Tyson Foods, Inc. (NYSE:TSN) posted its quarterly earnings results on Monday. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.06 by $0.05. The business had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $9.07 billion. Tyson Foods had a return on equity of 19.03% and a net margin of 5.15%. The company’s revenue was down .9% compared to the same quarter last year. During the same period last year, the business posted $1.07 earnings per share. Tyson Foods updated its FY17 guidance to $4.90-5.05 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Wednesday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 12.07%.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Goldman Sachs Group Inc reissued a “buy” rating and set a $76.00 price target on shares of Tyson Foods in a research note on Tuesday, May 9th. Royal Bank of Canada reissued a “hold” rating and set a $68.00 price target on shares of Tyson Foods in a research note on Tuesday, May 9th. Jefferies Group LLC restated a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a report on Monday, May 8th. Finally, Argus cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Thursday, March 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Tyson Foods has a consensus rating of “Hold” and a consensus target price of $70.45.
In other Tyson Foods news, COO Noel W. White sold 116,678 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $62.44, for a total transaction of $7,285,374.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.65% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Menora Mivtachim Holdings LTD. acquired a new stake in Tyson Foods during the fourth quarter worth approximately $130,000. IFP Advisors Inc increased its stake in Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock worth $130,000 after buying an additional 182 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Tyson Foods during the third quarter worth approximately $140,000. Financial Architects Inc increased its stake in Tyson Foods by 18.1% in the third quarter. Financial Architects Inc now owns 2,170 shares of the company’s stock worth $162,000 after buying an additional 332 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock worth $177,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 69.64% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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