Tyson Foods, Inc. (TSN) Given New $89.00 Price Target at BMO Capital Markets
A number of other equities research analysts have also recently weighed in on TSN. Fundamental Research restated a buy rating on shares of Tyson Foods in a report on Thursday, August 17th. BidaskClub upgraded Tyson Foods from a hold rating to a buy rating in a report on Monday, August 14th. Zacks Investment Research upgraded Tyson Foods from a hold rating to a buy rating and set a $73.00 price target on the stock in a report on Thursday, August 10th. Mizuho restated a buy rating and issued a $76.00 price target (up previously from $71.00) on shares of Tyson Foods in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $75.00 target price on shares of Tyson Foods in a research note on Thursday, July 27th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Tyson Foods presently has a consensus rating of Buy and an average target price of $72.62.
Shares of Tyson Foods (NYSE TSN) traded up $0.48 during mid-day trading on Tuesday, reaching $76.07. The company had a trading volume of 2,867,200 shares, compared to its average volume of 2,655,395. The firm has a market cap of $28,230.00, a PE ratio of 14.23 and a beta of 0.30. Tyson Foods has a 1 year low of $55.72 and a 1 year high of $76.62. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 0.79.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.05. Tyson Foods had a return on equity of 20.00% and a net margin of 4.64%. The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.93 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts predict that Tyson Foods will post 5.79 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. Tyson Foods’s dividend payout ratio (DPR) is currently 18.79%.
In other Tyson Foods news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $0.53, for a total value of $56,849.92. Company insiders own 2.65% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Koch Industries Inc. grew its position in Tyson Foods by 13,862.2% in the second quarter. Koch Industries Inc. now owns 776,858 shares of the company’s stock worth $765,000 after buying an additional 771,294 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Tyson Foods by 2,014.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 319,534 shares of the company’s stock worth $22,511,000 after purchasing an additional 304,421 shares during the period. TIAA FSB acquired a new position in Tyson Foods in the 3rd quarter worth approximately $3,813,000. BT Investment Management Ltd acquired a new position in Tyson Foods in the 2nd quarter worth approximately $15,974,000. Finally, Advisors Capital Management LLC boosted its stake in Tyson Foods by 5.8% in the 2nd quarter. Advisors Capital Management LLC now owns 34,912 shares of the company’s stock worth $2,187,000 after purchasing an additional 1,918 shares during the period. Institutional investors and hedge funds own 70.69% of the company’s stock.
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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