Tyson Foods (NYSE:TSN) Hits New 52-Week High – Here’s Why

Shares of Tyson Foods, Inc. (NYSE:TSN) hit a new 52-week high during trading on Tuesday . The company traded as high as $64.68 and last traded at $64.82, with a volume of 560333 shares traded. The stock had previously closed at $63.73.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSN. BMO Capital Markets set a $67.00 target price on Tyson Foods and gave the company an “outperform” rating in a report on Thursday, January 8th. Bank of America cut their price target on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Piper Sandler raised their target price on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.60.

Tyson Foods Price Performance

The stock has a market capitalization of $23.02 billion, a price-to-earnings ratio of 49.03, a price-to-earnings-growth ratio of 1.45 and a beta of 0.48. The company has a 50-day simple moving average of $58.84 and a two-hundred day simple moving average of $55.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.55 and a quick ratio of 0.66.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, November 10th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The company had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.08 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.51 per share. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, February 27th. Tyson Foods’s dividend payout ratio is 153.38%.

Insider Activity at Tyson Foods

In other Tyson Foods news, CFO Curt Calaway sold 6,539 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total value of $373,965.41. Following the transaction, the chief financial officer directly owned 31,833 shares in the company, valued at approximately $1,820,529.27. This trade represents a 17.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the transaction, the chairman directly owned 2,989,415 shares in the company, valued at approximately $173,535,540.75. The trade was a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.11% of the company’s stock.

Hedge Funds Weigh In On Tyson Foods

Institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in shares of Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after purchasing an additional 228 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Tyson Foods in the 3rd quarter valued at $28,000. NewSquare Capital LLC grew its position in Tyson Foods by 175.3% in the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after acquiring an additional 326 shares during the last quarter. City Holding Co. bought a new stake in shares of Tyson Foods during the 4th quarter valued at approximately $29,000. Finally, First Command Advisory Services Inc. grew its stake in shares of Tyson Foods by 389.8% during the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after buying an additional 460 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.