BidaskClub upgraded shares of Tyson Foods, Inc. (NYSE:TSN) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

TSN has been the subject of a number of other reports. BMO Capital Markets reissued a buy rating and set a $75.00 price target on shares of Tyson Foods in a research report on Thursday, June 15th. Zacks Investment Research raised shares of Tyson Foods from a hold rating to a buy rating and set a $66.00 price target for the company in a research report on Thursday, July 13th. Mizuho assumed coverage on shares of Tyson Foods in a research report on Wednesday, June 7th. They set a buy rating and a $71.00 price target for the company. Barclays PLC assumed coverage on shares of Tyson Foods in a research report on Tuesday, June 6th. They set an overweight rating and a $70.00 price target for the company. Finally, Pivotal Research reissued a sell rating and set a $40.00 price target on shares of Tyson Foods in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tyson Foods has a consensus rating of Buy and a consensus target price of $69.04.

Shares of Tyson Foods (TSN) opened at 61.88 on Wednesday. The company has a 50 day moving average of $60.96 and a 200-day moving average of $62.01. The firm has a market cap of $22.71 billion, a price-to-earnings ratio of 12.93 and a beta of 0.25. Tyson Foods has a 12-month low of $55.72 and a 12-month high of $77.05.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by $0.05. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The business had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $9.07 billion. During the same period last year, the business earned $1.07 earnings per share. The company’s revenue was down .9% on a year-over-year basis. Analysts predict that Tyson Foods will post $5.03 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.45%. Tyson Foods’s dividend payout ratio is presently 18.79%.

Several hedge funds have recently made changes to their positions in TSN. Alpha Windward LLC raised its stake in shares of Tyson Foods by 6.3% in the first quarter. Alpha Windward LLC now owns 8,092 shares of the company’s stock worth $499,000 after buying an additional 480 shares in the last quarter. Horrell Capital Management Inc. raised its stake in shares of Tyson Foods by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $1,682,000 after buying an additional 100 shares in the last quarter. Regentatlantic Capital LLC raised its stake in shares of Tyson Foods by 3.0% in the first quarter. Regentatlantic Capital LLC now owns 111,916 shares of the company’s stock worth $6,906,000 after buying an additional 3,224 shares in the last quarter. National Pension Service raised its stake in shares of Tyson Foods by 7.1% in the first quarter. National Pension Service now owns 265,039 shares of the company’s stock worth $16,337,000 after buying an additional 17,455 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of Tyson Foods by 25.3% in the first quarter. Gulf International Bank UK Ltd now owns 5,951 shares of the company’s stock worth $367,000 after buying an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 71.59% 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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