Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole was unchanged today. By the end of trading, Tyson Foods fell $0.62 (-2.1%) to $28.45 on heavy volume. Throughout the day, 6,123,156 shares of Tyson Foods exchanged hands as compared to its average daily volume of 3,770,700 shares. The stock ranged in price between $28.44-$29.16 after having opened the day at $29.01 as compared to the previous trading day's close of $29.07. Other companies within the Food & Beverage industry that declined today were:
), down 9.5%,
), down 3.1%,
), down 2.9% and
), down 2.8%.
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Tyson Foods, Inc., together with its subsidiaries, engages in the production, distribution, and marketing of chicken, beef, pork, prepared foods, and related allied products worldwide. It operates in four segments: Chicken, Beef, Pork, and Prepared Foods. Tyson Foods has a market cap of $8.3 billion and is part of the consumer goods sector. Shares are up 50.1% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Tyson Foods a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Tyson Foods Ratings Report.
On the positive front,
), up 11.1%,
), up 6.5%,
), up 5.9% and
), up 4.4% , were all gainers within the food & beverage industry with
) being today's featured food & beverage industry leader.
- Use our food & beverage section to find industry-relevant news.
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) while those bearish on the food & beverage industry could consider
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