Tyson Foods Inc. (NYSE:TSN) was downgraded by JPMorgan Chase & Co. from a “buy” rating to a “sell” rating in a report released on Wednesday.
A number of other research analysts have also weighed in on TSN. Zacks Investment Research lowered shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. RBC Capital Markets reissued a “sector perform” rating and issued a $72.00 target price (up from $68.00) on shares of Tyson Foods in a report on Friday, August 5th. Vetr raised shares of Tyson Foods from a “strong sell” rating to a “sell” rating and set a $68.87 target price for the company in a report on Tuesday. BMO Capital Markets reissued a “market perform” rating and issued a $77.00 target price on shares of Tyson Foods in a report on Thursday, August 11th. Finally, Pivotal Research reissued a “buy” rating and issued a $100.00 target price on shares of Tyson Foods in a report on Wednesday, August 10th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $68.42.
Tyson Foods (NYSE:TSN) opened at 72.03 on Wednesday. Tyson Foods has a one year low of $42.89 and a one year high of $77.05. The company has a market capitalization of $27.52 billion, a price-to-earnings ratio of 17.51 and a beta of 0.26. The firm has a 50-day moving average of $74.28 and a 200 day moving average of $69.24.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 8th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The firm earned $9.40 billion during the quarter, compared to analyst estimates of $9.32 billion. During the same period last year, the firm posted $0.80 earnings per share. Tyson Foods’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts predict that Tyson Foods will post $4.53 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Tyson Foods’s payout ratio is currently 14.53%.
In related news, Director Robert C. Thurber sold 4,500 shares of Tyson Foods stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $74.93, for a total value of $337,185.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John H. Tyson sold 282,478 shares of Tyson Foods stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $74.22, for a total value of $20,965,517.16. The disclosure for this sale can be found here. 2.69% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Washington Trust Bank increased its stake 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 increased its stake 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 increased its stake 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 increased its stake 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 stake in Tyson Foods during the second quarter valued at $156,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.
Tyson Foods Company Profile