Todays Report: The Tyson Foods Inc. (TSN) Cut to Sell at Pivotal Research

The Tyson Foods Inc. (TSN) Cut to Sell at Pivotal Research

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.

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