Tyson Foods Inc. (NYSE:TSN) – Investment analysts at Credit Agricole SA raised their FY2016 earnings per share estimates for shares of Tyson Foods in a research report issued to clients and investors on Monday. Credit Agricole SA analyst J. Scott now forecasts that the firm will post earnings per share of $4.67 for the year, up from their prior forecast of $4.55. Credit Agricole SA has a “Outperform” rating and a $82.00 price target on the stock. Credit Agricole SA also issued estimates for Tyson Foods’ FY2017 earnings at $5.11 EPS and FY2018 earnings at $5.22 EPS.
Other equities research analysts have also recently issued reports about the stock. Pivotal Research reiterated a “buy” rating and set a $100.00 price objective on shares of Tyson Foods in a research report on Wednesday, August 10th. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Tuesday, August 9th. Vetr cut 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 research report on Wednesday, June 22nd. Jefferies Group increased their price objective on shares of Tyson Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. reiterated a “focus list” rating on shares of Tyson Foods in a research report on Tuesday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $68.42.
Shares of Tyson Foods (NYSE:TSN) opened at 71.38 on Tuesday. Tyson Foods has a one year low of $42.89 and a one year high of $77.05. The stock has a 50 day moving average of $74.47 and a 200-day moving average of $69.21. The company has a market capitalization of $27.27 billion, a PE ratio of 17.35 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.15. The company had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.32 billion. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. Tyson Foods’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSN. Vanguard Group Inc. raised its position in Tyson Foods by 4.8% in the second quarter. Vanguard Group Inc. now owns 28,226,216 shares of the company’s stock worth $1,885,228,000 after buying an additional 1,298,587 shares during the last quarter. State Street Corp raised its position in Tyson Foods by 0.4% in the second quarter. State Street Corp now owns 12,906,720 shares of the company’s stock worth $862,034,000 after buying an additional 54,228 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Tyson Foods by 6.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,589,898 shares of the company’s stock worth $573,719,000 after buying an additional 483,951 shares during the last quarter. Bank of New York Mellon Corp raised its position in Tyson Foods by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 7,999,802 shares of the company’s stock worth $534,307,000 after buying an additional 79,878 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Tyson Foods by 9.5% in the second quarter. Ameriprise Financial Inc. now owns 7,573,609 shares of the company’s stock worth $505,853,000 after buying an additional 655,290 shares during the last quarter. 74.07% of the stock is currently owned by institutional investors.
In related news, insider Noel W. White sold 74,934 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $75.44, for a total transaction of $5,653,020.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman John H. Tyson sold 282,478 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $74.22, for a total transaction of $20,965,517.16. The disclosure for this sale can be found here. Corporate insiders own 2.69% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Tuesday, November 29th. Tyson Foods’s payout ratio is currently 14.53%.
About Tyson Foods
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.
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