Tyson Foods Inc. (TSN) Stock Price Up 1.6%
Tyson Foods Inc. (NYSE:TSN) shares rose 1.6% during trading on Tuesday . The company traded as high as $71.16 and last traded at $71.02, with a volume of 2,756,578 shares trading hands. The stock had previously closed at $69.89.
TSN has been the topic of a number of recent research reports. Vetr downgraded Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 target price on the stock. in a research note on Wednesday, June 22nd. Jefferies Group boosted their target price on Tyson Foods from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 11th. BB&T Corp. downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 4th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $65.00 target price (up previously from $60.00) on shares of Tyson Foods in a research note on Friday, April 15th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Tyson Foods presently has an average rating of “Hold” and a consensus price target of $69.59.
The company’s 50-day moving average is $64.51 and its 200-day moving average is $63.09. The stock has a market capitalization of $27.63 billion and a PE ratio of 19.23.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 9th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.11. The firm earned $9.17 billion during the quarter, compared to analyst estimates of $9.04 billion. During the same period in the prior year, the business earned $0.75 EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts expect that Tyson Foods Inc. will post $4.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, August 30th.
In related news, EVP Howell P. Carper sold 64,763 shares of Tyson Foods stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $63.77, for a total value of $4,129,936.51. Following the sale, the executive vice president now owns 52,783 shares of the company’s stock, valued at $3,365,971.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Several hedge funds recently added to or reduced their stakes in the stock. BP PLC increased its stake in Tyson Foods by 37.5% in the fourth quarter. BP PLC now owns 275,000 shares of the company’s stock worth $14,663,000 after buying an additional 75,000 shares in the last quarter. Madison Investment Holdings Inc. increased its stake in Tyson Foods by 1.3% in the fourth quarter. Madison Investment Holdings Inc. now owns 552,000 shares of the company’s stock worth $29,438,000 after buying an additional 7,000 shares in the last quarter. BOKF NA increased its stake in Tyson Foods by 32.7% in the fourth quarter. BOKF NA now owns 142,874 shares of the company’s stock worth $7,619,000 after buying an additional 35,173 shares in the last quarter. Gratus Capital LLC increased its stake in Tyson Foods by 3.7% in the fourth quarter. Gratus Capital LLC now owns 58,397 shares of the company’s stock worth $3,114,000 after buying an additional 2,076 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. increased its stake in Tyson Foods by 0.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 447,407 shares of the company’s stock worth $24,062,000 after buying an additional 1,409 shares in the last quarter.
Tyson Foods, Inc, is a food production company. The Company’s operations are conducted in five segments: Chicken, Beef, Pork, Prepared Foods and International. Chicken, includes domestic operations related of raising and processing live chickens into fresh, frozen and value-added chicken products, and sales of allied products.
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