BMO Capital Markets upgraded shares of Tyson Foods Inc. (NYSE:TSN) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday morning. The brokerage currently has $84.00 target price on the stock, up from their previous target price of $70.50.
Other equities analysts have also issued research reports about the company. Pivotal Research reiterated a buy rating and issued a $100.00 price target on shares of Tyson Foods in a research report on Wednesday, August 10th. Zacks Investment Research upgraded Tyson Foods from a hold rating to a buy rating and set a $83.00 price target for the company in a research report on Tuesday, August 9th. Vetr lowered 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 increased their price target on Tyson Foods from $78.00 to $80.00 and gave the company a buy rating in a research report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. restated a focus list rating on shares of Tyson Foods in a research report on Tuesday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Tyson Foods presently 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 Tuesday. The firm has a market cap 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 company’s 50-day moving average is $74.47 and its 200-day moving average is $69.21.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 8th. The company reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.15. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. The business earned $9.40 billion during the quarter, compared to analyst estimates of $9.32 billion. During the same quarter last year, the company posted $0.80 EPS. Tyson Foods’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts forecast that Tyson Foods will post $4.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, November 29th. Tyson Foods’s payout ratio is 14.53%.
In related news, Chairman John H. Tyson sold 282,478 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $74.22, for a total value of $20,965,517.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Donald Smith sold 38,006 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $75.20, for a total value of $2,858,051.20. The disclosure for this sale can be found here. 2.69% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Washington Trust Bank increased its position in shares of Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock worth $107,000 after buying an additional 31 shares during the last quarter. Evercore Wealth Management LLC increased its position in shares of Tyson Foods by 22.2% in the second quarter. Evercore Wealth Management LLC now owns 1,775 shares of the company’s stock worth $119,000 after buying an additional 323 shares during the last quarter. Financial Architects Inc increased its position in shares of Tyson Foods by 1,101.3% in the second quarter. Financial Architects Inc now owns 1,838 shares of the company’s stock worth $122,000 after buying an additional 1,685 shares during the last quarter. IFP Advisors Inc increased its position in shares of 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 in the last quarter. Finally, Kernodle & Katon Asset Management Group LLC acquired a new position in shares of Tyson Foods during the second quarter valued at approximately $156,000. 74.07% of the stock is currently owned by institutional investors and hedge funds.
Tyson Foods Company Profile