BidaskClub Lowers Tyson Foods, Inc. (TSN) to Hold
BidaskClub lowered shares of Tyson Foods, Inc. (NYSE:TSN) from a buy rating to a hold rating in a research note published on Saturday.
A number of other equities analysts have also recently weighed in on the company. J P Morgan Chase & Co upped their price target on Tyson Foods from $62.00 to $67.00 and gave the stock a neutral rating in a report on Monday, June 26th. Zacks Investment Research cut Tyson Foods from a buy rating to a hold rating in a report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $76.00 price target on shares of Tyson Foods in a report on Tuesday, May 9th. Jefferies Group LLC reaffirmed a buy rating and issued a $75.00 price target on shares of Tyson Foods in a report on Monday, May 8th. Finally, BMO Capital Markets reiterated a buy rating and set a $75.00 price objective on shares of Tyson Foods in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $69.79.
Shares of Tyson Foods (TSN) opened at 62.55 on Friday. Tyson Foods has a one year low of $55.72 and a one year high of $77.05. The company has a 50-day moving average price of $63.14 and a 200 day moving average price of $62.28. The stock has a market cap of $22.95 billion, a price-to-earnings ratio of 13.19 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.10. The company had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. Tyson Foods’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. Equities research analysts expect that Tyson Foods will post $5.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.225 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.44%. Tyson Foods’s dividend payout ratio (DPR) is presently 18.95%.
In related news, Director Mikel A. Durham purchased 2,809 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was acquired at an average cost of $65.77 per share, for a total transaction of $184,747.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $65.97, for a total value of $9,572,247.00. The disclosure for this sale can be found here. 2.65% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TSN. IFP Advisors Inc raised its position in shares of Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock valued at $130,000 after buying an additional 182 shares during the last quarter. Sun Life Financial INC raised 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 buying an additional 2,100 shares during the last quarter. Washington Trust Bank raised 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 buying an additional 840 shares during the last quarter. Independent Portfolio Consultants Inc. raised its position in shares of Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock valued at $143,000 after buying an additional 1,357 shares during the last quarter. Finally, Archford Capital Strategies LLC raised its position in shares of Tyson Foods by 27,492.3% in the second quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock valued at $149,000 after buying an additional 3,574 shares during the last quarter. Institutional investors own 70.83% 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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