In this file:
· Tyson Foods Price Target Increased to $50.00 by Analysts at BMO Capital Markets (TSN)
· Tyson Foods Given New $48.00 Price Target at KeyCorp (TSN)
· Cherokee city council discusses impact of Tyson closure
· NFU: The Tyson-Hillshire Merger Will Consume the Little Guy
Tyson Foods Price Target Increased to $50.00 by Analysts at BMO Capital Markets (TSN)
by Hanz Christensen - WatchList News
July 29th, 2014
Investment analysts at BMO Capital Markets hoisted their price target on shares of Tyson Foods (NYSE:TSN) from $43.00 to $50.00 in a note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 23.27% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Tyson Foods from $35.00 to $38.00 in a research note on Tuesday. They now have an “underperform” rating on the stock. Separately, analysts at KeyCorp raised their price target on shares of Tyson Foods from $46.00 to $48.00 in a research note on Tuesday. Finally, analysts at Macquarie initiated coverage on shares of Tyson Foods in a research note on Thursday, June 26th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $44.25.
Tyson Foods (NYSE:TSN) opened at 40.56 on Tuesday. Tyson Foods has a 1-year low of $27.08 and a 1-year high of $44.24. The stock has a 50-day moving average of $37.87 and a 200-day moving average of $39.2. The company has a market cap of $14.132 billion and a P/E ratio of 14.66...
Tyson Foods Given New $48.00 Price Target at KeyCorp (TSN)
by Mark Dietrich - WatchList News
July 29th, 2014
Stock analysts at KeyCorp increased their target price on shares of Tyson Foods (NYSE:TSN) from $46.00 to $48.00 in a report issued on Tuesday. KeyCorp’s target price suggests a potential upside of 18.34% from the company’s current price.
Shares of Tyson Foods (NYSE:TSN) opened at 40.56 on Tuesday. Tyson Foods has a 1-year low of $27.08 and a 1-year high of $44.24. The stock’s 50-day moving average is $37.87 and its 200-day moving average is $39.2. The company has a market cap of $14.132 billion and a P/E ratio of 14.66.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by $0.03. The company had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.47 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts expect that Tyson Foods will post $2.91 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TSN...
Cherokee city council discusses impact of Tyson closure
By Mark Freund, Multimedia Journalist, KTIV.com (IA)
Jul 29, 2014
CHEROKEE, Iowa (KTIV) - On September 27, the Tyson plant in Cherokee, Iowa will close, leaving almost 450 people out of a job.
But Tuesday in Cherokee, a special meeting was held to discuss what impact that closure will have on the city.
Cherokee city administrator Don Eikmeier says that the ripple effect of the closure will trickle all the way down to Main Street, noting that those employees that have been laid off will have less money to give to local merchants.
But another major impact on the city will come from the industrial water and waste water plant.
When Tyson closes, that plant will close with it.
But that plant employs seven people that also help run the municipal water plant.
There's a revenue steam of about $218,000 that covers those employees' salaries and fringe benefits. Tyson will pay that for the next 180 days.
But beyond that, the city will have to come up with a way to offset the cost of those employees - and that's not something that can be done very easily.
"It's not a simple equation of, well we lost 40 percent of our revenue so we can reduce our staff by that much," said Eikmeier. "We have safety laws and hazardous situations both at the waste-water field as well as the water field where we need to maintain a minimum number of employees."
One of the things that Tyson referenced as a factor in closing the plant was its age and the renovation of it not being cost effective.
But Eikmeier believes that the structure is actually in better shape than Tyson has said up to this point, saying it's an excellent facility.
As for the timeframe of getting a new manufacturer into the plant, he says it's anyone's guess how long that will take.
article, plus video
The Tyson-Hillshire Merger Will Consume the Little Guy
Roger Johnson, First elected National Farmers Union’s 14th president in 2009. Previously served as North Dakota Agriculture Commissioner.
via The Huffington Post - 07/29/2014
We are told time and again by multinational companies proposing mergers that consumers will benefit from better prices. But we've seen how well that concept works in the real world, as anyone who has flown lately, or purchased prescription medication, or felt the sting of "Too Big to Fail" banking, or dealt with a cable company can attest. Fewer choices don't translate into happy customers because bigger isn't necessarily better.
And according to a recent article by the Wall Street Journal, the business of monopolization is booming. This year alone, $2 trillion in global mergers have been announced, which is up 53 percent since last year and represents the most consolidation since 2007.
Now, fewer choices could be hitting your dinner plate. The Department of Justice (DOJ) is currently considering a massive marriage between the largest meat company in the nation, Tyson Foods and the 11th largest meat company, Hillshire Brands Co. While some Americans can avoid flying, purchasing prescription drugs or watching cable television, all of us eat. And if the DOJ approves this merger, it will defy common sense and send a clear signal that the federal government is turning its back on the little guy, who in this case is not only the American consumer, but beef and pork producers across the nation, as well.
The scale and scope of this merger will substantially reduce competition in the meat sector, which is already very concentrated. In fact, just four companies slaughter and process nearly 81 percent of the cattle nationally, and in the pork sector, the top four firms control 65 percent of hog sales.
For grocery shoppers, the proposed Tyson-Hillshire merger means Big Meat will now have even more control over prices. For America's family farmers and ranchers it means fewer buyers for their livestock. And because farmers are price takers, not price makers, they can expect their already tight margins to get squeezed even more, so that the large multinationals can maximize stock returns.
Think of the buying power the new company will have over the nation's hog farmers, who have over the years seen the number of buyers slowly dwindle. Tyson is already the second largest hog packer in the country, and Hillshire operates the second largest sow packing plant in the country as well as 10 meat-processing plants. And they built this dominance through deals just like this. Tyson, for example, has been part of numerous other deals since 2001 and has plucked the likes IBP, Inc., Garrett poultry, Washington Creamery, Franz Foods, Prospect Farms, Krispy Kitchens, Ocoma Foods, Cassady Broiler, Vantress Pedigree, Wilson Foods, Honeybear Foods, Mexican Original, and Heritage Valley to name a few.
Rural America is justifiably alarmed, with 82 leaders from agriculture, consumer and faith-based communities raising serious questions about the proposed merger. "The food and agribusiness sector is already excessively consolidated from seed to supermarket. This proposed merger comes after a year of intense acquisition activity in the food and agriculture sector, amounting to a growing wave of substantial mergers that threaten to accelerate the food industry's tight control of this extremely concentrated sector of the economy," they noted in a recent letter to the DOJ.
The fear of a handful of companies -- in this case, the Meat Barons -- having too much sway over the marketplace, and thus consumers and farmers, isn't something new. In fact, Section 7 of the Clayton Act, which was passed over 100 years ago, was signed into law to prevent a merger that would "substantially lessen competition, or tend to create a monopoly." In other words, the Tyson-Hillshire deal.
Interestingly, the same rash of monopolistic power grabs that led to this law a century ago, also led to the founding of the National Farmers Union. And we've been busy ever since fighting the uphill battle against dangerous consolidation in everything from equipment and seed to basic rural infrastructure service.
Over the decades, we've heard the same tired propaganda: That consolidation helps everyone. But a century of broken promises and a little common-sense tells us differently. Mergers help the big get bigger and leave the small guys helpless to their whims. The DOJ needs to say no to this latest power grab.
Roger Johnson is president of the National Farmers Union.