Shares of Tyson Foods, Inc. (NYSE:TSN) gapped down prior to trading on Wednesday . The stock had previously closed at $57.29, but opened at $58.17. Tyson Foods shares last traded at $58.18, with a volume of 2244410 shares traded.

TSN has been the topic of a number of recent analyst reports. Zacks Investment Research cut Tyson Foods from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Mizuho set a $87.00 target price on Tyson Foods and gave the stock a “buy” rating in a report on Wednesday, July 25th. Stephens reduced their target price on Tyson Foods to $73.00 and set an “overweight” rating on the stock in a report on Monday, July 30th. They noted that the move was a valuation call. ValuEngine cut Tyson Foods from a “sell” rating to a “strong sell” rating in a report on Monday, July 30th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $70.00 target price on shares of Tyson Foods in a report on Tuesday, July 31st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Tyson Foods currently has an average rating of “Hold” and an average price target of $73.14.

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 0.66. The firm has a market cap of $21.29 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.89 and a beta of 0.17.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Tuesday, November 13th. The company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.25. Tyson Foods had a return on equity of 18.39% and a net margin of 7.55%. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.30 billion. During the same quarter in the previous year, the business posted $1.43 EPS. Tyson Foods’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts expect that Tyson Foods, Inc. will post 5.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.30. Tyson Foods’s payout ratio is 19.48%.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in Tyson Foods by 0.3% in the 3rd quarter. BlackRock Inc. now owns 20,346,281 shares of the company’s stock valued at $1,211,212,000 after acquiring an additional 57,192 shares in the last quarter. Iridian Asset Management LLC CT lifted its stake in Tyson Foods by 7.0% in the 2nd quarter. Iridian Asset Management LLC CT now owns 6,285,044 shares of the company’s stock valued at $432,725,000 after acquiring an additional 411,890 shares in the last quarter. Northern Trust Corp increased its position in shares of Tyson Foods by 13.1% during the 2nd quarter. Northern Trust Corp now owns 6,239,551 shares of the company’s stock worth $429,594,000 after purchasing an additional 722,092 shares during the last quarter. LSV Asset Management increased its position in shares of Tyson Foods by 1.8% during the 2nd quarter. LSV Asset Management now owns 6,121,757 shares of the company’s stock worth $421,482,000 after purchasing an additional 108,401 shares during the last quarter. Finally, FMR LLC increased its position in shares of Tyson Foods by 12.1% during the 2nd quarter. FMR LLC now owns 3,990,894 shares of the company’s stock worth $274,773,000 after purchasing an additional 430,422 shares during the last quarter. Institutional investors and hedge funds own 69.47% of the company’s stock.

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About Tyson Foods (NYSE:TSN)

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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