TSN has been the subject of a number of other research reports. RBC Capital Markets reaffirmed a sector perform rating and set a $75.00 target price (up previously from $72.00) on shares of Tyson Foods in a report on Thursday, August 11th. Credit Agricole SA upped their target price on shares of Tyson Foods from $77.00 to $82.00 and gave the stock an outperform rating in a report on Tuesday, August 2nd. Pivotal Research reaffirmed a buy rating and set a $100.00 target price on shares of Tyson Foods in a report on Wednesday, August 10th. BMO Capital Markets reaffirmed a market perform rating and set a $77.00 target price on shares of Tyson Foods in a report on Thursday, August 11th. Finally, Zacks Investment Research lowered shares of Tyson Foods from a strong-buy rating to a hold rating in a report on Tuesday, July 12th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $68.42.
Shares of Tyson Foods (NYSE:TSN) opened at 71.58 on Tuesday. The company’s 50-day moving average is $74.17 and its 200-day moving average is $69.27. The company has a market cap of $27.35 billion, a price-to-earnings ratio of 17.40 and a beta of 0.26. Tyson Foods has a one year low of $42.89 and a one year high of $77.05.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 8th. The company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.15. The company earned $9.40 billion during 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%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. On average, equities analysts predict that Tyson Foods will post $4.53 EPS for the current year.
The firm also recently declared 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 is Tuesday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. Tyson Foods’s dividend payout ratio is presently 14.53%.
In other news, EVP Bebber David L. Van sold 70,000 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $75.00, for a total transaction of $5,250,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Curt Calaway sold 21,200 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $74.79, for a total transaction of $1,585,548.00. The disclosure for this sale can be found here. Insiders own 2.69% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Washington Trust Bank boosted its stake in shares of Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock valued at $107,000 after buying an additional 31 shares in the last quarter. Evercore Wealth Management LLC boosted its stake in shares of Tyson Foods by 22.2% in the second quarter. Evercore Wealth Management LLC now owns 1,775 shares of the company’s stock valued at $119,000 after buying an additional 323 shares in the last quarter. Financial Architects Inc boosted its stake in shares of Tyson Foods by 1,101.3% in the second quarter. Financial Architects Inc now owns 1,838 shares of the company’s stock valued at $122,000 after buying an additional 1,685 shares in the last quarter. IFP Advisors Inc boosted its stake 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 valued at $130,000 after buying an additional 359 shares in the last quarter. Finally, Kernodle & Katon Asset Management Group LLC acquired a new stake in shares of Tyson Foods during the second quarter valued at about $156,000. 74.07% of the stock is currently owned by institutional investors and hedge funds.
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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