Tyson Foods Inc. (TSN) Hits New 52-Week High at $76.91
Tyson Foods Inc. (NYSE:TSN) shares reached a new 52-week high on Friday . The company traded as high as $76.91 and last traded at $76.50, with a volume of 948,817 shares trading hands. The stock had previously closed at $75.48.
A number of research firms have weighed in on TSN. Zacks Investment Research cut shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. BMO Capital Markets restated a “buy” rating on shares of Tyson Foods in a research note on Tuesday, May 10th. RBC Capital Markets restated a “sector perform” rating and set a $72.00 price target (up from $68.00) on shares of Tyson Foods in a research note on Friday, August 5th. Royal Bank Of Canada restated a “sector perform” rating and set a $68.00 price target (up from $65.00) on shares of Tyson Foods in a research note on Tuesday, May 10th. Finally, Goldman Sachs Group Inc. cut shares of Tyson Foods from a “conviction-buy” rating to a “buy” rating and set a $80.00 price target on the stock. in a research note on Thursday, May 12th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $72.22.
The company has a market cap of $29.20 billion and a PE ratio of 18.58. The company has a 50-day moving average price of $73.88 and a 200 day moving average price of $67.60.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 8th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 earnings per share. On average, equities research 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. Stockholders of record on Thursday, December 1st will be paid 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 0.78%.
In related news, insider Noel W. White sold 74,934 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $75.44, for a total value of $5,653,020.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Bebber David L. Van sold 70,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $75.00, for a total transaction of $5,250,000.00. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Tyson Foods stock. BNP Paribas Arbitrage SA raised its position in Tyson Foods Inc. (NYSE:TSN) by 25.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.
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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