Shares of Tyson Foods, Inc. (NYSE:TSN) ended Thursday session in red amid volatile trading. The shares closed down -0.58 points or -0.77% at $74.70 with 298.00 million shares getting traded. Post opening the session at $75.02 the shares hit an intraday low of $74.51 and an intraday high of $75.14 and the price vacillated in this range throughout the day. The company has a market cap of $27.16 billion and the numbers of outstanding shares have been calculated to be 298.00 million shares.
On Sept. 08, 2016 Executives from Tyson Foods, Inc. (TSN) told investors at the Barclays Global Consumer Staples Conference that the company is producing higher, more stable earnings and sales volume growth.
“As stated on our last earnings call, our adjusted earnings guidance for fiscal 2016 of $4.40-4.50 per share is 40 percent more than last year and represents a four-year compound annual growth rate of approximately 22 percent, and we’re confident we can achieve high single digit growth in fiscal 2017,” said Donnie Smith, Tyson Foods’ chief executive officer.
Tyson Foods is returning cash to shareholders through increasing dividends and share repurchases totaling 31 million shares in the previous 12 months through Aug. 8, Smith said. “Beyond dividends and share buybacks, we’ll use our substantial cash flows to invest in our business or make strategic acquisitions,” he said.
Tyson’s “Core 9” product lines, which feature the Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells® and State Fair® brands, are growing and gaining momentum, according to Tom Hayes, Tyson Foods’ president.
Shares of Mondelez International Inc (NASDAQ:MDLZ) ended Thursday session in green amid volatile trading. The shares closed up +0.04 points or 0.09% at $43.64 with 1.56 billion shares getting traded. Post opening the session at $43.99 the shares hit an intraday low of $43.45 and an intraday high of $43.99 and the price vacillated in this range throughout the day. The company has a market cap of $66.63 billion and the numbers of outstanding shares have been calculated to be 1.56 billion shares.
Mondelez International Inc (MDLZ) on Sept. 07, 2016 outlined its compelling total return framework, including significant ongoing progress reducing costs and expanding Adjusted Operating Income margin. The company also updated investors on its strategies to accelerate growth, including a major foray into both the mainstream and premium segments of the U.S. chocolate category with its Oreo and Green & Blacks brands.
“Our advantaged platform positions us as one of the few industry players with the assets and ambition to deliver strong, sustainable growth on both the top and bottom lines, while we also return significant cash to our shareholders,” said Brian Gladden, Executive Vice President and Chief Financial Officer. Since the launch of the company in October 2012, Mondelēz International has delivered total shareholder return of 72 percent, which has outpaced both the S&P 500 and its consumer staples peers.
Continuing to Expand Adjusted Margins and Improving Cash Flow
Gladden underscored several of the company’s recent achievements, including increasing marketing support behind Power Brands, improving net productivity to world-class levels and significantly reducing overheads, thanks to zero-based budgeting and the expansion of a global shared services capability.
Mondelēz International has expanded Adjusted Operating Income margin by more than 450 basis points since 2013, while delivering Adjusted EPS growth at constant currency of more than 17 percent a year. Building on this momentum, the company continues to target Adjusted Operating Income margin of 15-16 percent in 2016 and 17-18 percent in 2018.
“Cash flow generation will increasingly be a strength,” Gladden said. “With expanding margins, lower capital expenditures, strong working capital performance and declining restructuring spend, we’re on track to deliver Free Cash Flow of at least $1.4 billion in 2016, and we expect to double that number in 2018.”