analysts have published buy ratings on MDT in the last three months, with just 2 analysts staying sidelined.View MDT Price Target & Analyst Ratings Detail 3\. Tyson Foods (TSN)While many investors are pouring money into Beyond Foods, it’s also worth taking a closer look at Tyson Foods. This is the world's second largest processor and marketer of chicken, beef, and pork. However the company has also recently branched out into plant-based meat alternatives, including chicken nuggets and patties. Shares have rocketed with a 53% gain so far year-to-date. Boosting prices further was a rating upgrade from Argus Research’s John Staszak. He has a $92 price target on TSN (12% upside potential).Staszak cited a “growing demand for proteins" and notes that Tyson's beef division is experiencing "especially strong demand". Plus the company is working hard to increase prepared foods sales to satisfy the "steady demand and strong margins." And to top of it, Tyson trades at a multiple of just 12.8-times forward earnings, which is below the average large-cap food processor multiple of 18.4-times. It’s also easily towards the low end of Tyson’s own historical 9- to 19-times range. The stock boasts 7 recent bullish calls, with only 1 analyst publishing a Sell rating (Pivotal Research's Timothy Ramey). View TSN Price Target & Analyst Ratings Detail Discover stock ideas from the Street’s best performing analysts here
Perdue Foods, one of America's largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower, chickpeas and plant protein to address a growing demand for products combining meat and vegetables. A company executive on Friday said more blended products were in the pipeline, with Perdue aiming for its vegetable-enhanced items to become a $100 million segment within five years, making up around 5% of the company's overall business. "Consumers have told us the vegetarian lifestyle is too hard, but they're looking for ways to introduce more vegetables into their diet," Eric Christianson, Perdue's chief marketing officer, said in an interview on Friday.
Campbell Soup Company (NYCE: CPB) will launch a "plant-based cooking platform" that will offer plant-based products for cooking purposes, according to CNBC . Campbell Soup is looking to reinvent ...
Can Tyson straddle the worlds of real animal food and plant-based versions or is it not in the company's DNA? Can a little, loss-making outfit, loss-making like Beyond Meat, tussle with the immensely profitable Tyson and have any hope of surviving? Management, led by the incredibly strong Ethan Brown, spent 10 years developing the ideal plant-based burger and he's willing to put his burger to the taste test against any and all offerings.
The Dow Jones Industrial Average ended higher Thursday even as reports of attacks on two oil tankers sent oil prices soaring. Lululemon Athletica is Real Money's Stock of the Day. shares heated up after the meat and poultry producer said it was set to release its first set of plant-based protein meat-like products.
Earlier today, Tyson Foods announced the launch of its first foray into themeat replacement market with the unveiling of its Raised & Rooted brand
It started as a chicken delivery service and today it is stepping into the plant-protein meat craze! Watch the video timeline.
Chinese consumers eat nearly three times the world average of pork per year and outpace U.S. consumers by about 25% in terms of pork consumption annually, according to data from the Organisation for Economic Co-operation and Development data. The growth in protein consumption overall, led by pork, has been a stable trend in the region for some time as a growing middle class has increased its appetite for meat.
Shares of Beyond Meat Inc (NASDAQ: BYND ) traded lower Thursday after Tyson Foods, Inc. (NYSE: TSN ) announced a competing plant-based food product. The Analyst Credit Suisse's Robert Moskow maintained a ...