Tyson Foods Inc. (NYSE:TSN) was downgraded by equities researchers at Pivotal Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday. They currently have a $40.00 price target on the stock, down from their previous price target of $100.00. Pivotal Research’s price target points to a potential downside of 46.22% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. RBC Capital Markets reissued a “sector perform” rating and issued a $75.00 price target (up previously from $72.00) on shares of Tyson Foods in a research note on Thursday, August 11th. Vetr cut Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 price target for the company. in a research note on Wednesday, June 22nd. Credit Agricole SA increased their price target on Tyson Foods from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, August 2nd. BMO Capital Markets reissued a “market perform” rating and issued a $77.00 price target on shares of Tyson Foods in a research note on Thursday, August 11th. Finally, Zacks Investment Research cut Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $67.93.

Shares of Tyson Foods (NYSE:TSN) opened at 74.38 on Friday. The firm has a market cap of $28.42 billion, a price-to-earnings ratio of 18.08 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 company has a 50-day moving average price of $74.92 and a 200-day moving average price of $69.13.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 8th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.15. The company earned $9.40 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. 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. Stockholders of record on Thursday, December 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Tuesday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently 14.53%.

In other news, Director Robert C. Thurber sold 4,500 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $74.93, for a total value of $337,185.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Curt Calaway sold 21,200 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $74.79, for a total value of $1,585,548.00. The disclosure for this sale can be found here. 2.69% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Tyson Foods by 4.8% in the second quarter. Vanguard Group Inc. now owns 28,226,216 shares of the company’s stock valued at $1,885,228,000 after buying an additional 1,298,587 shares during the period. State Street Corp increased its stake in shares of Tyson Foods by 0.4% in the second quarter. State Street Corp now owns 12,906,720 shares of the company’s stock valued at $862,034,000 after buying an additional 54,228 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Tyson Foods by 6.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,589,898 shares of the company’s stock valued at $573,719,000 after buying an additional 483,951 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Tyson Foods by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 7,999,802 shares of the company’s stock valued at $534,307,000 after buying an additional 79,878 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Tyson Foods by 9.5% in the second quarter. Ameriprise Financial Inc. now owns 7,573,609 shares of the company’s stock valued at $505,853,000 after buying an additional 655,290 shares during the period. 74.07% of the stock is owned by hedge funds and other institutional investors.

About Tyson Foods

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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