Tyson Foods Inc. (NYSE:TSN)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $73.20 and last traded at $72.76, with a volume of 1,158,234 shares trading hands. The stock had previously closed at $72.39.

Several research firms recently issued reports on TSN. Jefferies Group upped their price objective on Tyson Foods from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, July 15th. BMO Capital Markets reaffirmed a “buy” rating on shares of Tyson Foods in a research report on Tuesday, May 10th. Goldman Sachs Group Inc. cut Tyson Foods from a “conviction-buy” rating to a “buy” rating and set a $80.00 price objective on the stock. in a research report on Thursday, May 12th. Zacks Investment Research cut Tyson Foods from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $68.00 price objective (up from $65.00) on shares of Tyson Foods in a research report on Tuesday, May 10th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Tyson Foods currently has an average rating of “Hold” and a consensus target price of $69.59.

The company has a market capitalization of $28.43 billion and a PE ratio of 19.79. The company has a 50 day moving average of $65.18 and a 200-day moving average of $63.34.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data 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 business had revenue of $9.17 billion for the quarter, compared to analysts’ expectations of $9.04 billion. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share. Equities research analysts anticipate that Tyson Foods Inc. will post $4.33 earnings per share for the current fiscal year.

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

A number of institutional investors have modified their holdings of TSN. Mizuho Trust & Banking Co. Ltd. raised its position in shares of Tyson Foods by 0.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 447,407 shares of the company’s stock valued at $24,062,000 after buying an additional 1,409 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of 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 valued at $2,151,000 after buying an additional 2,092 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Tyson Foods by 5.1% in the fourth quarter. Advisors Asset Management Inc. now owns 54,141 shares of the company’s stock valued at $2,887,000 after buying an additional 2,613 shares during the last quarter. Foresters Investment Management Company Inc. raised its position in shares of Tyson Foods by 1.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 597,700 shares of the company’s stock valued at $31,875,000 after buying an additional 6,000 shares during the last quarter. Finally, Atlantic Trust Group LLC raised its position in shares of Tyson Foods by 44.1% in the fourth quarter. Atlantic Trust Group LLC now owns 20,789 shares of the company’s stock valued at $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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