Tyson Foods Inc. (NYSE:TSN) declared a quarterly dividend on Monday, November 21st. Stockholders of record on Wednesday, March 1st will be paid a dividend of 0.225 per share on Wednesday, March 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.56%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.15.

Tyson Foods (NYSE:TSN) opened at 57.60 on Tuesday. The firm has a market cap of $22.01 billion, a PE ratio of 14.00 and a beta of 0.18. The stock has a 50 day moving average of $69.73 and a 200-day moving average of $69.81. Tyson Foods has a 52 week low of $48.10 and a 52 week high of $77.05.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, November 21st. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.16 by $0.20. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The firm earned $9.16 billion during the quarter, compared to the consensus estimate of $9.38 billion. During the same period in the prior year, the business posted $0.83 earnings per share. Tyson Foods’s quarterly revenue was down 12.8% compared to the same quarter last year. Analysts expect that Tyson Foods will post $4.59 earnings per share for the current year.

Dividend History for Tyson Foods (NYSE:TSN)

In other Tyson Foods news, insider Noel W. White sold 74,934 shares of Tyson Foods stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $75.44, for a total value of $5,653,020.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Donnie King sold 146,641 shares of Tyson Foods stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $75.75, for a total value of $11,108,055.75. The disclosure for this sale can be found here. 2.69% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSN. Janus Capital Management LLC boosted its position in Tyson Foods by 58.1% in the second quarter. Janus Capital Management LLC now owns 3,900,159 shares of the company’s stock worth $260,492,000 after buying an additional 1,433,877 shares in the last quarter. APG Asset Management N.V. boosted its position in Tyson Foods by 26.2% in the second quarter. APG Asset Management N.V. now owns 3,272,180 shares of the company’s stock worth $218,549,000 after buying an additional 678,800 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in 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 worth $573,719,000 after buying an additional 483,951 shares in the last quarter. BlackRock Fund Advisors boosted its position in Tyson Foods by 9.3% in the second quarter. BlackRock Fund Advisors now owns 5,003,387 shares of the company’s stock worth $334,176,000 after buying an additional 427,366 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its position in Tyson Foods by 70.6% in the second quarter. State of Tennessee Treasury Department now owns 541,683 shares of the company’s stock worth $36,178,000 after buying an additional 224,124 shares in the last quarter. Hedge funds and other institutional investors own 73.44% of the company’s stock.

Several equities analysts recently weighed in on the stock. RBC Capital Markets reissued a “sector perform” rating and issued a $75.00 target price on shares of Tyson Foods in a research note on Sunday. lifted their price objective on shares of Tyson Foods from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 2nd. Zacks Investment Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Vetr cut shares of Tyson Foods from a “sell” rating to a “strong sell” rating and set a $61.30 price objective for the company. in a research report on Monday, October 10th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $100.00 price objective on shares of Tyson Foods in a research report on Wednesday, August 10th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $68.34.

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.

5 Day Chart for NYSE:TSN

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