BMO Capital Markets upgraded shares of Tyson Foods Inc. (NYSE:TSN) from a market perform rating to an outperform rating in a research report released on Tuesday morning. The brokerage currently has $84.00 price target on the stock, up from their previous price target of $70.50.
Other analysts have also recently issued reports about the stock. RBC Capital Markets restated a sector perform rating and set a $75.00 price target (up from $72.00) on shares of Tyson Foods in a report on Thursday, August 11th. Vetr cut shares of Tyson Foods from a strong-buy rating to a buy rating and set a $69.00 price target for the company. in a report on Wednesday, June 22nd. Credit Agricole SA raised their price target 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 restated a buy rating and set a $100.00 price target on shares of Tyson Foods in a report on Wednesday, August 10th. Finally, Zacks Investment Research cut shares of Tyson Foods from a strong-buy rating to a hold rating in a research note 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 given a buy rating to the company. The company has an average rating of Hold and an average target price of $68.42.
Shares of Tyson Foods (NYSE:TSN) opened at 71.58 on Tuesday. The firm has a market cap of $27.35 billion, a price-to-earnings ratio of 17.40 and a beta of 0.26. The stock has a 50 day moving average of $74.17 and a 200 day moving average of $69.27. Tyson Foods has a 52-week low of $42.89 and a 52-week high of $77.05.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 8th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.06 by $0.15. The business 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 quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. Equities analysts predict that Tyson Foods will post $4.53 EPS for the current fiscal year.
The business also recently announced 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 yield of 0.84%. The ex-dividend date of this dividend is Tuesday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is currently 14.53%.
In other Tyson Foods news, insider Noel W. White sold 74,934 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $75.44, for a total value of $5,653,020.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman John H. Tyson sold 282,478 shares of the business’s stock in a transaction on 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.
A number of large investors have recently made changes to their positions in the stock. Washington Trust Bank raised 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 during the period. Evercore Wealth Management LLC raised 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 during the period. Financial Architects Inc raised 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 during the period. IFP Advisors Inc raised 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 during the period. 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. 74.12% of the stock is currently owned by hedge funds and other institutional investors.
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.
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