Tyson Foods Inc. (NYSE:TSN) was upgraded by investment analysts at Vetr from a “hold” rating to a “strong-buy” rating in a research note issued on Monday. The brokerage currently has a $67.75 price target on the stock. Vetr‘s price target indicates a potential upside of 15.50% from the company’s current price.
TSN has been the subject of a number of other reports. RBC Capital Markets reissued a “sector perform” rating and issued a $75.00 price objective on shares of Tyson Foods in a research note on Sunday, November 20th. lifted their price objective on shares of Tyson Foods from $77.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. Zacks Investment Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. Pivotal Research reaffirmed a “buy” rating and set a $100.00 price target on shares of Tyson Foods in a research note on Wednesday, August 10th. Finally, JPMorgan Chase & Co. cut shares of Tyson Foods from a “buy” rating to a “sell” rating in a research note on Wednesday, October 12th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $69.41.
Tyson Foods (NYSE:TSN) traded up 1.55% during trading on Monday, reaching $59.57. 2,152,242 shares of the company were exchanged. Tyson Foods has a 1-year low of $48.52 and a 1-year high of $77.05. The stock has a market capitalization of $22.34 billion, a P/E ratio of 13.15 and a beta of 0.18. The company’s 50-day moving average price is $68.86 and its 200-day moving average price is $69.67.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, November 21st. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by $0.20. Tyson Foods had a return on equity of 17.57% and a net margin of 4.79%. The business earned $9.16 billion during the quarter, compared to analysts’ expectations of $9.38 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The business’s quarterly revenue was down 12.8% on a year-over-year basis. On average, equities analysts forecast that Tyson Foods will post $4.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be issued a $0.225 dividend. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.90 annualized dividend and a dividend yield of 1.53%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.15. Tyson Foods’s payout ratio is currently 13.25%.
Several large investors have recently bought and sold shares of TSN. Capstone Asset Management Co. raised its stake in Tyson Foods by 0.5% in the second quarter. Capstone Asset Management Co. now owns 36,688 shares of the company’s stock valued at $2,450,000 after buying an additional 167 shares in the last quarter. NN Investment Partners Holdings N.V. raised its position in Tyson Foods by 104.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 494,703 shares of the company’s stock valued at $33,041,000 after buying an additional 252,540 shares during the period. Breton Hill Capital Ltd. raised its position in Tyson Foods by 5.3% in the second quarter. Breton Hill Capital Ltd. now owns 15,928 shares of the company’s stock valued at $1,064,000 after buying an additional 803 shares during the period. Quotient Investors LLC raised its position in Tyson Foods by 56.3% in the second quarter. Quotient Investors LLC now owns 45,287 shares of the company’s stock valued at $3,025,000 after buying an additional 16,309 shares during the period. Finally, Central Bank & Trust Co. purchased a new position in Tyson Foods during the second quarter valued at approximately $433,000. Institutional investors and hedge funds own 73.44% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.