Todays Report: Today, JPMorgan Chase & Co. Reaffirms Focus List Rating for Tyson Foods Inc. (TSN)

Today, JPMorgan Chase & Co. Reaffirms Focus List Rating for Tyson Foods Inc. (TSN)

JPMorgan Chase & Co. restated their focus list rating on shares of Tyson Foods Inc. (NYSE:TSN) in a research report sent to investors on Tuesday.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Tyson Foods from a strong-buy rating to a hold rating in a research note on Tuesday, July 12th. RBC Capital Markets reiterated a sector perform rating and set a $72.00 price objective (up previously from $68.00) on shares of Tyson Foods in a research note on Friday, August 5th. Jefferies Group reiterated a buy rating and set a $70.00 price objective on shares of Tyson Foods in a research note on Tuesday, June 7th. BMO Capital Markets reiterated a market perform rating and set a $77.00 price objective on shares of Tyson Foods in a research note on Thursday, August 11th. Finally, Vetr cut Tyson Foods from a buy rating to a hold rating and set a $69.00 price objective on the stock. in a research note on Thursday, June 30th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $72.22.

Tyson Foods (NYSE:TSN) opened at 74.38 on Tuesday. The company has a market capitalization of $28.42 billion, a PE ratio of 18.08 and a beta of 0.26. The company has a 50-day moving average price of $74.92 and a 200 day moving average price of $69.13. Tyson Foods has a 12 month low of $42.89 and a 12 month high of $77.05.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 8th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.15. The firm had revenue of $9.40 billion for 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 quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS. On average, equities research analysts forecast that Tyson Foods will post $4.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, November 29th. Tyson Foods’s dividend payout ratio is 14.53%.

In other Tyson Foods news, insider Donnie King sold 146,641 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $75.75, for a total value of $11,108,055.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Donald Smith sold 38,006 shares of the company’s stock in a transaction 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 company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TSN. Foundry Partners LLC raised its stake in Tyson Foods by 9.2% in the third quarter. Foundry Partners LLC now owns 216,651 shares of the company’s stock valued at $16,177,000 after buying an additional 18,231 shares during the period. Copper Rock Capital Partners LLC raised its stake in Tyson Foods by 88.0% in the third quarter. Copper Rock Capital Partners LLC now owns 5,325 shares of the company’s stock valued at $398,000 after buying an additional 2,493 shares during the period. Summit Financial Wealth Advisors LLC bought a new stake in Tyson Foods during the third quarter valued at about $1,629,000. Eqis Capital Management Inc. bought a new stake in Tyson Foods during the third quarter valued at about $1,008,000. Finally, Washington Trust Bank raised 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 period. 74.07% of the stock is currently owned by hedge funds and other institutional investors.

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