Tyson Foods Inc. (TSN) Rating Increased to Sell at Vetr Inc.
Tyson Foods Inc. (NYSE:TSN) was upgraded by investment analysts at Vetr from a “strong sell” rating to a “sell” rating in a report released on Tuesday. The brokerage currently has a $68.87 price objective on the stock. Vetr‘s target price would suggest a potential downside of 3.76% from the company’s previous close.
Several other brokerages have also recently weighed in on TSN. JPMorgan Chase & Co. reiterated a “focus list” rating on shares of Tyson Foods in a research note on Tuesday, October 4th. RBC Capital Markets reiterated a “sector perform” rating and set a $75.00 price target (up previously from $72.00) on shares of Tyson Foods in a research note on Thursday, August 11th. BMO Capital Markets reiterated a “market perform” rating and set a $77.00 price target on shares of Tyson Foods in a research note on Thursday, August 11th. Pivotal Research reiterated a “buy” rating and set a $100.00 price target on shares of Tyson Foods in a research note on Wednesday, August 10th. Finally, Credit Agricole SA lifted their price target on shares of Tyson Foods from $77.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Tyson Foods presently has a consensus rating of “Hold” and an average target price of $68.42.
Shares of Tyson Foods (NYSE:TSN) opened at 71.56 on Tuesday. The firm’s 50-day moving average is $74.36 and its 200 day moving average is $69.22. Tyson Foods has a 52-week low of $42.89 and a 52-week high of $77.05. The stock has a market capitalization of $27.34 billion, a price-to-earnings ratio of 17.40 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.15. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The company had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.32 billion. During the same quarter last year, the company posted $0.80 earnings per share. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. Equities analysts expect that Tyson Foods will post $4.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Tyson Foods’s dividend payout ratio (DPR) is presently 14.53%.
In other news, Chairman John H. Tyson sold 282,478 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $74.22, for a total value of $20,965,517.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Noel W. White sold 74,934 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $75.44, for a total transaction of $5,653,020.96. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Washington Trust Bank increased its stake in Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock worth $107,000 after buying an additional 31 shares during the period. Evercore Wealth Management LLC increased its stake in Tyson Foods by 22.2% in the second quarter. Evercore Wealth Management LLC now owns 1,775 shares of the company’s stock worth $119,000 after buying an additional 323 shares during the period. Financial Architects Inc increased its stake in Tyson Foods by 1,101.3% in the second quarter. Financial Architects Inc now owns 1,838 shares of the company’s stock worth $122,000 after buying an additional 1,685 shares during the period. IFP Advisors Inc increased its stake in Tyson Foods by 22.6% in the first quarter. IFP Advisors Inc now owns 1,945 shares of the company’s stock worth $130,000 after buying an additional 359 shares during the period. Finally, Kernodle & Katon Asset Management Group LLC acquired a new stake in Tyson Foods during the second quarter worth $156,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.
Tyson Foods Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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