Tyson Foods Inc. (NYSE:TSN) has earned a consensus rating of “Buy” from the fourteen analysts that are covering the stock. Six equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $74.33.
A number of equities analysts recently weighed in on TSN shares. Pivotal Research restated a “buy” rating and set a $100.00 target price on shares of Tyson Foods in a 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 target price on the stock in a report on Tuesday, August 9th. Vetr downgraded shares of Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 target price on the stock. in a report on Wednesday, June 22nd. Jefferies Group restated a “buy” rating and set a $70.00 target price on shares of Tyson Foods in a report on Tuesday, June 7th. Finally, BMO Capital Markets downgraded shares of Tyson Foods from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $78.00 to $69.00 in a report on Monday, June 6th. They noted that the move was a valuation call.
Shares of Tyson Foods (NYSE:TSN) opened at 76.02 on Monday. The company has a market capitalization of $29.04 billion, a P/E ratio of 18.48 and a beta of 0.26. Tyson Foods has a 12-month low of $42.78 and a 12-month high of $77.05. The company’s 50 day moving average is $74.98 and its 200 day moving average is $68.83.
Tyson Foods (NYSE:TSN) last issued its earnings results 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 business had revenue of $9.40 billion for the quarter, compared to the consensus estimate 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 previous year, the company earned $0.80 earnings per share. Analysts expect that Tyson Foods will post $4.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.15 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. Tyson Foods’s payout ratio is presently 14.53%.
In other news, Director Robert C. Thurber sold 4,500 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $74.93, for a total value of $337,185.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Noel W. White sold 74,500 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $74.56, for a total transaction of $5,554,720.00. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in TSN. Bank of Montreal Can acquired a new stake in shares of Tyson Foods during the second quarter worth about $169,614,000. AMP Capital Investors Ltd boosted its stake in shares of Tyson Foods by 124.3% in the first quarter. AMP Capital Investors Ltd now owns 403,535 shares of the company’s stock worth $27,263,000 after buying an additional 223,636 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Tyson Foods by 38.4% in the first quarter. Nuveen Asset Management LLC now owns 405,110 shares of the company’s stock worth $27,005,000 after buying an additional 112,404 shares during the last quarter. Boston Advisors LLC boosted its stake in shares of Tyson Foods by 986.6% in the second quarter. Boston Advisors LLC now owns 301,645 shares of the company’s stock worth $20,147,000 after buying an additional 273,885 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Tyson Foods by 1,233.6% in the first quarter. Panagora Asset Management Inc. now owns 454,892 shares of the company’s stock worth $30,323,000 after buying an additional 420,783 shares during the last quarter. 74.07% of the stock is owned by institutional investors.
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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