ValuEngine upgraded shares of Tyson Foods, Inc. (NYSE:TSN) from a hold rating to a buy rating in a report published on Monday morning.
TSN has been the topic of a number of other research reports. Zacks Investment Research raised Tyson Foods from a hold rating to a buy rating and set a $73.00 price objective on the stock in a research report on Thursday, August 10th. BMO Capital Markets reaffirmed an outperform rating and set a $78.00 price objective (up previously from $75.00) on shares of Tyson Foods in a research report on Thursday, August 10th. Fundamental Research set a C$1.82 price objective on Tyson Foods and gave the company a buy rating in a research report on Thursday, August 17th. Royal Bank Of Canada raised their price objective on Tyson Foods from $68.00 to $70.00 and gave the company a sector perform rating in a research report on Tuesday, August 8th. Finally, Pivotal Research reaffirmed a sell rating and set a $40.00 price objective on shares of Tyson Foods in a research report on Tuesday, August 8th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $73.71.
Tyson Foods (TSN) opened at $78.96 on Monday. The company has a market capitalization of $28,660.00, a price-to-earnings ratio of 14.68 and a beta of 0.30. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 1.55. Tyson Foods has a 52 week low of $55.72 and a 52 week high of $79.27.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, November 13th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.38 by $0.05. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.93 billion. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. analysts forecast that Tyson Foods will post 5.81 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. Tyson Foods’s dividend payout ratio (DPR) is currently 18.79%.
In other Tyson Foods news, insider Scott Rouse sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $77.26, for a total value of $77,260.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.65% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Financial Counselors Inc. lifted its holdings in shares of Tyson Foods by 0.3% during the second quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock worth $301,000 after purchasing an additional 15 shares during the period. Montecito Bank & Trust lifted its holdings 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 worth $260,000 after purchasing an additional 147 shares during the period. Lumbard & Kellner LLC lifted its holdings 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 worth $2,497,000 after purchasing an additional 150 shares during the period. Quantum Capital Management lifted its holdings 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 worth $242,000 after purchasing an additional 161 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Tyson Foods by 0.5% during the second quarter. CIBC Asset Management Inc now owns 34,779 shares of the company’s stock worth $2,178,000 after purchasing an additional 166 shares during the period. 73.44% of the stock is owned by hedge funds and other institutional investors.
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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