Analysts Set Tyson Foods, Inc. (TSN) Target Price at $70.40
Shares of Tyson Foods, Inc. (NYSE:TSN) have been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $70.40.
A number of equities research analysts have weighed in on TSN shares. Mizuho restated a “buy” rating and issued a $82.00 price objective on shares of Tyson Foods in a report on Friday, February 8th. ValuEngine cut shares of Tyson Foods from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $60.00 price target on shares of Tyson Foods in a report on Tuesday, December 11th. Vertical Group upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. Finally, Stephens began coverage on shares of Tyson Foods in a report on Monday, March 4th. They set an “overweight” rating and a $62.26 price target on the stock.
Shares of TSN opened at $65.60 on Friday. The stock has a market capitalization of $23.75 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.20 and a beta of 0.46. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.34 and a current ratio of 0.85. Tyson Foods has a fifty-two week low of $49.77 and a fifty-two week high of $75.78.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, May 30th. Tyson Foods’s payout ratio is 24.35%.
In related news, insider Chad Roderick Martin sold 8,233 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $62.36, for a total transaction of $513,409.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott Rouse sold 2,500 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $64.22, for a total transaction of $160,550.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,233 shares of company stock worth $701,185. Corporate insiders own 1.69% of the company’s stock.
A number of institutional investors have recently modified their holdings of TSN. Oregon Public Employees Retirement Fund lifted its position in Tyson Foods by 7,093.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,030,741 shares of the company’s stock valued at $169,000 after purchasing an additional 8,905,199 shares during the period. Norges Bank bought a new position in Tyson Foods during the fourth quarter valued at approximately $149,935,000. Boston Partners bought a new position in Tyson Foods during the fourth quarter valued at approximately $96,539,000. Columbus Hill Capital Management L.P. bought a new position in Tyson Foods during the third quarter valued at approximately $72,553,000. Finally, Point72 Asset Management L.P. lifted its position in Tyson Foods by 681.9% during the third quarter. Point72 Asset Management L.P. now owns 1,270,608 shares of the company’s stock valued at $75,639,000 after purchasing an additional 1,108,108 shares during the period. Institutional investors own 69.59% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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