Tyson Foods (NYSE:TSN) Reaches New 52-Week High at $65.73

Tyson Foods, Inc. (NYSE:TSN)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $65.73 and last traded at $65.73, with a volume of 594060 shares. The stock had previously closed at $64.81.

Wall Street Analysts Forecast Growth

TSN has been the subject of several analyst reports. BMO Capital Markets raised their price target on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Barclays boosted their price target on Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Finally, Bank of America decreased their price objective on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $61.00.

Tyson Foods Stock Performance

The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The firm’s 50 day simple moving average is $60.79 and its 200 day simple moving average is $58.64. The firm has a market cap of $23.52 billion, a PE ratio of -36.59, a PEG ratio of 0.45 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. The business had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. On average, research analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s payout ratio is -110.11%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSN. Retirement Systems of Alabama raised its holdings in Tyson Foods by 0.5% during the 1st quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock valued at $3,712,000 after buying an additional 337 shares during the period. Pzena Investment Management LLC boosted its holdings in Tyson Foods by 8.2% during the 4th quarter. Pzena Investment Management LLC now owns 5,887,724 shares of the company’s stock valued at $316,465,000 after acquiring an additional 446,904 shares during the period. Oppenheimer & Co. Inc. increased its stake in Tyson Foods by 100.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock worth $606,000 after purchasing an additional 5,175 shares during the period. Cetera Advisors LLC increased its holdings in Tyson Foods by 149.2% during the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after purchasing an additional 11,425 shares during the period. Finally, Eisler Capital UK Ltd. bought a new stake in shares of Tyson Foods in the fourth quarter valued at about $1,399,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

About Tyson Foods

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.