Vetr cut shares of Tyson Foods Inc. (NYSE:TSN) from a sell rating to a strong sell rating in a research report sent to investors on Monday morning. The firm currently has $61.30 target price on the stock.
Several other equities analysts have also commented on the company. Pivotal Research lowered Tyson Foods from a buy rating to a sell rating and reduced their price target for the stock from $100.00 to $40.00 in a research report on Friday, October 7th. Jefferies Group boosted their price target on Tyson Foods from $78.00 to $80.00 and gave the stock a buy rating in a research report on Wednesday, July 27th. JPMorgan Chase & Co. reissued a focus list rating on shares of Tyson Foods in a research report on Tuesday, October 4th. Credit Agricole SA boosted their price target on Tyson Foods from $77.00 to $82.00 and gave the stock an outperform rating in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research upgraded Tyson Foods from a hold rating to a buy rating and set a $83.00 price objective on the stock in a report on Tuesday, August 9th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $68.42.
Shares of Tyson Foods (NYSE:TSN) opened at 71.56 on Monday. Tyson Foods has a 1-year low of $42.89 and a 1-year high of $77.05. The company’s 50 day moving average is $74.36 and its 200-day moving average is $69.22. The stock has a market capitalization of $27.34 billion, a price-to-earnings ratio of 17.40 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last released 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 firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.32 billion. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. Tyson Foods’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 posted $0.80 EPS. Equities analysts anticipate that Tyson Foods will post $4.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.84%. The ex-dividend date is Tuesday, November 29th. Tyson Foods’s dividend payout ratio is presently 14.53%.
In other Tyson Foods news, Director Robert C. Thurber sold 4,500 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $74.93, for a total value of $337,185.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Donald Smith sold 38,006 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $75.20, for a total value of $2,858,051.20. The disclosure for this sale can be found here. 2.69% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Bank of Montreal Can bought a new stake in shares of Tyson Foods during the second quarter valued at $169,614,000. Candriam Luxembourg S.C.A. boosted its position in Tyson Foods by 20.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 17,945 shares of the company’s stock valued at $1,199,000 after buying an additional 3,066 shares during the last quarter. Boston Advisors LLC boosted its position in Tyson Foods by 986.6% in the second quarter. Boston Advisors LLC now owns 301,645 shares of the company’s stock valued at $20,147,000 after buying an additional 273,885 shares during the last quarter. AMP Capital Investors Ltd boosted its position in Tyson Foods by 124.3% in the first quarter. AMP Capital Investors Ltd now owns 403,535 shares of the company’s stock valued at $27,263,000 after buying an additional 223,636 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Tyson Foods by 38.4% in the first quarter. Nuveen Asset Management LLC now owns 405,110 shares of the company’s stock valued at $27,005,000 after buying an additional 112,404 shares during the last quarter. 74.07% of the stock is currently owned by hedge funds and other 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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