Tyson Foods (NYSE:TSN) PT Raised to $59.00

Tyson Foods (NYSE:TSN) had its price target upped by JPMorgan Chase & Co. from $58.00 to $59.00 in a report published on Monday.

A number of other analysts also recently issued reports on TSN. Bank of America upgraded shares of Tyson Foods from an underperform rating to a neutral rating and lifted their price objective for the company from $47.00 to $62.00 in a report on Tuesday, February 6th. BMO Capital Markets raised their price target on Tyson Foods from $52.00 to $55.00 and gave the stock a market perform rating in a research report on Tuesday, February 6th. Piper Sandler lifted their target price on Tyson Foods from $44.00 to $48.00 and gave the company a neutral rating in a research report on Friday, January 26th. Barclays upgraded Tyson Foods from an underweight rating to an overweight rating and increased their target price for the company from $53.00 to $69.00 in a research report on Tuesday, April 16th. Finally, StockNews.com raised Tyson Foods from a sell rating to a hold rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $60.22.

Tyson Foods Stock Up 0.9 %

Shares of NYSE TSN opened at $59.65 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. Tyson Foods has a 52-week low of $44.94 and a 52-week high of $62.04. The firm has a 50 day moving average price of $58.00 and a 200 day moving average price of $53.66. The stock has a market cap of $21.26 billion, a P/E ratio of -24.15, a P/E/G ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. During the same period in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Analysts expect that Tyson Foods will post 2.33 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.29%. Tyson Foods’s dividend payout ratio (DPR) is currently -79.35%.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.05% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Sugarloaf Wealth Management LLC raised its holdings in shares of Tyson Foods by 74.7% during the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares in the last quarter. First Financial Corp IN bought a new position in shares of Tyson Foods during the first quarter worth $35,000. Manchester Capital Management LLC grew its position in shares of Tyson Foods by 501.9% during the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after purchasing an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the last quarter. Finally, Pittenger & Anderson Inc. bought a new position in Tyson Foods during the first quarter valued at $42,000. Hedge funds and other institutional investors own 67.00% 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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.