Tyson Foods, Inc. (TSN) Price Target Raised to $82.00
Tyson Foods, Inc. (NYSE:TSN) had its target price lifted by Jefferies Group LLC from $75.00 to $82.00 in a research note published on Tuesday. Jefferies Group LLC currently has a buy rating on the stock. Jefferies Group also issued estimates for Tyson Foods’ Q4 2017 earnings at $1.33 EPS, FY2017 earnings at $5.21 EPS, Q1 2018 earnings at $1.62 EPS, Q2 2018 earnings at $1.26 EPS, Q3 2018 earnings at $1.41 EPS, Q4 2018 earnings at $1.47 EPS, FY2018 earnings at $5.76 EPS, Q1 2019 earnings at $1.48 EPS, Q2 2019 earnings at $1.37 EPS, Q3 2019 earnings at $1.65 EPS, Q4 2019 earnings at $1.66 EPS, FY2019 earnings at $6.16 EPS, FY2020 earnings at $6.68 EPS and FY2021 earnings at $7.11 EPS.
Several other research firms have also recently commented on TSN. Zacks Investment Research cut shares of Tyson Foods from a buy rating to a hold rating in a research report on Wednesday, August 2nd. Pivotal Research restated a sell rating and issued a $40.00 target price on shares of Tyson Foods in a research report on Tuesday, August 8th. Credit Suisse Group AG restated a neutral rating and issued a $75.00 target price (up previously from $70.00) on shares of Tyson Foods in a research report on Sunday, October 1st. They noted that the move was a valuation call. BidaskClub cut shares of Tyson Foods from a buy rating to a hold rating in a research report on Saturday, August 26th. Finally, Vertical Research upgraded shares of Tyson Foods from a hold rating to a buy rating in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $72.38.
Shares of Tyson Foods (NYSE:TSN) opened at 71.07 on Tuesday. Tyson Foods has a 12 month low of $55.72 and a 12 month high of $72.88. The company has a 50-day moving average of $65.87 and a 200-day moving average of $62.82. The firm has a market cap of $26.08 billion, a P/E ratio of 14.98 and a beta of 0.28.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The firm had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. Tyson Foods’s quarterly revenue was up 4.8% on a year-over-year basis. Equities analysts forecast that Tyson Foods will post $5.15 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio is currently 18.95%.
In related news, CFO Dennis Leatherby sold 145,100 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mikel A. Durham bought 2,809 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average cost of $65.77 per share, with a total value of $184,747.93. The disclosure for this purchase can be found here. Corporate insiders own 2.65% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Fulton Bank N.A. lifted its stake in Tyson Foods by 18.4% during the third quarter. Fulton Bank N.A. now owns 6,102 shares of the company’s stock valued at $430,000 after purchasing an additional 948 shares during the last quarter. Curbstone Financial Management Corp lifted its stake in Tyson Foods by 100.0% during the third quarter. Curbstone Financial Management Corp now owns 13,300 shares of the company’s stock valued at $937,000 after purchasing an additional 6,650 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Tyson Foods by 1.0% during the second quarter. Lord Abbett & CO. LLC now owns 242,500 shares of the company’s stock valued at $15,188,000 after purchasing an additional 2,300 shares during the last quarter. Sentry Investment Management LLC lifted its stake in Tyson Foods by 1.0% during the second quarter. Sentry Investment Management LLC now owns 22,219 shares of the company’s stock valued at $1,392,000 after purchasing an additional 229 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in Tyson Foods by 25.9% during the second quarter. Toronto Dominion Bank now owns 97,612 shares of the company’s stock valued at $6,112,000 after purchasing an additional 20,110 shares during the last quarter. 71.89% of the stock is owned by institutional investors and hedge funds.
About Tyson Foods
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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