How Much Has Tyson Foods’ Stock Gained This Year?
Will Tyson Foods Impress Investors with Its Fiscal 2Q16 Earnings?
How much has the stock gained?
Tyson Foods’ (TSN) stock has gained 16% since its 1Q16 earnings release on February 5. The stock rose 10% after a better-than-expected fiscal 1Q16. Tyson delivered higher earnings in its last quarter. Also, it raised its guidance for 2016. This benefited the stock.
The stock has risen at a faster rate in the past year due to positive earnings growth along with an increase in revenue and profits. The stock rose 33% in 2015. So far, it has increased 25% in 2016. The stock outperformed the Market represented by the S&P 500 Index by 23% as of May 5. It closed at $66.38 on May 5.
Peers’ stock performance
Among its peers in the meat industry, Tyson has gained the most. So far, Pilgrim’s Pride (PPC) has gained 20% in 2016. Sanderson Farms (SAFM) has gained 22%. So far, Hormel Foods (HRL) has fallen 2% in 2016 as of May 5. Hormel, Pilgrim’s Pride, and Sanderson Farms closed at $38.19, $26.3, and $91.49, respectively, on May 5.
The First Trust Consumer Staples AlphaDEX Fund (FXG) invests 5.1% of its holdings in Hormel Foods, 5.8% of its holdings in Tyson Foods, and 3.6% of its holdings in Pilgrim’s Pride. The SPDR S&P Dividend ETF (SDY) and the PowerShares DWA Momentum Portfolio (PDP) invest 0.75% and 1.1% of their portfolio in Hormel.
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