Tyson Foods (NYSE:TSN) was downgraded by investment analysts at Argus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

Several other brokerages have also recently weighed in on TSN. Zacks Investment Research raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, May 28th. Sanford C. Bernstein began coverage on shares of Tyson Foods in a research report on Thursday, May 10th. They set an “outperform” rating for the company. Buckingham Research reissued a “hold” rating and set a $71.00 price target (down previously from $79.00) on shares of Tyson Foods in a research report on Tuesday, May 8th. Morgan Stanley dropped their price target on shares of Tyson Foods to $76.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 8th. Finally, reissued a “sell” rating on shares of Tyson Foods in a research report on Thursday, July 5th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Tyson Foods currently has an average rating of “Hold” and an average price target of $75.73.

Shares of TSN opened at $62.75 on Wednesday. The firm has a market cap of $22.99 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 0.97 and a beta of 0.11. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.66. Tyson Foods has a twelve month low of $56.79 and a twelve month high of $84.65.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 6th. The company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.17. The business had revenue of $10.05 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 EPS. equities research analysts forecast that Tyson Foods will post 5.89 EPS for the current fiscal year.

In other Tyson Foods news, CEO Thomas P. Hayes sold 20,202 shares of the company’s stock in a transaction on Sunday, July 1st. The shares were sold at an average price of $68.85, for a total value of $1,390,907.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sally Grimes sold 19,258 shares of the company’s stock in a transaction on Sunday, July 1st. The stock was sold at an average price of $68.85, for a total transaction of $1,325,913.30. The disclosure for this sale can be found here. Insiders sold a total of 39,610 shares of company stock valued at $2,727,593 over the last 90 days. Company insiders own 1.55% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of TSN. BerganKDV Wealth Management LLC bought a new position in shares of Tyson Foods in the 2nd quarter worth about $103,000. Trust Department MB Financial Bank N A bought a new position in shares of Tyson Foods in the 2nd quarter worth about $106,000. MUFG Americas Holdings Corp increased its stake in shares of Tyson Foods by 99.3% in the 2nd quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock worth $119,000 after acquiring an additional 858 shares in the last quarter. Fort L.P. bought a new position in shares of Tyson Foods in the 2nd quarter worth about $119,000. Finally, Trilogy Capital Inc. bought a new position in shares of Tyson Foods in the 2nd quarter worth about $198,000. Institutional investors and hedge funds own 70.40% of the company’s stock.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats.

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