Tyson Foods Inc. (TSN) Upgraded to “Sell” by Vetr Inc.
Vetr upgraded shares of Tyson Foods Inc. (NYSE:TSN) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning. Vetr currently has $68.87 price objective on the stock.
TSN has been the topic of several other reports. Credit Agricole SA boosted their target price on Tyson Foods from $77.00 to $82.00 and gave the stock an outperform rating in a report on Tuesday, August 2nd. Zacks Investment Research downgraded 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 $75.00 target price (up from $72.00) on shares of Tyson Foods in a report on Thursday, August 11th. 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. Finally, Jefferies Group boosted their target price on Tyson Foods from $70.00 to $78.00 and gave the stock a buy rating in a report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $68.42.
Shares of Tyson Foods (NYSE:TSN) opened at 71.38 on Tuesday. The firm has a market cap of $27.27 billion, a price-to-earnings ratio of 17.35 and a beta of 0.26. Tyson Foods has a 1-year low of $42.89 and a 1-year high of $77.05. The stock has a 50 day moving average price of $74.47 and a 200-day moving average price of $69.21.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data 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. The company 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 company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. On average, equities research analysts expect that Tyson Foods will post $4.53 earnings per share 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 dividend of $0.15 per share. 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 is 14.53%.
In related news, SVP Curt Calaway sold 21,200 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $74.79, for a total value of $1,585,548.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Noel W. White sold 74,934 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $75.44, for a total transaction of $5,653,020.96. The disclosure for this sale can be found here. Insiders own 2.69% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. IFP Advisors Inc increased 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 valued at $130,000 after buying an additional 359 shares during the period. Advisor Partners LLC bought a new position in Tyson Foods during the first quarter valued at $221,000. Landscape Capital Management L.L.C. boosted its position in Tyson Foods by 47.0% in the first quarter. Landscape Capital Management L.L.C. now owns 22,200 shares of the company’s stock valued at $1,480,000 after buying an additional 7,100 shares in the last quarter. Menta Capital LLC bought a new position in Tyson Foods during the first quarter valued at $2,286,000. Finally, M&T Bank Corp boosted its position in Tyson Foods by 21.0% in the first quarter. M&T Bank Corp now owns 32,474 shares of the company’s stock valued at $2,166,000 after buying an additional 5,633 shares in the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.
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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