Tyson Foods (NYSE:TSN) has been assigned a consensus rating of “Hold” from the twenty-one analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $80.20.
A number of analysts have recently weighed in on TSN shares. ValuEngine upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Saturday, January 20th. Piper Jaffray set a $92.00 target price on Tyson Foods and gave the company a “buy” rating in a research report on Friday, February 9th. Mizuho set a $92.00 price target on Tyson Foods and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Jefferies Group reiterated a “buy” rating on shares of Tyson Foods in a research report on Thursday, February 8th.
Shares of Tyson Foods stock traded up $0.59 on Thursday, reaching $71.03. 1,381,572 shares of the company were exchanged, compared to its average volume of 2,185,728. 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 stock has a market capitalization of $25,896.16, a price-to-earnings ratio of 13.38, a PEG ratio of 0.96 and a beta of 0.19. Tyson Foods has a 1-year low of $57.20 and a 1-year high of $84.65.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.30. The business had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $9.88 billion. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 EPS. sell-side analysts predict that Tyson Foods will post 6.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, May 31st. Tyson Foods’s dividend payout ratio is presently 22.60%.
In other news, Director Gaurdie E. Jr. Banister sold 7,800 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $75.56, for a total value of $589,368.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey K. Schomburger bought 2,700 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $74.83 per share, with a total value of $202,041.00. The disclosure for this purchase can be found here. Company insiders own 2.65% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Tyson Foods by 10.6% in the fourth quarter. BlackRock Inc. now owns 22,658,190 shares of the company’s stock worth $1,836,900,000 after buying an additional 2,168,652 shares during the period. Alliancebernstein L.P. boosted its position in Tyson Foods by 3.8% during the fourth quarter. Alliancebernstein L.P. now owns 6,377,778 shares of the company’s stock valued at $517,046,000 after purchasing an additional 232,637 shares during the last quarter. Iridian Asset Management LLC CT boosted its position in Tyson Foods by 13.0% during the fourth quarter. Iridian Asset Management LLC CT now owns 5,462,289 shares of the company’s stock valued at $442,828,000 after purchasing an additional 629,241 shares during the last quarter. Wells Fargo & Company MN boosted its position in Tyson Foods by 98.3% during the fourth quarter. Wells Fargo & Company MN now owns 4,106,832 shares of the company’s stock valued at $332,940,000 after purchasing an additional 2,035,714 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Tyson Foods by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 3,577,954 shares of the company’s stock valued at $289,537,000 after purchasing an additional 87,129 shares during the last quarter. 71.36% of the stock is owned by institutional investors and hedge funds.
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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