A number of other research analysts also recently weighed in on TSN. Zacks Investment Research downgraded shares of Tyson Foods from a strong-buy rating to a hold rating in a research report on Tuesday, July 12th. RBC Capital Markets reissued a sector perform rating and set a $72.00 target price (up from $68.00) on shares of Tyson Foods in a research report on Friday, August 5th. Jefferies Group reissued a buy rating and set a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, June 7th. BMO Capital Markets reissued a market perform rating and set a $77.00 target price on shares of Tyson Foods in a research report on Thursday, August 11th. Finally, Vetr downgraded shares of Tyson Foods from a buy rating to a hold rating and set a $69.00 target price for the company. in a research report on Thursday, June 30th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Tyson Foods presently has a consensus rating of Buy and a consensus price target of $72.22.
Shares of Tyson Foods (NYSE:TSN) opened at 73.67 on Tuesday. Tyson Foods has a 52-week low of $42.89 and a 52-week high of $77.05. The stock has a 50 day moving average of $74.94 and a 200-day moving average of $69.06. The firm has a market capitalization of $28.15 billion, a P/E ratio of 17.91 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.15. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The business earned $9.40 billion during the quarter, compared to the consensus estimate of $9.32 billion. During the same period in the prior year, the firm posted $0.80 EPS. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. Equities analysts expect that Tyson Foods will post $4.53 earnings per share for the current fiscal year.
The business also recently disclosed 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. This represents a $0.60 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is currently 14.53%.
In related news, Director Robert C. Thurber sold 4,500 shares of Tyson Foods stock in a transaction on 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 SEC, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 282,478 shares of Tyson Foods stock in a transaction on Wednesday, August 17th. The stock was 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. Insiders own 2.69% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Washington Trust Bank boosted its position 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 worth $107,000 after buying an additional 31 shares during the last quarter. Evercore Wealth Management LLC boosted its position 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 worth $119,000 after buying an additional 323 shares during the last quarter. Financial Architects Inc boosted its position 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 worth $122,000 after buying an additional 1,685 shares during the last quarter. IFP Advisors Inc boosted 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 during the last quarter. Finally, Kernodle & Katon Asset Management Group LLC acquired a new position in shares of Tyson Foods during the second quarter worth approximately $156,000. Institutional investors own 74.07% of the company’s stock.
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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