Tyson Foods Inc. (TSN) Hits New 12-Month High at $76.91
Tyson Foods Inc. (NYSE:TSN) shares hit a new 52-week high during trading on Friday . The stock traded as high as $76.91 and last traded at $76.50, with a volume of 948,817 shares. The stock had previously closed at $75.48.
Several research analysts have recently commented on TSN shares. Jefferies Group lifted their target price on Tyson Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Vetr lowered Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 target price for the company. 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 stock an “outperform” rating in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Tuesday, August 9th. Finally, 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. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $72.22.
The stock has a market cap of $29.25 billion and a P/E ratio of 18.61. The company has a 50 day moving average price of $73.70 and a 200-day moving average price of $67.53.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 8th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. The firm earned $9.40 billion during the quarter, compared to analyst estimates of $9.32 billion. The company’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the company earned $0.80 EPS. On average, analysts forecast that Tyson Foods Inc. will post $4.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.15 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.79%.
In other Tyson Foods news, insider Noel W. White sold 74,934 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $75.44, for a total value of $5,653,020.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John H. Tyson sold 282,478 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $74.22, for a total value of $20,965,517.16. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Tyson Foods stock. BNP Paribas Arbitrage SA boosted its stake in shares of Tyson Foods Inc. (NYSE:TSN) by 25.5% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 93,103 shares of the company’s stock after buying an additional 18,900 shares during the period. BNP Paribas Arbitrage SA’s holdings in Tyson Foods were worth $4,965,000 at the end of the most recent 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.