Dow Jones Industrial Average 22.773.67 (Up) Week ending 10-06-2017
S & P 500 2549.33
Greetings all. I have been searching for awhile for a Food and Beverage stock that I could buy at a reasonable price that was a good value. Nothing on the Beverage side, (maybe Molson Coors Brewing, symbol TAP, being about the cheapest), but I did come up with one on the Food side. Tyson Foods, Inc. (Symbol TSN, $70.66) which I always thought of as a "Chicken" company, just knocked the ball out of the park with a big gain in "Beef" sales. These two categories along with "Pork" and " Prepared Foods" make up the 4 divisions of Tyson Foods, Inc.
Tyson sports a great Return on Equity of 18.10% and a nice low PEG Ratio of 1.16. The stock is 92.10 percent institutionally owned.
On the earnings side they earned $4.75 per share in the trailing 12 months and are forecast to earn $5.52 per share for next year. That is a forward projected PE of 12.80.
The stock trades at a Price to Sales of 0.69 and a price to current book value of 2.56, very reasonable for a stock in this sector.
The company employs 114,000 people worldwide so I like that. In the last 12 months there were 72 Insider buys to just 25 Sells. In 2016 the company generated $2.02 Billion in Free Cash Flow.
Analyst are 8 Buy, 1 Overweight, and 5 Hold on the stock. Truth be told , I had actually picked up the stock at $66.00 and I am finally getting a chance to write about it.
IBD Composite rating on the stock is 82, and the other rankings are 77 earnings, 70 RS rating and A sector and B+ Accumulation/Distribution.
Tyson owns many well known brands here as you can see above. The stock is up YTD 14.56% and it pays a 1.27% dividend, so a very nice total return so far with plenty of upside headroom for the stock to move. I would put a target price on it of $95.00 and say you are good to buy it here or on a market dip.
I hope that your month of October is going well so far. Things are very well here in Pennsylvania, USA.
Happy Columbus Day.
Have a great week and eat lots of "Beef" from Tyson Foods, Inc.
Freewilly
S & P 500 2549.33
On the earnings side they earned $4.75 per share in the trailing 12 months and are forecast to earn $5.52 per share for next year. That is a forward projected PE of 12.80.
The stock trades at a Price to Sales of 0.69 and a price to current book value of 2.56, very reasonable for a stock in this sector.
Analyst are 8 Buy, 1 Overweight, and 5 Hold on the stock. Truth be told , I had actually picked up the stock at $66.00 and I am finally getting a chance to write about it.
IBD Composite rating on the stock is 82, and the other rankings are 77 earnings, 70 RS rating and A sector and B+ Accumulation/Distribution.
Tyson owns many well known brands here as you can see above. The stock is up YTD 14.56% and it pays a 1.27% dividend, so a very nice total return so far with plenty of upside headroom for the stock to move. I would put a target price on it of $95.00 and say you are good to buy it here or on a market dip.
I hope that your month of October is going well so far. Things are very well here in Pennsylvania, USA.
Happy Columbus Day.
Have a great week and eat lots of "Beef" from Tyson Foods, Inc.
Freewilly
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