Tyson Foods Inc. (TSN) Sets New 52-Week High at $74.31
Shares of Tyson Foods Inc. (NYSE:TSN) reached a new 52-week high during trading on Monday . The company traded as high as $74.31 and last traded at $74.15, with a volume of 978,748 shares changing hands. The stock had previously closed at $73.60.
TSN has been the topic of a number of analyst reports. Vetr raised Tyson Foods from a “buy” rating to a “strong-buy” rating and set a $74.50 price objective on the stock in a research note on Tuesday, May 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $65.00 price objective (up previously from $60.00) on shares of Tyson Foods in a research note on Friday, April 15th. BMO Capital Markets lowered Tyson Foods from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $78.00 to $69.00 in a research note on Monday, June 6th. They noted that the move was a valuation call. Jefferies Group increased their price objective on Tyson Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. downgraded Tyson Foods from a “conviction-buy” rating to a “buy” rating and set a $80.00 target price on the stock. in a research report on Thursday, May 12th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $70.69.
The company has a market capitalization of $28.57 billion and a price-to-earnings ratio of 19.88. The stock’s 50 day moving average price is $67.64 and its 200-day moving average price is $64.56.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 9th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.11. The company earned $9.17 billion during the quarter, compared to analyst estimates of $9.04 billion. The business’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Equities research analysts expect that Tyson Foods Inc. will post $4.34 EPS 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 issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, August 30th.
Several hedge funds and institutional investors have modified their holdings of TSN. I.G. Investment Management LTD. increased its position in shares of Tyson Foods by 60.0% in the fourth quarter. I.G. Investment Management LTD. now owns 19,515 shares of the company’s stock worth $1,041,000 after buying an additional 7,315 shares in the last quarter. Atlantic Trust Group LLC increased 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 worth $1,109,000 after buying an additional 6,365 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased 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 worth $2,151,000 after buying an additional 2,092 shares in the last quarter. Matarin Capital Management LLC acquired a new position in shares of Tyson Foods during the fourth quarter worth $2,493,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Tyson Foods by 15.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 52,764 shares of the company’s stock worth $2,814,000 after buying an additional 6,909 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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