Tyson Foods, Inc. (TSN) Upgraded to “Buy” at Argus

Argus upgraded shares of Tyson Foods, Inc. (NYSE:TSN) from a hold rating to a buy rating in a research report report published on Wednesday. The brokerage currently has $90.00 price objective on the stock.

Several other equities research analysts also recently commented on TSN. Zacks Investment Research raised Tyson Foods from a hold rating to a buy rating and set a $73.00 target price for the company in a report on Thursday, August 10th. BMO Capital Markets reissued an outperform rating and issued a $78.00 price objective (up from $75.00) on shares of Tyson Foods in a research note on Thursday, August 10th. Fundamental Research set a C$1.82 price objective on Tyson Foods and gave the stock a buy rating in a research note on Thursday, August 17th. Royal Bank Of Canada increased their price objective on Tyson Foods from $68.00 to $70.00 and gave the stock a sector perform rating in a research note on Tuesday, August 8th. Finally, Pivotal Research reissued a sell rating and issued a $40.00 price objective on shares of Tyson Foods in a research note on Tuesday, August 8th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Tyson Foods presently has an average rating of Buy and an average target price of $73.71.

Shares of Tyson Foods (NYSE TSN) traded up $0.14 during midday trading on Wednesday, hitting $76.21. The stock had a trading volume of 3,170,800 shares, compared to its average volume of 2,657,727. Tyson Foods has a twelve month low of $55.72 and a twelve month high of $76.94. The stock has a market capitalization of $28,400.00, a P/E ratio of 14.33 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 (NYSE:TSN) last announced its earnings results on Monday, November 13th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.38 by $0.05. Tyson Foods had a return on equity of 20.00% and a net margin of 4.64%. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.93 billion. During the same period in the prior year, the business posted $0.96 earnings per share. Tyson Foods’s revenue was up 10.8% compared to the same quarter last year. research analysts anticipate that Tyson Foods will post 5.79 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.57%. Tyson Foods’s dividend payout ratio (DPR) is 18.79%.

In other news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the stock in a transaction dated 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 owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of TSN. Janus Henderson Group PLC increased its holdings in shares of Tyson Foods by 6,356.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,478,942 shares of the company’s stock valued at $155,256,000 after acquiring an additional 2,440,548 shares during the last quarter. Iridian Asset Management LLC CT increased its holdings in shares of Tyson Foods by 64.4% during the 3rd quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock valued at $340,488,000 after acquiring an additional 1,893,438 shares during the last quarter. FMR LLC increased its holdings in shares of Tyson Foods by 155.4% during the 2nd quarter. FMR LLC now owns 2,010,522 shares of the company’s stock valued at $125,920,000 after acquiring an additional 1,223,351 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Tyson Foods by 12.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock valued at $621,587,000 after acquiring an additional 980,069 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Tyson Foods by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after acquiring an additional 900,009 shares during the last quarter. 70.69% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Tyson Foods (NYSE:TSN)

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