Pivotal Research upgraded shares of Tyson Foods, Inc. (NYSE:TSN) from a sell rating to a hold rating in a research report report published on Monday morning. They currently have $75.00 price objective on the stock.
A number of other research analysts have also issued reports on the company. Zacks Investment Research lowered Tyson Foods from a strong-buy rating to a hold rating in a report on Monday, August 28th. KeyCorp started coverage on Tyson Foods in a report on Tuesday, October 31st. They issued an overweight rating and a $82.00 target price on the stock. Credit Suisse Group AG started coverage on Tyson Foods in a report on Wednesday, July 19th. They issued a neutral rating and a $65.00 target price on the stock. BidaskClub raised Tyson Foods from a sell rating to a hold rating in a report on Wednesday, July 19th. Finally, Jefferies Group LLC set a $85.00 target price on Tyson Foods and gave the company a buy rating in a report on Monday, October 30th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $72.45.
Tyson Foods (TSN) traded up $1.45 during trading hours on Monday, hitting $75.59. The stock had a trading volume of 5,475,200 shares, compared to its average volume of 2,654,427. The firm has a market capitalization of $26,636.80, a price-to-earnings ratio of 15.32 and a beta of 0.30. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.63. Tyson Foods has a 1-year low of $55.72 and a 1-year high of $75.82.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.05. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.93 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. analysts expect that Tyson Foods will post 5.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 28th. Tyson Foods’s payout ratio is presently 18.95%.
In other Tyson Foods news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $0.53, for a total transaction of $56,849.92. 2.65% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Stevens First Principles Investment Advisors purchased a new stake in shares of Tyson Foods in the third quarter valued at $141,000. Sun Life Financial INC lifted its position in shares of Tyson Foods by 21,000.0% in the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after acquiring an additional 2,100 shares in the last quarter. Horan Capital Advisors LLC. purchased a new stake in shares of Tyson Foods in the third quarter valued at $155,000. Washington Trust Bank lifted its position in shares of Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after acquiring an additional 840 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Tyson Foods by 17.0% in the second quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock valued at $155,000 after acquiring an additional 359 shares in the last quarter. Institutional investors and hedge funds own 70.69% of the company’s stock.
About Tyson Foods
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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