Pivotal Research lowered shares of Tyson Foods Inc. (NYSE:TSN) from a buy rating to a sell rating in a research report report published on Friday morning. Pivotal Research currently has $40.00 price objective on the stock, down from their prior price objective of $100.00.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Tyson Foods from a hold rating to a buy rating and set a $83.00 price objective for the company in a research report on Tuesday, August 9th. Vetr cut Tyson Foods from a strong-buy rating to a buy rating and set a $69.00 price target for the company. in a research report on Wednesday, June 22nd. Jefferies Group boosted their price target on Tyson Foods from $78.00 to $80.00 and gave the stock a buy rating in a research report on Wednesday, July 27th. JPMorgan Chase & Co. reiterated a focus list rating on shares of Tyson Foods in a research report on Tuesday, October 4th. Finally, BMO Capital Markets reiterated a market perform rating and set a $77.00 price target on shares of Tyson Foods in a research report on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Tyson Foods currently has an average rating of Buy and an average target price of $68.42.
Shares of Tyson Foods (NYSE:TSN) opened at 71.38 on Friday. The company has a market capitalization of $27.27 billion, a P/E ratio of 17.35 and a beta of 0.26. Tyson Foods has a 52-week low of $42.89 and a 52-week high of $77.05. The stock’s 50 day moving average price is $74.47 and its 200 day moving average price is $69.21.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 8th. The company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.15. The business earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.32 billion. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. On average, equities research analysts forecast that Tyson Foods will post $4.53 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently 14.53%.
In other news, Director Robert C. Thurber sold 4,500 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $74.93, for a total value of $337,185.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Noel W. White sold 74,500 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $74.56, for a total value of $5,554,720.00. The disclosure for this sale can be found here. 2.69% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Washington Trust Bank raised its position in Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock valued at $107,000 after buying an additional 31 shares during the last quarter. Evercore Wealth Management LLC raised its position in Tyson Foods by 22.2% in the second quarter. Evercore Wealth Management LLC now owns 1,775 shares of the company’s stock valued at $119,000 after buying an additional 323 shares during the last quarter. Financial Architects Inc raised its position in Tyson Foods by 1,101.3% in the second quarter. Financial Architects Inc now owns 1,838 shares of the company’s stock valued at $122,000 after buying an additional 1,685 shares during the last quarter. IFP Advisors Inc raised its position in Tyson Foods by 22.6% in the first quarter. IFP Advisors Inc now owns 1,945 shares of the company’s stock valued at $130,000 after buying an additional 359 shares during the last quarter. Finally, Kernodle & Katon Asset Management Group LLC purchased a new position in Tyson Foods during the second quarter valued at about $156,000. 74.07% of the stock is currently owned by institutional investors and hedge funds.
Tyson Foods Company Profile