Shares of 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 trading hands.

Several research firms have recently weighed in on TSN. Jefferies Group reaffirmed a “buy” rating and set a $78.00 price target (up previously from $70.00) on shares of Tyson Foods in a research note on Tuesday, May 3rd. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Wednesday, May 4th. Vetr raised shares of Tyson Foods from a “strong sell” rating to a “buy” rating and set a $74.50 price objective for the company in a research note on Monday, May 2nd. Goldman Sachs Group Inc. downgraded shares of Tyson Foods from a “conviction-buy” rating to a “buy” rating and set a $80.00 price objective for the company. in a research note on Thursday, May 12th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Tyson Foods in a research note on Friday, April 15th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Tyson Foods has a consensus rating of “Hold” and a consensus price target of $69.59.

The stock has a 50-day moving average of $65.18 and a 200-day moving average of $63.34. The stock has a market cap of $28.14 billion and a price-to-earnings ratio of 19.59.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 9th. The company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.11. During the same period in the previous year, the business posted $0.75 EPS. The company had revenue of $9.17 billion for the quarter, compared to analysts’ expectations of $9.04 billion. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities research analysts anticipate that Tyson Foods Inc. will post $4.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.83%.

Other institutional investors recently bought and sold shares of the company. Mizuho Trust & Banking Co. Ltd. boosted its position 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 during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in Tyson Foods by 5.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 40,327 shares of the company’s stock worth $2,151,000 after buying an additional 2,092 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Tyson Foods by 5.1% in the fourth quarter. Advisors Asset Management Inc. now owns 54,141 shares of the company’s stock worth $2,887,000 after buying an additional 2,613 shares during the last quarter. Foresters Investment Management Company Inc. boosted its position in Tyson Foods by 1.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 597,700 shares of the company’s stock worth $31,875,000 after buying an additional 6,000 shares during the last quarter. Finally, Atlantic Trust Group LLC boosted its position in Tyson Foods by 44.1% in the fourth quarter. Atlantic Trust Group LLC now owns 20,789 shares of the company’s stock worth $1,109,000 after buying an additional 6,365 shares during 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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