Tyson Foods (NYSE:TSN) Sets New 12-Month High – Time to Buy?

Shares of Tyson Foods, Inc. (NYSE:TSNGet Free Report) hit a new 52-week high on Monday . The company traded as high as $65.96 and last traded at $64.3690, with a volume of 4424846 shares changing hands. The stock had previously closed at $65.22.

Trending Headlines about Tyson Foods

Here are the key news stories impacting Tyson Foods this week:

Wall Street Analyst Weigh In

Several analysts recently weighed in on TSN shares. Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. BMO Capital Markets increased their target price on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday. Bank of America decreased their target price on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Sanford C. Bernstein reiterated a “market perform” rating and set a $69.00 price target on shares of Tyson Foods in a report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $64.27.

Check Out Our Latest Stock Report on TSN

Tyson Foods Stock Down 1.6%

The stock has a market cap of $22.84 billion, a price-to-earnings ratio of 115.51, a price-to-earnings-growth ratio of 1.48 and a beta of 0.48. The firm’s fifty day moving average price is $59.40 and its two-hundred day moving average price is $56.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66.

Tyson Foods (NYSE:TSNGet Free Report) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The firm had revenue of $14.31 billion for the quarter, compared to analyst estimates of $14.11 billion. During the same period last year, the company posted $1.14 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, February 27th. Tyson Foods’s payout ratio is 153.38%.

Insider Transactions at Tyson Foods

In other news, CFO Curt Calaway sold 6,539 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total value of $373,965.41. Following the completion of the sale, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at $1,820,529.27. This represents a 17.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $58.05, for a total value of $5,822,473.05. Following the transaction, the chairman directly owned 2,989,415 shares in the company, valued at approximately $173,535,540.75. The trade was a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tyson Foods

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Tyson Foods by 1.5% during the second quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock valued at $2,042,085,000 after purchasing an additional 543,513 shares in the last quarter. State Street Corp increased its stake in Tyson Foods by 0.6% in the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after buying an additional 85,282 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Tyson Foods by 0.9% during the 3rd quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company’s stock worth $750,943,000 after buying an additional 120,826 shares in the last quarter. Davis Selected Advisers boosted its stake in shares of Tyson Foods by 28.8% in the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after buying an additional 2,865,413 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Tyson Foods by 1.7% in the second quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock valued at $411,571,000 after acquiring an additional 122,055 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Company Profile

(Get Free Report)

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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