Tyson Foods, Inc. (NYSE:TSN) had its price target upped by J P Morgan Chase & Co from $62.00 to $67.00 in a report released on Monday, Marketbeat.com reports. They currently have a neutral rating on the stock.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Tyson Foods from a hold rating to a buy rating and set a $72.00 price target for the company in a research report on Thursday, April 27th. BidaskClub downgraded shares of Tyson Foods from a buy rating to a hold rating in a research report on Thursday, June 22nd. Royal Bank Of Canada reiterated a hold rating and set a $68.00 price target on shares of Tyson Foods in a research report on Tuesday, May 9th. Jefferies Group LLC reiterated a buy rating and set a $75.00 price target on shares of Tyson Foods in a research report on Monday, May 8th. Finally, BMO Capital Markets reissued a buy rating and set a $75.00 price objective on shares of Tyson Foods in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $69.50.
Tyson Foods (NYSE TSN) traded down 1.34% during midday trading on Monday, reaching $61.92. The company’s stock had a trading volume of 1,091,675 shares. The firm has a market capitalization of $22.72 billion, a P/E ratio of 12.94 and a beta of 0.22. The company’s 50-day moving average is $59.70 and its 200 day moving average is $62.06. Tyson Foods has a 52 week low of $55.72 and a 52 week high of $77.05.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.05. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The company had revenue of $9.08 billion for the quarter, compared to analyst estimates of $9.07 billion. During the same quarter in the previous year, the business posted $1.07 earnings per share. Tyson Foods’s revenue was down .9% on a year-over-year basis. Analysts expect that Tyson Foods will post $5.00 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.225 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.90 annualized dividend and a yield of 1.43%. Tyson Foods’s payout ratio is currently 18.79%.
Hedge funds have recently added to or reduced their stakes in the company. Tudor Investment Corp Et Al boosted its stake in Tyson Foods by 229.6% in the fourth quarter. Tudor Investment Corp Et Al now owns 13,300 shares of the company’s stock valued at $820,000 after buying an additional 9,265 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Tyson Foods by 7.9% in the fourth quarter. Guggenheim Capital LLC now owns 957,023 shares of the company’s stock valued at $59,029,000 after buying an additional 70,227 shares during the last quarter. AQR Capital Management LLC boosted its stake in Tyson Foods by 13.5% in the fourth quarter. AQR Capital Management LLC now owns 8,646,954 shares of the company’s stock valued at $533,344,000 after buying an additional 1,025,423 shares during the last quarter. Denver Investment Advisors LLC boosted its stake in Tyson Foods by 45.4% in the fourth quarter. Denver Investment Advisors LLC now owns 20,750 shares of the company’s stock valued at $1,280,000 after buying an additional 6,480 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. purchased a new stake in Tyson Foods during the fourth quarter valued at approximately $130,000. 72.38% 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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