Tyson foods to buy AdvancePierre for $3.2 billion

CarMax Inc. (NYSE:KMX), stock is trading $69.11 above the 52-week high and has displayed a high EPS growth of 12.70% in last 5 years. At the time of its 2011 purchase by AdvancePierre, Barber Foods had 650 employees. Leading up to this report, we have seen a 19.91% rise in the stock price over the last 30 days and a 35.73% increase over the past 3 months.

AdvancePierre Foods continues to expand its reach in the value-added protein and sandwich market, both by growing capacity in its existing plants and continuing to pursue new acquisitions. It has ranged in price between $64.93-$65.78 after having started the session at $65.66 as compared to the previous trading day's close of $65.14.

NYSE:TSN) was up +0.38% ($0.25) to $65.39 and showed a volume of 2.43 mln shares. Company's distance from 20 day simple moving average is 3.79% and distance from 50-Day simple moving average is 3.59%. The stock stands almost -14.5% off versus the 52-week high and 18.23% away from the 52-week low.

AdvancePierre Foods Holdings (NASDAQ:APFH) last announced its quarterly earnings data on Thursday, March 9th. The business's revenue was up 6.0% compared to the same quarter previous year. The current consensus recommendation provided by covering analysts is 2.20. The share price was last seen 2.45% higher, reaching at $84.56 on April. 24, 2017. The shares were sold at an average price of $28.94, for a total transaction of $130,866.68. Buy rating has been given by 4 analysts to the company stock whereas 1 analyst given UNDERPERFORM rating to stock and 4 analysts given HOLD rating. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO George F. Jr. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in the stock. The fund bought 9,263 shares of the company's stock, valued at approximately $276,000. Finally, Champlain Investment Partners LLC boosted its stake in shares of AdvancePierre Foods Holdings by 488.3% in the fourth quarter.

Shares of AdvancePierre Foods Holdings Inc (NASDAQ:APFH) opened at 33.94 on Wednesday. If you are viewing this report on another site, it was stolen and republished in violation of US & global copyright & trademark law.

  • Salvatore Jensen