Vetr upgraded shares of Tyson Foods Inc. (NYSE:TSN) from a strong sell rating to a sell rating in a research note released on Tuesday morning. The brokerage currently has $68.87 target price on the stock.
A number of other analysts have also recently commented on TSN. Zacks Investment Research cut shares of Tyson Foods from a strong-buy rating to a hold rating in a research note on Tuesday, July 12th. RBC Capital Markets restated a sector perform rating and set a $72.00 price target (up from $68.00) on shares of Tyson Foods in a research note on Friday, August 5th. BMO Capital Markets restated a market perform rating and set a $77.00 price target on shares of Tyson Foods in a research note on Thursday, August 11th. Pivotal Research restated a buy rating and set a $100.00 price target on shares of Tyson Foods in a research note on Wednesday, August 10th. Finally, Credit Agricole SA upped their target price on shares of Tyson Foods from $77.00 to $82.00 and gave the stock an outperform rating in a report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Tyson Foods currently has an average rating of Buy and a consensus target price of $68.42.
Tyson Foods (NYSE:TSN) opened at 71.38 on Tuesday. The company has a market capitalization of $27.27 billion, a PE ratio of 17.35 and a beta of 0.26. Tyson Foods has a 12-month low of $42.89 and a 12-month high of $77.05. The firm has a 50-day moving average of $74.47 and a 200 day moving average of $69.21.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results 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 company had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.32 billion. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. Tyson Foods’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. Analysts forecast that Tyson Foods will post $4.53 EPS for the current fiscal year.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Tyson Foods’s dividend payout ratio (DPR) is 14.53%.
In other news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert C. Thurber sold 4,500 shares of the company’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $74.93, for a total transaction of $337,185.00. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the stock. Washington Trust Bank boosted its stake 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 period. Evercore Wealth Management LLC boosted its stake 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 period. Financial Architects Inc boosted its stake 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 period. IFP Advisors Inc boosted its stake 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 worth $130,000 after buying an additional 359 shares during the period. Finally, Kernodle & Katon Asset Management Group LLC acquired a new stake in shares of Tyson Foods during the second quarter worth about $156,000. 74.07% of the stock is owned by institutional investors.
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.