Tyson Foods (NYSE:TSN) PT Raised to $72.00

Tyson Foods (NYSE:TSN) had its price target upped by Barclays from $69.00 to $72.00 in a report released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a market perform rating in a research report on Tuesday. HSBC boosted their price objective on Tyson Foods from $48.00 to $51.00 and gave the stock a reduce rating in a research report on Tuesday, May 7th. StockNews.com lowered Tyson Foods from a buy rating to a hold rating in a report on Saturday, July 20th. Bank of America dropped their price target on Tyson Foods from $62.00 to $60.00 and set a neutral rating on the stock in a research report on Wednesday, July 10th. Finally, The Goldman Sachs Group increased their price objective on Tyson Foods from $49.00 to $54.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods has an average rating of Hold and a consensus target price of $61.00.

Tyson Foods Stock Down 0.3 %

NYSE:TSN traded down $0.19 during trading hours on Tuesday, hitting $61.69. 2,051,293 shares of the stock traded hands, compared to its average volume of 2,592,679. The firm has a 50 day moving average price of $57.95 and a 200 day moving average price of $57.41. The firm has a market cap of $22.02 billion, a price-to-earnings ratio of -34.66, a PEG ratio of 0.44 and a beta of 0.74. Tyson Foods has a fifty-two week low of $44.94 and a fifty-two week high of $63.90. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same period in the previous year, the firm posted $0.15 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Tyson Foods will post 2.74 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.18%. Tyson Foods’s dividend payout ratio is -110.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TSN. Price T Rowe Associates Inc. MD grew its position in shares of Tyson Foods by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock valued at $804,450,000 after acquiring an additional 128,274 shares during the period. Pzena Investment Management LLC grew its holdings in Tyson Foods by 18.4% during the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after purchasing an additional 1,939,508 shares during the period. Wellington Management Group LLP grew its holdings in Tyson Foods by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after purchasing an additional 606,518 shares during the period. Charles Schwab Investment Management Inc. increased its position in Tyson Foods by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company’s stock worth $357,325,000 after buying an additional 49,540 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in Tyson Foods by 153.2% in the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after buying an additional 2,920,479 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.