Tyson Foods Inc. (NYSE:TSN) gapped up before the market opened on Friday . The stock had previously closed at $71.12, but opened at $71.13. Tyson Foods shares last traded at $72.29, with a volume of 1,174,493 shares.

A number of equities research analysts have commented on TSN shares. Goldman Sachs Group Inc. lowered Tyson Foods from a “conviction-buy” rating to a “buy” rating and set a $80.00 price objective for the company. in a research report on Thursday, May 12th. BMO Capital Markets restated a “buy” rating on shares of Tyson Foods in a research report on Tuesday, May 10th. Jefferies Group restated a “buy” rating on shares of Tyson Foods in a research report on Tuesday, May 10th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Wednesday, May 4th. Finally, Vetr upgraded Tyson Foods from a “strong sell” rating to a “buy” rating and set a $74.50 price objective for the company in a research report on Monday, May 2nd. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Tyson Foods has a consensus rating of “Hold” and an average target price of $69.59.

The company has a 50-day moving average of $65.18 and a 200 day moving average of $63.34. The firm has a market cap of $28.14 billion and a P/E ratio of 19.59.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 9th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.11. The business earned $9.17 billion during the quarter, compared to the consensus estimate of $9.04 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue was down 8.1% compared to the same quarter last year. On average, analysts anticipate that Tyson Foods Inc. will post $4.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a $0.15 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%.

Other large investors have made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Tyson Foods by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 25,825,088 shares of the company’s stock valued at $1,377,252,000 after buying an additional 1,125,168 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Tyson Foods by 30.6% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 679,876 shares of the company’s stock valued at $36,258,000 after buying an additional 159,307 shares during the period. Morgan Stanley increased its stake in shares of Tyson Foods by 23.0% in the fourth quarter. Morgan Stanley now owns 719,155 shares of the company’s stock valued at $38,353,000 after buying an additional 134,283 shares during the period. BP PLC increased its stake in shares of Tyson Foods by 37.5% in the fourth quarter. BP PLC now owns 275,000 shares of the company’s stock valued at $14,663,000 after buying an additional 75,000 shares during the period. Finally, State of Tennessee Treasury Department increased its stake in shares of Tyson Foods by 26.7% in the fourth quarter. State of Tennessee Treasury Department now owns 344,348 shares of the company’s stock valued at $18,364,000 after buying an additional 72,624 shares during the period.

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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