Tyson Foods Inc. (TSN) Hits New 52-Week High at $75.63
Tyson Foods Inc. (NYSE:TSN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $75.63 and last traded at $75.53, with a volume of 1,454,822 shares trading hands. The stock had previously closed at $74.88.
A number of equities research analysts have issued reports on the company. RBC Capital Markets reiterated a “sector perform” rating and issued a $75.00 target price (up 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 issued a $77.00 target price on shares of Tyson Foods in a research note on Thursday, August 11th. Pivotal Research reiterated a “buy” rating and issued a $100.00 target price on shares of Tyson Foods in a research note on Wednesday, August 10th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Tuesday, August 9th. Finally, Credit Agricole SA raised their target price on Tyson Foods from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Tyson Foods currently has an average rating of “Buy” and a consensus target price of $72.22.
The firm has a 50-day moving average price of $72.20 and a 200 day moving average price of $66.75. The company has a market cap of $28.88 billion and a PE ratio of 18.38.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 8th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. During the same quarter last year, the company earned $0.80 earnings per share. The company earned $9.40 billion during the quarter, compared to the consensus estimate of $9.32 billion. The business’s revenue was down 6.6% on a year-over-year basis. Equities analysts expect that Tyson Foods Inc. will post $4.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Tuesday, November 29th.
In other Tyson Foods news, EVP Bebber David L. Van sold 70,000 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $75.00, for a total value of $5,250,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Curt Calaway sold 21,200 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $74.79, for a total value of $1,585,548.00. The disclosure for this sale can be found here.
Other hedge funds recently made changes to their positions in the company. Matarin Capital Management LLC bought a new stake in shares of Tyson Foods during the fourth quarter worth $2,493,000. Advisors Asset Management Inc. boosted its stake 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. BNP Paribas Arbitrage SA boosted its stake in shares of Tyson Foods by 25.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 93,103 shares of the company’s stock valued at $4,965,000 after buying an additional 18,900 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in shares of Tyson Foods by 26.7% in the fourth quarter. State of Tennessee Treasury Department now owns 344,348 shares of the company’s stock valued at $18,364,000 after buying an additional 72,624 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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