JPMorgan Chase & Co. Issues Positive Forecast for Tyson Foods (NYSE:TSN) Stock Price

Tyson Foods (NYSE:TSNGet Free Report) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $63.00 to $67.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 3.74% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. BMO Capital Markets increased their price target on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday. Piper Sandler raised their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Bank of America dropped their price objective on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Finally, Barclays lifted their price target on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus target price of $64.27.

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Tyson Foods Stock Down 1.8%

Shares of TSN traded down $1.15 during trading hours on Tuesday, reaching $64.59. The stock had a trading volume of 2,331,149 shares, compared to its average volume of 3,094,442. The company has a market capitalization of $22.80 billion, a price-to-earnings ratio of 48.54, a P/E/G ratio of 1.47 and a beta of 0.48. The firm has a 50-day simple moving average of $59.24 and a 200 day simple moving average of $56.02. Tyson Foods has a 12 month low of $50.56 and a 12 month high of $66.15. The company has a current ratio of 1.55, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43.

Tyson Foods (NYSE:TSNGet Free Report) last released its earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The business had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. During the same period in the prior year, the company earned $1.14 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. Equities research analysts predict that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman John H. Tyson sold 100,301 shares of the stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $58.05, for a total value of $5,822,473.05. Following the completion of the sale, the chairman directly owned 2,989,415 shares in the company, valued at $173,535,540.75. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the sale, the chief financial officer owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This represents a 17.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Tyson Foods by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock worth $2,042,085,000 after purchasing an additional 543,513 shares in the last quarter. State Street Corp raised its position in Tyson Foods by 0.6% in the third quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after purchasing an additional 85,282 shares during the period. Pzena Investment Management LLC boosted its position in shares of Tyson Foods by 0.9% in the third quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company’s stock worth $750,943,000 after buying an additional 120,826 shares during the period. Davis Selected Advisers raised its holdings in shares of Tyson Foods by 28.8% during the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock valued at $751,951,000 after buying an additional 2,865,413 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Tyson Foods by 1.7% during the second quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock valued at $411,571,000 after purchasing an additional 122,055 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods News Roundup

Here are the key news stories impacting Tyson Foods this week:

About Tyson Foods

(Get Free Report)

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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Analyst Recommendations for Tyson Foods (NYSE:TSN)

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