Tyson Foods Inc. (NYSE:TSN)‘s stock had its “focus list” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday.
A number of other equities research analysts have also issued reports on TSN. BMO Capital Markets lowered shares of Tyson Foods from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $78.00 to $69.00 in a report on Monday, June 6th. They noted that the move was a valuation call. Jefferies Group reaffirmed a “buy” rating and set a $70.00 price objective on shares of Tyson Foods in a report on Tuesday, June 7th. Vetr lowered shares of Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 price objective for the company. in a report on Wednesday, June 22nd. Zacks Investment Research lowered shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Credit Agricole SA increased their price objective on shares of Tyson Foods from $77.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, August 2nd. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $72.22.
Shares of Tyson Foods (NYSE:TSN) traded down 1.498% during midday trading on Tuesday, hitting $73.975. 564,858 shares of the stock were exchanged. The firm has a market cap of $28.26 billion, a PE ratio of 17.986 and a beta of 0.26. Tyson Foods has a 52-week low of $42.89 and a 52-week high of $77.05. The firm’s 50-day moving average is $74.98 and its 200 day moving average is $69.01.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.15. The company earned $9.40 billion during the quarter, compared to analyst estimates of $9.32 billion. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. On average, analysts forecast that Tyson Foods will post $4.53 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.80%. Tyson Foods’s dividend payout ratio (DPR) is 14.53%.
In other news, Director Robert C. Thurber sold 4,500 shares of Tyson Foods stock in a transaction on Friday, August 12th. The stock was sold at an average price of $74.93, for a total transaction of $337,185.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Noel W. White sold 74,934 shares of Tyson Foods stock in a transaction on Friday, August 26th. The stock was sold at an average price of $75.44, for a total value of $5,653,020.96. The disclosure for this sale can be found here. Insiders own 2.69% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp increased its stake in Tyson Foods by 21.0% in the first quarter. M&T Bank Corp now owns 32,474 shares of the company’s stock valued at $2,166,000 after buying an additional 5,633 shares during the period. Menta Capital LLC purchased a new position in shares of Tyson Foods during the first quarter valued at approximately $2,286,000. Landscape Capital Management L.L.C. raised its position in shares of Tyson Foods by 47.0% in the first quarter. Landscape Capital Management L.L.C. now owns 22,200 shares of the company’s stock valued at $1,480,000 after buying an additional 7,100 shares in the last quarter. Advisor Partners LLC purchased a new position in shares of Tyson Foods during the first quarter valued at approximately $221,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Tyson Foods during the first quarter valued at approximately $16,144,000. Institutional investors and hedge funds own 74.07% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.
Receive News & Ratings for Tyson Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.