Outlook Intact for Tyson After Solid 3Q, Upbeat Fiscal 2018 Guidance; Shares Fairly Valued
We expect to lift our valuation for no-moat Tyson by around 5% after it posted solid third-quarter results and offered fiscal 2018 guidance that exceeds our expectations. After the planned uptick, we see the shares as fairly valued.Year to date, Tyson reported 1% sales growth and an 8.1% adjusted operating margin, near our 1% and 8.3% full-year marks. The firm indicated it expects around $41 billion in fiscal 2018 revenue, above our $39 billion target, with margins not far from fiscal 2017’s st...
Tyson Foods is a food company. The company's operations consist of breeding stock, contract farmers, feed production, processing, further-processing, marketing and transportation of chicken and related allied products, including animal and pet food ingredients. Through its wholly-owned subsidiary, Cobb-Vantress, Inc., the company is engaged as poultry breeding stock supplier. The company also processes live fed cattle and hogs and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, case-ready beef and pork and fully-cooked meats. The company produces a range of fresh, frozen and refrigerated food products. The company operates in Beef, Pork, Chicken and Prepared Foods segments.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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