Argus cut shares of Tyson Foods (NYSE:TSN) from a buy rating to a hold rating in a report published on Wednesday, Marketbeat reports.

Several other brokerages also recently weighed in on TSN. Zacks Investment Research raised shares of Tyson Foods from a sell rating to a hold rating in a research report on Monday, May 28th. Sanford C. Bernstein assumed coverage on shares of Tyson Foods in a research report on Thursday, May 10th. They set an outperform rating for the company. Buckingham Research reissued a hold rating and set a $71.00 price target (down previously from $79.00) on shares of Tyson Foods in a research report on Tuesday, May 8th. Morgan Stanley reduced their price target on shares of Tyson Foods to $76.00 and set an equal weight rating for the company in a research report on Tuesday, May 8th. Finally, reissued a sell rating on shares of Tyson Foods in a research report on Thursday, July 5th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Tyson Foods currently has a consensus rating of Hold and a consensus target price of $75.73.

Shares of TSN opened at $63.27 on Wednesday. The company has a market cap of $22.88 billion, a P/E ratio of 11.92, a PEG ratio of 0.97 and a beta of 0.11. The company has a quick ratio of 0.66, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. Tyson Foods has a twelve month low of $56.79 and a twelve month high of $84.65.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 6th. The company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.17. The company had revenue of $10.05 billion during the quarter, compared to the consensus estimate of $10.22 billion. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 earnings per share. sell-side analysts anticipate that Tyson Foods will post 5.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.90%. Tyson Foods’s dividend payout ratio (DPR) is presently 22.60%.

In other Tyson Foods news, insider Sally Grimes sold 19,258 shares of Tyson Foods stock in a transaction that occurred on Sunday, July 1st. The shares were sold at an average price of $68.85, for a total value of $1,325,913.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas P. Hayes sold 20,202 shares of Tyson Foods stock in a transaction that occurred on Sunday, July 1st. The stock was sold at an average price of $68.85, for a total transaction of $1,390,907.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,610 shares of company stock valued at $2,727,593. 2.65% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of TSN. Iridian Asset Management LLC CT grew its position in shares of Tyson Foods by 7.0% during the 2nd quarter. Iridian Asset Management LLC CT now owns 6,285,044 shares of the company’s stock valued at $432,725,000 after acquiring an additional 411,890 shares during the period. LSV Asset Management grew its position in shares of Tyson Foods by 1.8% during the 2nd quarter. LSV Asset Management now owns 6,121,757 shares of the company’s stock valued at $421,482,000 after acquiring an additional 108,401 shares during the period. Northern Trust Corp grew its position in shares of Tyson Foods by 5.8% during the 1st quarter. Northern Trust Corp now owns 5,517,459 shares of the company’s stock valued at $403,823,000 after acquiring an additional 301,968 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Tyson Foods by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,450,264 shares of the company’s stock valued at $398,905,000 after acquiring an additional 22,107 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Tyson Foods by 22.6% during the 1st quarter. Wells Fargo & Company MN now owns 5,035,871 shares of the company’s stock valued at $368,575,000 after acquiring an additional 929,039 shares during the period. 70.44% of the stock is owned by institutional investors and hedge funds.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats.

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Analyst Recommendations for Tyson Foods (NYSE:TSN)

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