Tyson Foods (NYSE:TSN) had its price target trimmed by Royal Bank of Canada to $83.00 in a report published on Tuesday. The firm currently has a reduce rating on the stock.
TSN has been the topic of a number of other reports. Piper Jaffray initiated coverage on shares of Tyson Foods in a research report on Thursday, January 4th. They set an overweight rating and a $94.00 price objective on the stock. Buckingham Research reduced their price objective on shares of Tyson Foods from $82.00 to $79.00 and set a hold rating on the stock in a research report on Thursday, March 29th. KeyCorp reissued a buy rating and set a $88.00 price objective on shares of Tyson Foods in a research report on Thursday, December 21st. Zacks Investment Research raised shares of Tyson Foods from a hold rating to a buy rating and set a $89.00 price objective on the stock in a research report on Saturday, January 20th. Finally, ValuEngine raised shares of Tyson Foods from a hold rating to a buy rating in a research report on Wednesday, March 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $75.87.
Shares of Tyson Foods stock opened at $69.20 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The firm has a market cap of $26,164.80, a price-to-earnings ratio of 13.03, a P/E/G ratio of 0.97 and a beta of 0.19. Tyson Foods has a 12-month low of $57.20 and a 12-month high of $84.65.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.30. The business had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $9.88 billion. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.59 EPS. analysts forecast that Tyson Foods will post 6.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, May 31st. Tyson Foods’s dividend payout ratio is presently 22.60%.
In other news, insider Stephen R. Stouffer sold 15,489 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $74.22, for a total value of $1,149,593.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gaurdie E. Jr. Banister sold 7,800 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $75.56, for a total transaction of $589,368.00. The disclosure for this sale can be found here. 2.65% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Cerebellum GP LLC purchased a new stake in Tyson Foods during the 4th quarter valued at about $124,000. Signaturefd LLC purchased a new stake in Tyson Foods during the 4th quarter valued at about $201,000. Financial Gravity Companies Inc. purchased a new stake in Tyson Foods during the 4th quarter valued at about $198,000. Kornitzer Capital Management Inc. KS purchased a new stake in Tyson Foods during the 4th quarter valued at about $212,000. Finally, Premia Global Advisors LLC purchased a new stake in Tyson Foods during the 4th quarter valued at about $214,000. 71.44% of the stock is currently owned by institutional investors.
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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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