Tyson Foods Inc. (NYSE:TSN) shares hit a new 52-week high 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 analysts recently weighed in on the stock. Jefferies Group reissued a “buy” rating and issued a $78.00 target price (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 target price 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 target price 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 target price 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 target price (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 assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $69.59.

The stock has a 50 day moving average price of $65.81 and a 200 day moving average price of $63.81. The stock has a market capitalization of $28.30 billion and a price-to-earnings ratio of 19.70.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.60 annualized dividend and a yield of 0.82%.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Jennison Associates purchased a new position in shares of Tyson Foods during the third quarter valued at $2,978,000. OppenheimerFunds Inc. boosted its position in shares of Tyson Foods by 25.9% in the fourth quarter. OppenheimerFunds Inc. now owns 303,051 shares of the company’s stock valued at $16,181,000 after buying an additional 62,411 shares in the last quarter. GAM Holding AG boosted its position in shares of Tyson Foods by 26.4% in the fourth quarter. GAM Holding AG now owns 67,904 shares of the company’s stock valued at $3,621,000 after buying an additional 14,165 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. boosted 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 in the last quarter. Finally, Morgan Stanley boosted its position 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 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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