ValuEngine upgraded shares of Tyson Foods (NYSE:TSN) from a strong sell rating to a sell rating in a research note released on Tuesday.

TSN has been the topic of several other research reports. Zacks Investment Research cut Tyson Foods from a hold rating to a sell rating in a research report on Tuesday, July 24th. Stephens lowered their price objective on Tyson Foods to $73.00 and set an overweight rating on the stock in a research report on Monday, July 30th. They noted that the move was a valuation call. Mizuho set a $87.00 price objective on Tyson Foods and gave the stock a buy rating in a research report on Wednesday, July 25th. Piper Jaffray Companies reiterated a buy rating and set a $70.00 price objective on shares of Tyson Foods in a research report on Tuesday, July 31st. Finally, Royal Bank of Canada reiterated a hold rating and set a $77.00 price objective on shares of Tyson Foods in a research report on Tuesday, August 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $75.73.

TSN opened at $62.55 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $23.00 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 0.97 and a beta of 0.05. Tyson Foods has a 1-year low of $56.79 and a 1-year high of $84.65.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 6th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.17. The firm had revenue of $10.05 billion for the quarter, compared to analysts’ expectations of $10.22 billion. Tyson Foods had a return on equity of 18.84% and a net margin of 7.17%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 EPS. equities analysts expect that Tyson Foods will post 5.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.92%. Tyson Foods’s dividend payout ratio (DPR) is currently 22.60%.

In other news, CEO Thomas P. Hayes sold 20,202 shares of the stock in a transaction on Sunday, July 1st. The stock was sold at an average price of $68.85, for a total transaction of $1,390,907.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sally Grimes sold 19,258 shares of the stock in a transaction on Sunday, July 1st. The stock was sold at an average price of $68.85, for a total value of $1,325,913.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,610 shares of company stock worth $2,727,593. 2.65% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFM Investors Pty Ltd grew its holdings in shares of Tyson Foods by 9.5% during the 1st quarter. IFM Investors Pty Ltd now owns 8,855 shares of the company’s stock worth $648,000 after purchasing an additional 771 shares in the last quarter. TLP Group LLC grew its holdings in shares of Tyson Foods by 33.6% during the 1st quarter. TLP Group LLC now owns 3,074 shares of the company’s stock worth $225,000 after purchasing an additional 773 shares in the last quarter. RDL Financial Inc. grew its holdings in shares of Tyson Foods by 3.9% during the 2nd quarter. RDL Financial Inc. now owns 21,356 shares of the company’s stock worth $1,470,000 after purchasing an additional 795 shares in the last quarter. BDO Wealth Advisors LLC grew its holdings in shares of Tyson Foods by 7.2% during the 2nd quarter. BDO Wealth Advisors LLC now owns 11,975 shares of the company’s stock worth $824,000 after purchasing an additional 802 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Tyson Foods by 10.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 9,257 shares of the company’s stock valued at $637,000 after buying an additional 839 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats.

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Analyst Recommendations for Tyson Foods (NYSE:TSN)

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