TSN - Tyson Foods, Inc.

NYSE - NYSE Delayed Price. Currency in USD
87.97
+0.46 (+0.53%)
At close: 4:00PM EST
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Previous Close87.51
Open87.29
Bid88.10 x 1100
Ask88.40 x 1100
Day's Range86.66 - 88.81
52 Week Range49.77 - 94.11
Volume2224129
Avg. Volume2,324,174
Market Cap32B
Beta (5Y Monthly)0.43
PE Ratio (TTM)15.94
EPS (TTM)5.52
Earnings DateFeb 5, 2020 - Feb 10, 2020
Forward Dividend & Yield1.68 (1.92%)
Ex-Dividend Date2020-02-27
1y Target Est98.38
  • Macon-Bibb County industrial sector soars
    American City Business Journals

    Macon-Bibb County industrial sector soars

    Industrial development in Macon-Bibb County has earned the region more than $1.8 billion. This is the amount of the “symbolic” check the Macon-Bibb County Industrial Authority (MBCIA) presented to Macon mayor Robert Reichert in May, which represents the business deals closed in recent years. In July 2012, voters in Macon and Bibb County approved a consolidation between the city and county governments.

  • Steak ta-ta? We need to reach ‘peak meat’ in 10 years to combat climate change
    MarketWatch

    Steak ta-ta? We need to reach ‘peak meat’ in 10 years to combat climate change

    The globe needs to reach “peak meat” within the next 10 years — opting for the increasingly popular, if less-than-healthful, meat alternatives or choosing more beans and vegetables — to combat the effects of man-made climate change, scientists have warned.

  • Tyson (TSN) Down 0.4% Since Last Earnings Report: Can It Rebound?
    Zacks

    Tyson (TSN) Down 0.4% Since Last Earnings Report: Can It Rebound?

    Tyson (TSN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Trump Tax Break’s Hidden Frenzy: Corporate Giants are Rushing In
    Bloomberg

    Trump Tax Break’s Hidden Frenzy: Corporate Giants are Rushing In

    (Bloomberg) -- There wouldn’t be much of an economy in Center, Texas, without Tyson Foods Inc. The company has a sprawling chicken-processing plant in town and employs about 1,600 people in a city of just over 5,000 near the Louisiana border.So, when Tyson signaled two years ago that it wanted to build a $50 million feed mill, Center’s economic development director, Jim Gibson, was eager to find a location and suggest tax abatements.Before long, Tyson keyed in on a new benefit: a tax break signed into law by President Donald Trump, aimed at luring new investments to thousands of low-income areas across the country dubbed “opportunity zones.” Center and most of the surrounding area sat squarely in one.“One of the people from Tyson said, ‘I think we’re going to make a run at doing these,’” Gibson recalled.That was in private. Tyson—the country’s biggest meat processor, with roughly $40 billion in annual revenue—announced its plans for the feed mill in February as it began to seek a separate local tax abatement. News reports and minutes from two county meetings where the project was addressed make no mention of opportunity zones.The company wasn’t required to say anything publicly about its plans to use the federal subsidy. But like scores of businesses and investors in recent months, Tyson left a faint paper trail. It beat a path to Delaware—where more than two-thirds of Fortune 500 companies have a legal home—to lay the groundwork for claiming one of the most controversial and generous benefits in Trump’s 2017 tax overhaul. Once heralded as a novel way to help distressed parts of the U.S., opportunity zones are now being slammed as a government boondoggle. The perks are being used to juice investments in luxury developments from Florida to Oregon. And several reports have shown how politically connected investors influenced the selection of zones to benefit themselves. While Tyson’s feed mill fits more squarely with what lawmakers intended, it still highlights the lack of comprehensive data on who’s claiming the benefits. Congress is now calling for changes to the legislation to boost transparency. In the meantime, supporters can point to anecdotal evidence that the benefits are spurring development in areas that really need it, and detractors can cite examples of waste. An analysis of almost 400,000 Delaware Division of Corporations records since the start of 2018 provides a fresh glimpse into what’s going on. After starting slowly last year—as states selected zones and the U.S. Treasury Department wrote regulations—the number of filings referencing opportunity zones accelerated dramatically. There were at least 356 entities containing acronyms or phrases associated with the tax breaks in June alone, and more than 1,800 through the end of September.Real estate investors and developers, a group that gravitated to the tax breaks early, make up a big portion of the list. But the records show that the appeal is broader, extending to previously unreported efforts by Tyson, AT&T Inc. and NextEra Energy Inc. Billionaire hedge fund managers Steve Cohen and Bill Ackman have also made filings.Tyson said it weighs a variety of factors when looking to expand, including the availability of workers and infrastructure. Government incentives often play a role, too, and were part of the equation for the new feed mill, said Derek Burleson, a spokesman for the Springdale, Arkansas-based company.“Opportunity zones were created to help spur private development in economically challenged areas, and we believe this project will do just that,” Burleson said in an email. “We see this as a significant investment in the community that will create new jobs with great benefits and make a positive impact on the local economy.”A spokeswoman for AT&T, which changed the names of two entities after an inquiry from Bloomberg News in July, scrubbing references to opportunity zones, said the company is evaluating programs to invest in the areas. NextEra, the world’s largest utility company by market value, declined to comment, as did spokesmen for Ackman and Cohen.The filings underscore the lack of transparency surrounding a federal subsidy that could cost billions of dollars, said Brett Theodos, a senior researcher at the Urban Institute who has studied opportunity zones. And it shows why the government should gather more information both about individual projects and the impact on communities as a whole. “These are the exact types of investments that we will never learn about, absent more disclosure,” said Theodos. “We should know how the government is spending our money, and it shouldn’t fall to investigative journalists to figure this out.”That there’s any record owes in part to jargon Congress used when drafting the law. Taxpayers who want to claim the benefits must hold their investments in a “qualified opportunity fund,” a corporation or partnership that has most of its assets in “qualified opportunity zone” property.Lawyers often use shorthand such as QOF or QOZ in naming the entities, even though it’s not required, said Jessica Millett, head of the tax practice at Duval & Stachenfeld LLP in New York who has structured dozens of opportunity zone deals.“It just helps you remember what’s what,” she said, adding that Delaware was probably seeing a large share of the filings because of its longstanding reputation for being business-friendly.Even so, the filings are just clues to what’s going on, often giving little more than a name and date of formation. Many entities have names that are too generic or opaque to scrutinize, such as SM QOZB 3 LLC, created in September. Owners couldn’t be identified in such cases. Among those that can be are prominent developers or their projects. More than four dozen entities are tied to Starwood Capital Group, Brookfield Asset Management or RXR Realty, which are raising hundreds of millions of dollars to build in the zones.Socially minded investors are also represented, including a $200 million effort from retired Tennessee Titans linebacker Derrick Morgan’s firm and Activated Capital, and another called Arctaris Impact, which has pledged to report publicly on its investments and pursue projects that benefit poor communities.But, so too, are entities that likely stretch what lawmakers intended for the tax breaks. In July, someone used the Corporation Trust Co., a registered agent that handles many Delaware filings and can help obscure the identities of filers, to create a business called QOZ ART STORAGE QOF 2019, LLC.Creating the companies or partnerships is no guarantee that a taxpayer will claim the incentives. Both Cohen and Ackman formed entities in June that were intended to allow them to invest in the zones, but neither has done so yet, according to people familiar with the filings who asked not to be identified discussing the hedge fund managers’ plans.Just because investors and corporations aren’t broadcasting their plans doesn’t mean they’re doing something untoward, said John Lettieri, chief executive officer of the Economic Innovation Group, a Washington nonprofit that helped conceive of and promote opportunity zones. Companies often hold back information for competitive reasons, he added, and sometimes even philanthropic efforts are undertaken anonymously.“On its face, it doesn’t concern me,” Lettieri said. “When you make a charitable contribution, you can choose to get your name plastered on a building or choose not to.” Even so, he added, the government needs to be gathering more information about investments in the zones so that it can better evaluate whether the incentives are effective.In October, the Treasury Department and the Internal Revenue Service released new forms that will require funds to say in which opportunity zones they have property and declare the value of those assets. Treasury Secretary Steven Mnuchin called it an “important step toward a thorough evaluation” of the incentives.But researchers were quick to point out the shortcomings of the forms, which won’t provide information such as the types of projects being funded or their precise locations. And because the disclosure is part of a tax return, the data may never be made public, said Samantha Jacoby, a senior tax law analyst at the Center on Budget and Policy Priorities.Both Democrats and Republicans in Congress are advancing measures to gather more information. Among them is a bill introduced last month by Oregon Democratic Senator Ron Wyden that would bar certain kinds of investments, including stadiums, and require funds to file detailed public reports each year.More transparency would allow the public to determine whether the incentives actually work as intended and discourage bad actors, Wyden said.“This is kind of Sunshine 101,” he added. “What I keep coming back to is: Are the investment dollars largely benefiting those who are well-off in affluent communities? Or are they to support new projects in truly low-income communities?”Center is the kind of place that could use the money. The poverty rate hovers around 30% in the Census tract where it sits, making it a shoo-in for the opportunity zone designation. But investors haven’t exactly been beating down the doors.“It’s just not the happening spot in Texas right now,” said Gibson, the economic development director.The community lacks the skilled workforce that attracts businesses and real estate development to bigger cities, he said, adding that he couldn’t think of an opportunity zone project in the area, other than the Tyson feed mill.Construction of the facility on a site outside town and adjacent to a rail line has already begun, according to Gibson. When it opens in 2021, it will churn out chicken feed for nearby poultry farms. About 40 people will work there, with an annual payroll of about $3 million.In addition to the opportunity zone benefits, Tyson is getting a five-year break on its county taxes for the mill. But the company decided to forgo another program that would have allowed it to cut payments to the local school district, Gibson said.“It’ll be really good for the schools,” Gibson said. But, in the end, the number of jobs is pretty minimal, compared with the size of the investment, he added. “It’s not one of those transformational game-changers.”—With assistance from David Ingold, Scott Moritz, Miles Weiss and Dave Merrill.  To contact the author of this story: Noah Buhayar in Seattle at nbuhayar@bloomberg.netTo contact the editor responsible for this story: Craig Giammona at cgiammona@bloomberg.net, Robert FriedmanDavid ScheerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Beyond Meat might not be the only plant-based burger McDonald’s uses if it launches in the U.S.
    MarketWatch

    Beyond Meat might not be the only plant-based burger McDonald’s uses if it launches in the U.S.

    UBS analysts say there’s a good chance that Beyond Meat won’t be McDonald’s only plant-based meat source if it launches the P.L.T. in the U.S.

  • GuruFocus.com

    Beyond Meat: Analysts Have Little Left to Chew On

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  • Barrons.com

    Beyond Meat Has a Path to $1 Billion in Restaurant Sales. That Isn’t Enough for Wall Street.

    Restaurant sales are growing fast because restaurants are eager to offer plant-based meat, but analysts are still concerned about the company’s high valuation.

  • Tyson Foods' Subsidiary Inks Deal to Expand in Kazakhstan
    Zacks

    Tyson Foods' Subsidiary Inks Deal to Expand in Kazakhstan

    Tyson Foods' (TSN) Tyson Fresh Meats inks deal with Kazakhstan government and Kusto Group for a modern beef processing plant.

  • GlobeNewswire

    Tyson Looks to Expand Beef Operations Internationally

    Tyson Fresh Meats, Inc., the beef and pork subsidiary of Tyson Foods, Inc. (TSN), today signed an agreement with the Republic of Kazakhstan and private holding company Kusto Group to collaborate on a project that, in its initial phase could lead to the construction of a modern beef processing plant in Kazakhstan, with an anticipated harvest capacity of 2,000 head per day. Kazakhstan is the ninth largest country in the world by geographic area and has identified the livestock and the multi-protein export industry as a key growth market. The agreement with Tyson and Kusto Group is part of a broader initiative by the Kazakhstan government to expand and modernize agriculture, beginning with meat production.

  • Financial Times

    Tyson Foods signs deal for beef plant in Kazakhstan

    Tyson Foods has revealed plans to build a beef plant in Kazakhstan, giving the largest US meat company better access to booming markets nearby in China and other areas of Asia. An agreement signed on Monday to collaborate with the government of Kazakhstan is part of the country’s efforts to raise a global livestock industry on its grassy steppe. Tyson hopes to boost its international business, which accounts for 3 per cent of its $42.4bn in annual revenue.

  • Urbem's 'Wonderful Business' Series: Armanino Foods of Distinction
    GuruFocus.com

    Urbem's 'Wonderful Business' Series: Armanino Foods of Distinction

    A food-niche hidden gem Continue reading...

  • Beyond Meat Strikes Costco Deal: Should Investors Buy BYND Stock?
    Zacks

    Beyond Meat Strikes Costco Deal: Should Investors Buy BYND Stock?

    Beyond Meat (BYND) announced Thursday that its plant-based burger patties would appear in select Costco (COST) stores.

  • Barrons.com

    Beyond Meat Stock Takes a Hit as Yet Another Analyst Won’t Recommend It

    Oppenheimer’s Rupesh Parikh likes the Beyond Meat Brand but can’t get over the stock’s high valuation. That mirrors the majority of Wall Street opinion.

  • GlobeNewswire

    Tyson Foods Surpasses $50 Million Hunger Relief Goal

    In 2015, Tyson Foods pledged $50 million in cash and product donations by 2020 to fight hunger and is proud to announce it has exceeded that goal early by contributing more than $60 million for hunger relief in just four years. The company’s contributions consist of hunger relief grants to nonprofit organizations and more than 5 million pounds of protein donated to food banks, community pantries and disaster relief efforts. The company is also honoring 21 Homegrown Hunger Heroes that were nominated by Tyson Foods team members.

  • Tyson Foods (TSN) Surges YTD Buoyed by Solid Protein Demand
    Zacks

    Tyson Foods (TSN) Surges YTD Buoyed by Solid Protein Demand

    Tyson Foods (TSN) is focused on enhancing portfolio to cater to the rising demand for protein-packed products. Also, its Financial Fitness Program bodes well.

  • Hormel Foods Up on Refrigerated Foods Unit, Cost Woes Linger
    Zacks

    Hormel Foods Up on Refrigerated Foods Unit, Cost Woes Linger

    Hormel Foods' (HRL) Refrigerated Foods unit has been aiding performance for a while now. However, global trade uncertainty and the African swine fever are leading to input cost inflation.

  • Hedge Funds Have Never Been This Bullish On Tyson Foods, Inc. (TSN)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Tyson Foods, Inc. (TSN)

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 752 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

  • FEATURE-Many Americans' Thanksgiving dream: a faux turkey in every pot
    Reuters

    FEATURE-Many Americans' Thanksgiving dream: a faux turkey in every pot

    When American vegetarians, pescetarians and flexitarians sit down at the Thanksgiving table this week, there's one thing many agree they would be thankful for: a tasty, plant-based alternative to turkey. Wildly popular for their taste and texture, Impossible Burger, Beyond Burger and other plant-based alternatives have revolutionized the fake meat market, and now account for about 5 percent of U.S. meat purchases. "I'd love to see an Impossible turkey by next Thanksgiving," said Cordia Popp, 42, a vegetarian and stay-at-home mother of two who lives in upstate New York.

  • Tyson Foods, Inc. (NYSE:TSN) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
    Simply Wall St.

    Tyson Foods, Inc. (NYSE:TSN) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

    Readers hoping to buy Tyson Foods, Inc. (NYSE:TSN) for its dividend will need to make their move shortly, as the stock...

  • Top Consumer Staples Stocks for December 2019
    Investopedia

    Top Consumer Staples Stocks for December 2019

    These are the consumer staples stocks with the best value, fastest growth, and most momentum for December.

  • The Zacks Analyst Blog Highlights: Beyond Meat, Conagra Brands, Tyson Foods and Kellogg
    Zacks

    The Zacks Analyst Blog Highlights: Beyond Meat, Conagra Brands, Tyson Foods and Kellogg

    The Zacks Analyst Blog Highlights: Beyond Meat, Conagra Brands, Tyson Foods and Kellogg

  • Moody's

    Tyson Foods, Inc. -- Moody's announces completion of a periodic review of ratings of Tyson Foods, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Tyson Foods, Inc. New York, November 21, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Tyson Foods, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Meatless Meat Going Mainstream: 4 Stocks Worth Tracking
    Zacks

    Meatless Meat Going Mainstream: 4 Stocks Worth Tracking

    The imitation meat segment is now designed to target broader audiences, both vegetarians and non-vegetarians, contrary to earlier times when only vegetarians were targeted.

  • What the Burger King Lawsuit Means for Fake Meat Producers
    Zacks

    What the Burger King Lawsuit Means for Fake Meat Producers

    Change is the name of the game today.

  • Steven Cohen's Top 5 Buys in the 3rd Quarter
    GuruFocus.com

    Steven Cohen's Top 5 Buys in the 3rd Quarter

    Billionaire investor’s top buy is casino resort operator MGM Continue reading...