Tyson Foods, Inc. (TSN) Raised to “Hold” at
Other analysts have also issued reports about the stock. Mizuho reaffirmed a buy rating and issued a $76.00 price target (up from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. Fundamental Research reaffirmed a buy rating on shares of Tyson Foods in a research note on Thursday, August 17th. BidaskClub raised shares of Tyson Foods from a hold rating to a buy rating in a research note on Monday, August 14th. Zacks Investment Research raised shares of Tyson Foods from a hold rating to a buy rating and set a $73.00 price target for the company in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $75.00 price target 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 issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $73.71.
Shares of Tyson Foods (NYSE:TSN) traded up $0.71 during trading hours on Wednesday, hitting $77.97. 2,071,776 shares of the stock were exchanged, compared to its average volume of 2,655,533. The firm has a market cap of $28,400.00, a price-to-earnings ratio of 14.33 and a beta of 0.30. Tyson Foods has a 12 month low of $55.72 and a 12 month high of $78.03. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.93 billion. Tyson Foods had a net margin of 4.64% and a return on equity of 20.00%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 EPS. equities analysts forecast that Tyson Foods will post 5.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.54%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. Tyson Foods’s payout ratio is currently 18.79%.
In other news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $0.53, for a total transaction of $56,849.92. 2.65% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Tyson Foods by 3.7% during the second quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after purchasing an additional 900,009 shares in the last quarter. BlackRock Inc. grew its position in Tyson Foods by 0.7% during the second quarter. BlackRock Inc. now owns 19,191,662 shares of the company’s stock valued at $1,201,973,000 after purchasing an additional 136,071 shares in the last quarter. Ameriprise Financial Inc. grew its position in Tyson Foods by 12.5% during the third quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock valued at $621,587,000 after purchasing an additional 980,069 shares in the last quarter. LSV Asset Management grew its position in Tyson Foods by 3.3% during the second quarter. LSV Asset Management now owns 5,372,955 shares of the company’s stock valued at $336,508,000 after purchasing an additional 171,600 shares in the last quarter. Finally, Iridian Asset Management LLC CT grew its position in Tyson Foods by 64.4% during the third quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock valued at $340,488,000 after purchasing an additional 1,893,438 shares in the last quarter. 70.69% 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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