Fundamental Research Reiterates “Buy” Rating for Tyson Foods, Inc. (TSN)
A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Tyson Foods from a hold rating to a buy rating and set a $72.00 price objective on the stock in a research note on Thursday, April 27th. J P Morgan Chase & Co lifted their target price on Tyson Foods from $62.00 to $67.00 and gave the stock a neutral rating in a report on Monday, June 26th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $76.00 target price on shares of Tyson Foods in a report on Tuesday, May 9th. Jefferies Group LLC reaffirmed a buy rating and set a $75.00 target price on shares of Tyson Foods in a report on Monday, May 8th. Finally, BMO Capital Markets reaffirmed a buy rating and set a $75.00 target price on shares of Tyson Foods in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $69.79.
Tyson Foods (NYSE:TSN) opened at 65.14 on Thursday. Tyson Foods has a 52 week low of $55.72 and a 52 week high of $77.05. The firm has a 50-day moving average of $62.81 and a 200 day moving average of $62.27. The firm has a market capitalization of $23.90 billion, a PE ratio of 13.73 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business had revenue of $9.85 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Analysts predict that Tyson Foods will post $5.06 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a yield of 1.38%. Tyson Foods’s dividend payout ratio is currently 18.95%.
In related news, Director Mikel A. Durham purchased 2,809 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average price of $65.77 per share, with a total value of $184,747.93. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Dennis Leatherby sold 145,100 shares of Tyson Foods stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $65.97, for a total value of $9,572,247.00. The disclosure for this sale can be found here. Company insiders own 2.65% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Sun Life Financial INC boosted its position in shares of Tyson Foods by 21,000.0% in the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after buying an additional 2,100 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock worth $130,000 after buying an additional 182 shares in the last quarter. Washington Trust Bank boosted its position in shares of Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock worth $140,000 after buying an additional 840 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock worth $143,000 after buying an additional 1,357 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its position in shares of Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock worth $177,000 after buying an additional 1,100 shares in the last quarter. 71.05% of the stock is currently owned by hedge funds and other institutional investors.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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