Tyson Foods’ (TSN) “Focus List” Rating Reaffirmed at JPMorgan Chase & Co.
Several other analysts also recently commented on TSN. Zacks Investment Research downgraded Tyson Foods from a strong-buy rating to a hold rating in a research note on Tuesday, July 12th. RBC Capital Markets reaffirmed 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 reaffirmed 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 reaffirmed 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 downgraded 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 assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $72.22.
Shares of Tyson Foods (NYSE:TSN) opened at 73.67 on Tuesday. The firm has a market cap of $28.15 billion, a PE ratio of 17.91 and a beta of 0.26. The firm has a 50 day moving average price of $74.94 and a 200-day moving average price of $69.06. Tyson Foods has a 12 month low of $42.89 and a 12 month high of $77.05.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 8th. The company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.15. The business had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.32 billion. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. On average, analysts predict that Tyson Foods will post $4.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.81%. Tyson Foods’s dividend payout ratio (DPR) is presently 14.53%.
In other news, insider Noel W. White sold 74,500 shares of Tyson Foods stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert C. Thurber sold 4,500 shares of Tyson Foods stock in a transaction that occurred 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. Company insiders own 2.69% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. acquired a new stake in Tyson Foods during the third quarter worth $1,008,000. 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 worth $107,000 after buying an additional 31 shares during the last quarter. Beacon Financial Group acquired a new stake in Tyson Foods during the third quarter worth $266,000. 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 worth $119,000 after buying an additional 323 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Tyson Foods during the second quarter worth $810,000. Institutional investors own 74.07% 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.
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