Mizuho reissued their buy rating on shares of Tyson Foods, Inc. (NYSE:TSN) in a research note released on Wednesday morning. The brokerage currently has a $76.00 price objective on the stock, up from their prior price objective of $71.00.
A number of other brokerages also recently issued reports on TSN. Credit Suisse Group set a $70.00 price target on Tyson Foods and gave the stock a neutral rating in a research report on Tuesday. Pivotal Research reissued a sell rating and set a $40.00 price target on shares of Tyson Foods in a research report on Tuesday. Royal Bank Of Canada increased their price target on Tyson Foods from $68.00 to $70.00 and gave the stock a sector perform rating in a research report on Tuesday. Zacks Investment Research raised Tyson Foods from a hold rating to a buy rating and set a $72.00 price target on the stock in a research report on Thursday, April 27th. Finally, Jefferies Group LLC reissued a buy rating and set a $75.00 price target on shares of Tyson Foods in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Tyson Foods presently has a consensus rating of Buy and an average price target of $69.79.
Tyson Foods (TSN) traded up 1.05% during midday trading on Wednesday, hitting $65.55. The company had a trading volume of 2,783,319 shares. The company has a market cap of $24.05 billion, a P/E ratio of 13.82 and a beta of 0.26. The company’s 50 day moving average is $62.32 and its 200-day moving average is $62.16. Tyson Foods has a one year low of $55.72 and a one year high of $77.05.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.10. The business had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share. On average, equities analysts predict that Tyson Foods will post $5.06 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s payout ratio is 18.95%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. National Pension Service boosted its position 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 during the last quarter. Koch Industries Inc. purchased a new position in shares of Tyson Foods during the first quarter worth approximately $343,000. JPMorgan Chase & Co. boosted its position in shares of Tyson Foods by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 5,855,494 shares of the company’s stock worth $361,341,000 after buying an additional 558,104 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of Tyson Foods by 10.3% in the second quarter. APG Asset Management N.V. now owns 3,784,280 shares of the company’s stock worth $237,009,000 after buying an additional 352,000 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Tyson Foods during the first quarter worth approximately $4,097,000. Institutional investors own 71.97% of the company’s stock.
About Tyson Foods
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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