Tyson Foods Inc. (NYSE:TSN) had its price objective dropped by Royal Bank Of Canada from $75.00 to $68.00 in a report issued on Tuesday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 15.92% from the company’s previous close.

A number of other research analysts have also weighed in on TSN. Pivotal Research lowered Tyson Foods from a “buy” rating to a “sell” rating and cut their price objective for the company from $100.00 to $40.00 in a research report on Friday, October 7th. Jefferies Group raised their price objective on Tyson Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. JPMorgan Chase & Co. restated a “focus list” rating on shares of Tyson Foods in a research report on Tuesday, October 4th. raised their price objective on Tyson Foods from $77.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, August 2nd. Finally, BMO Capital Markets upgraded Tyson Foods from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $70.50 to $84.00 in a research report on Tuesday, October 11th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $69.41.

Analyst Recommendations for Tyson Foods (NYSE:TSN)

Tyson Foods (NYSE:TSN) opened at 58.66 on Tuesday. The company’s 50-day moving average price is $68.86 and its 200-day moving average price is $69.67. Tyson Foods has a one year low of $48.52 and a one year high of $77.05. The stock has a market cap of $22.00 billion, a P/E ratio of 12.95 and a beta of 0.18.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, November 21st. The company reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.20. Tyson Foods had a return on equity of 17.57% and a net margin of 4.79%. The business earned $9.16 billion during the quarter, compared to analysts’ expectations of $9.38 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The company’s quarterly revenue was down 12.8% on a year-over-year basis. Analysts forecast that Tyson Foods will post $4.59 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be paid a $0.225 dividend. The ex-dividend date is Monday, February 27th. This represents a $0.90 annualized dividend and a yield of 1.53%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.15. Tyson Foods’s dividend payout ratio (DPR) is presently 13.25%.

In other Tyson Foods news, 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 value of $5,653,020.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.69% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Tyson Foods during the first quarter valued at about $205,000. Panagora Asset Management Inc. increased its stake in shares of Tyson Foods by 1,233.6% in the first quarter. Panagora Asset Management Inc. now owns 454,892 shares of the company’s stock valued at $30,323,000 after buying an additional 420,783 shares during the last quarter. Seven Eight Capital LLC increased its stake in shares of Tyson Foods by 373.3% in the first quarter. Seven Eight Capital LLC now owns 4,818 shares of the company’s stock valued at $321,000 after buying an additional 3,800 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Tyson Foods by 1.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,698 shares of the company’s stock valued at $1,048,000 after buying an additional 258 shares during the last quarter. Finally, Raymond James Trust N.A. increased its stake in shares of Tyson Foods by 2.7% in the second quarter. Raymond James Trust N.A. now owns 3,980 shares of the company’s stock valued at $265,000 after buying an additional 103 shares during the last quarter. 73.44% of the stock is owned by institutional investors and hedge funds.

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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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