KeyCorp initiated coverage on shares of Tyson Foods, Inc. (NYSE:TSN) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $82.00 target price on the stock. KeyCorp also issued estimates for Tyson Foods’ Q4 2017 earnings at $1.40 EPS, FY2017 earnings at $5.28 EPS, Q1 2018 earnings at $1.55 EPS, Q2 2018 earnings at $1.34 EPS, Q3 2018 earnings at $1.39 EPS, Q4 2018 earnings at $1.52 EPS, FY2018 earnings at $5.80 EPS and FY2019 earnings at $6.25 EPS.

Other analysts also recently issued research reports about the company. Royal Bank Of Canada reiterated a sector perform rating and set a $77.00 price target (up previously from $70.00) on shares of Tyson Foods in a research report on Friday, October 6th. Zacks Investment Research upgraded Tyson Foods from a hold rating to a strong-buy rating and set a $82.00 price target for the company in a research report on Wednesday, October 4th. BidaskClub downgraded Tyson Foods from a buy rating to a hold rating in a research report on Saturday, August 26th. Jefferies Group LLC reiterated a buy rating and set a $75.00 price target on shares of Tyson Foods in a research report on Thursday, July 27th. Finally, Credit Suisse Group began coverage on Tyson Foods in a research report on Wednesday, July 19th. They set a neutral rating and a $65.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Tyson Foods has an average rating of Buy and an average target price of $74.35.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.10. The business had revenue of $9.85 billion during the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.225 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a yield of 1.23%. Tyson Foods’s payout ratio is 18.95%.

In related news, Director Mikel A. Durham acquired 2,809 shares of the stock in a transaction on Monday, August 14th. The stock was purchased at an average price of $65.77 per share, for a total transaction of $184,747.93. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dennis Leatherby sold 145,100 shares of the business’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. Insiders own 2.65% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Financial Counselors Inc. lifted its position in Tyson Foods by 0.3% in the second quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock valued at $301,000 after purchasing an additional 15 shares during the last quarter. CrestPoint Capital Management LLC increased its stake in shares of Tyson Foods by 0.5% during the second quarter. CrestPoint Capital Management LLC now owns 21,100 shares of the company’s stock valued at $1,321,000 after buying an additional 100 shares during the period. Montecito Bank & Trust increased its stake in shares of Tyson Foods by 3.7% during the second quarter. Montecito Bank & Trust now owns 4,160 shares of the company’s stock valued at $260,000 after buying an additional 147 shares during the period. Lumbard & Kellner LLC increased its stake in shares of Tyson Foods by 0.4% during the second quarter. Lumbard & Kellner LLC now owns 39,875 shares of the company’s stock valued at $2,497,000 after buying an additional 150 shares during the period. Finally, Quantum Capital Management increased its stake in shares of Tyson Foods by 4.3% during the second quarter. Quantum Capital Management now owns 3,863 shares of the company’s stock valued at $242,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 70.97% 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.

Analyst Recommendations for Tyson Foods (NYSE:TSN)

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