Tyson Foods Inc. (TSN) Receives “Focus List” Rating from JPMorgan Chase & Co.
Other research analysts have also recently issued research reports about the company. RBC Capital Markets reiterated a sector perform rating and issued a $75.00 target price (up previously from $72.00) on shares of Tyson Foods in a research report on Thursday, August 11th. Vetr cut Tyson Foods from a strong-buy rating to a buy rating and set a $69.00 target price on the stock. in a research report on Wednesday, June 22nd. Credit Agricole SA lifted their target price on Tyson Foods from $77.00 to $82.00 and gave the company an outperform rating in a research report on Tuesday, August 2nd. Pivotal Research reiterated a buy rating and issued a $100.00 target price on shares of Tyson Foods in a research report on Wednesday, August 10th. Finally, BMO Capital Markets reiterated a market perform rating and issued a $77.00 target price on shares of Tyson Foods in a research report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Tyson Foods has an average rating of Buy and an average price target of $67.93.
Shares of Tyson Foods (NYSE:TSN) opened at 67.75 on Tuesday. Tyson Foods has a 52 week low of $42.89 and a 52 week high of $77.05. The company has a market capitalization of $25.88 billion, a PE ratio of 16.47 and a beta of 0.26. The stock has a 50 day moving average price of $74.71 and a 200-day moving average price of $69.14.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.15. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. The firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.32 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts expect that Tyson Foods will post $4.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently 14.53%.
In other Tyson Foods news, SVP Curt Calaway sold 21,200 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $74.79, for a total value of $1,585,548.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Noel W. White sold 74,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $74.56, for a total value of $5,554,720.00. The disclosure for this sale can be found here. 2.69% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC raised its position in shares of Tyson Foods by 87.2% in the third quarter. Advisory Services Network LLC now owns 22,966 shares of the company’s stock valued at $1,715,000 after buying an additional 10,695 shares during the period. Foundry Partners LLC increased its stake in Tyson Foods by 9.2% in the third quarter. Foundry Partners LLC now owns 216,651 shares of the company’s stock valued at $16,177,000 after buying an additional 18,231 shares in the last quarter. Copper Rock Capital Partners LLC increased its stake in Tyson Foods by 88.0% in the third quarter. Copper Rock Capital Partners LLC now owns 5,325 shares of the company’s stock valued at $398,000 after buying an additional 2,493 shares in the last quarter. Summit Financial Wealth Advisors LLC purchased a new stake in Tyson Foods during the third quarter valued at approximately $1,629,000. Finally, Eqis Capital Management Inc. purchased a new stake in Tyson Foods during the third quarter valued at approximately $1,008,000. 74.07% of the stock is currently owned by hedge funds and other institutional investors.
About Tyson Foods
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.
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