Tyson Foods’ (TSN) “Sell” Rating Reaffirmed at Pivotal Research
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Tyson Foods from a hold rating to a buy rating and set a $83.00 target price on the stock in a research report on Tuesday, August 9th. Jefferies Group lifted their target price on shares of Tyson Foods from $78.00 to $80.00 and gave the stock a buy rating in a research report on Wednesday, July 27th. BMO Capital Markets restated a buy rating and issued a $84.00 price objective on shares of Tyson Foods in a research report on Tuesday. JPMorgan Chase & Co. restated a focus list rating on shares of Tyson Foods in a research 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 objective on the stock in a research report on Wednesday, October 19th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $69.41.
Tyson Foods (NYSE:TSN) opened at 58.66 on Wednesday. Tyson Foods has a 52-week low of $48.52 and a 52-week high of $77.05. The stock’s 50 day moving average is $68.86 and its 200-day moving average is $69.67. The company has a market cap of $22.00 billion, a PE ratio of 12.95 and a beta of 0.18.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, November 21st. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by $0.20. The business earned $9.16 billion during the quarter, compared to analysts’ expectations of $9.38 billion. Tyson Foods had a return on equity of 17.57% and a net margin of 4.79%. Tyson Foods’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS. Equities research analysts predict that Tyson Foods will post $4.59 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a dividend of $0.225 per share. This is a boost from Tyson Foods’s previous quarterly dividend of $0.15. This represents a $0.90 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, February 27th. Tyson Foods’s dividend payout ratio is currently 13.25%.
In other Tyson Foods news, insider Noel W. White sold 74,934 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.69% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. acquired a new stake in shares of Tyson Foods during the third quarter worth approximately $140,000. ETRADE Capital Management LLC acquired a new stake in shares of Tyson Foods during the third quarter worth approximately $207,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Tyson Foods during the third quarter worth approximately $6,041,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Tyson Foods during the third quarter worth approximately $2,272,000. Finally, LPL Financial LLC boosted its stake in shares of Tyson Foods by 6.3% in the third quarter. LPL Financial LLC now owns 36,187 shares of the company’s stock worth $2,666,000 after buying an additional 2,142 shares in the last quarter. 73.44% of the stock is owned by institutional investors and hedge funds.
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Tyson Foods Company Profile
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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