A number of other brokerages have also issued reports on TSN. JPMorgan Chase & Co. reissued a focus list rating on shares of Tyson Foods in a research note on Tuesday, October 4th. Zacks Investment Research raised shares of Tyson Foods from a hold rating to a buy rating and set a $83.00 target price for the company in a research note on Tuesday, August 9th. Jefferies Group boosted their target price on shares of Tyson Foods from $78.00 to $80.00 and gave the company a buy rating in a research note on Wednesday, July 27th. Pivotal Research lowered shares of Tyson Foods from a buy rating to a sell rating and lowered their target price for the company from $100.00 to $40.00 in a research note on Friday, October 7th. Finally, BMO Capital Markets reissued a market perform rating and set a $77.00 target price on shares of Tyson Foods in a research note on Thursday, August 11th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $68.42.
Shares of Tyson Foods (NYSE:TSN) opened at 72.03 on Monday. The stock’s 50 day moving average is $74.28 and its 200-day moving average is $69.24. Tyson Foods has a one year low of $42.89 and a one year high of $77.05. The stock has a market cap of $27.52 billion, a P/E ratio of 17.51 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 firm 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 business’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. On average, equities analysts forecast that Tyson Foods will post $4.53 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.15 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.83%. Tyson Foods’s dividend payout ratio is presently 14.53%.
In other Tyson Foods news, Chairman John H. Tyson sold 282,478 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $74.22, for a total value of $20,965,517.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donnie King sold 146,641 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $75.75, for a total transaction of $11,108,055.75. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the company. IFP Advisors Inc increased its position in shares of Tyson Foods by 22.6% in the first quarter. IFP Advisors Inc now owns 1,945 shares of the company’s stock worth $130,000 after buying an additional 359 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Tyson Foods by 103.7% in the first quarter. JPMorgan Chase & Co. now owns 3,916,007 shares of the company’s stock worth $261,043,000 after buying an additional 1,993,213 shares in the last quarter. Advisor Partners LLC purchased a new position in shares of Tyson Foods during the first quarter worth approximately $221,000. Landscape Capital Management L.L.C. increased 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 worth $1,480,000 after buying an additional 7,100 shares in the last quarter. Finally, Menta Capital LLC purchased a new position in shares of Tyson Foods during the first quarter worth approximately $2,286,000. Institutional investors and hedge funds own 74.07% of the company’s stock.
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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