Tyson Foods, Inc. (TSN) Given New $80.00 Price Target at Barclays PLC
Several other research analysts have also weighed in on TSN. BMO Capital Markets reiterated a buy rating and issued a $75.00 price objective on shares of Tyson Foods in a research report on Thursday, June 15th. Fundamental Research reissued a buy rating on shares of Tyson Foods in a research note on Thursday, August 17th. BidaskClub upgraded Tyson Foods from a sell rating to a hold rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Tyson Foods from a hold rating to a buy rating and set a $66.00 target price on the stock in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada upped their price target on Tyson Foods from $68.00 to $70.00 and gave the company a sector perform rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Tyson Foods presently has a consensus rating of Buy and an average target price of $71.04.
Shares of Tyson Foods (NYSE:TSN) opened at 70.99 on Monday. Tyson Foods has a 52 week low of $55.72 and a 52 week high of $75.33. The company’s 50 day moving average price is $65.40 and its 200-day moving average price is $62.62. The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 14.97 and a beta of 0.27.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.10. The business had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 EPS. Analysts anticipate that Tyson Foods will post $5.11 earnings per share for the current fiscal year.
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The firm 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 dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.27%. Tyson Foods’s dividend payout ratio is presently 18.95%.
In other Tyson Foods news, Director Mikel A. Durham bought 2,809 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average cost of $65.77 per share, with a total value of $184,747.93. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $65.97, for a total transaction of $9,572,247.00. The disclosure for this sale can be found here. Company insiders own 2.65% of the company’s stock.
Hedge funds have recently modified their holdings of the business. UBS Asset Management Americas Inc. grew its stake in shares of Tyson Foods by 1.0% in the first quarter. UBS Asset Management Americas Inc. now owns 1,554,535 shares of the company’s stock worth $95,930,000 after acquiring an additional 15,700 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Tyson Foods by 709.3% in the first quarter. Schroder Investment Management Group now owns 37,529 shares of the company’s stock valued at $2,313,000 after acquiring an additional 32,892 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Tyson Foods by 1.3% in the first quarter. Blair William & Co. IL now owns 14,481 shares of the company’s stock valued at $895,000 after acquiring an additional 189 shares in the last quarter. Robecosam AG acquired a new stake in shares of Tyson Foods in the first quarter valued at $3,008,000. Finally, Bancorpsouth Inc. acquired a new stake in shares of Tyson Foods in the first quarter valued at $424,000. 71.89% of the stock is owned by institutional investors.
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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