Tyson Foods Inc. (TSN) PT Lowered to $75.00
Tyson Foods Inc. (NYSE:TSN) had its target price cut by Jefferies Group from $85.00 to $75.00 in a report released on Tuesday. The firm presently has a “buy” rating on the stock. Jefferies Group’s price target indicates a potential upside of 27.86% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. Pivotal Research reiterated a “buy” rating and set a $100.00 price target on shares of Tyson Foods in a report on Wednesday, August 10th. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Tuesday, August 9th. BMO Capital Markets reiterated a “buy” rating and set a $84.00 price target on shares of Tyson Foods in a report on Tuesday. JPMorgan Chase & Co. reiterated a “focus list” rating on shares of Tyson Foods in a report on Tuesday, October 4th. Finally, Vetr upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $68.87 price target for the company in a report on Wednesday, October 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $69.41.
Shares of Tyson Foods (NYSE:TSN) opened at 58.66 on Tuesday. Tyson Foods has a 12-month low of $48.52 and a 12-month high of $77.05. The firm has a market capitalization of $22.00 billion, a price-to-earnings ratio of 12.95 and a beta of 0.18. The firm’s 50-day moving average is $68.86 and its 200-day moving average is $69.67.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, November 21st. The company reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by $0.20. Tyson Foods had a net margin of 4.79% and a return on equity of 17.57%. The business had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $9.38 billion. During the same quarter last year, the business posted $0.83 earnings per share. The business’s revenue was down 12.8% compared to the same quarter last year. Equities research analysts forecast that Tyson Foods will post $4.59 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.53%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, February 27th. Tyson Foods’s payout ratio is 13.25%.
In other news, insider Noel W. White sold 74,934 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $75.44, for a total transaction of $5,653,020.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.69% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Capstone Asset Management Co. boosted its position in Tyson Foods by 0.5% in the second quarter. Capstone Asset Management Co. now owns 36,688 shares of the company’s stock worth $2,450,000 after buying an additional 167 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its position in Tyson Foods by 104.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 494,703 shares of the company’s stock worth $33,041,000 after buying an additional 252,540 shares during the last quarter. Breton Hill Capital Ltd. boosted its position in Tyson Foods by 5.3% in the second quarter. Breton Hill Capital Ltd. now owns 15,928 shares of the company’s stock worth $1,064,000 after buying an additional 803 shares during the last quarter. Quotient Investors LLC boosted its position in Tyson Foods by 56.3% in the second quarter. Quotient Investors LLC now owns 45,287 shares of the company’s stock worth $3,025,000 after buying an additional 16,309 shares during the last quarter. Finally, Central Bank & Trust Co. purchased a new position in Tyson Foods during the second quarter worth approximately $433,000. 73.44% of the stock is currently 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.
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