Royal Bank Of Canada reiterated their sector perform rating on shares of Tyson Foods, Inc. (NYSE:TSN) in a research note published on Friday, October 6th. They currently have a $77.00 price objective on the stock, up from their prior price objective of $70.00.
Several other research firms also recently weighed in on TSN. Jefferies Group LLC reiterated a buy rating and issued a $75.00 target price on shares of Tyson Foods in a research note on Thursday, July 27th. BidaskClub upgraded Tyson Foods from a hold rating to a buy rating in a research note on Friday, June 16th. BMO Capital Markets reiterated a buy rating and issued a $75.00 target price on shares of Tyson Foods in a research note on Thursday, June 15th. Vertical Research upgraded Tyson Foods from a hold rating to a buy rating in a research note on Tuesday, June 13th. Finally, Mizuho restated a buy rating and set a $71.00 price target on shares of Tyson Foods in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $72.96.
Tyson Foods (TSN) opened at 70.94 on Friday. The firm has a market cap of $26.03 billion, a price-to-earnings ratio of 14.96 and a beta of 0.28. The company has a 50-day moving average of $66.95 and a 200-day moving average of $63.18. Tyson Foods has a 52 week low of $55.72 and a 52 week high of $72.36.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.10. The business had revenue of $9.85 billion during the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $1.21 earnings per share. Equities research analysts forecast that Tyson Foods will post $5.21 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio is currently 18.95%.
In related news, Director Mikel A. Durham bought 2,809 shares of the company’s stock in a transaction on Monday, August 14th. The stock was bought at an average cost of $65.77 per share, for a total transaction of $184,747.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $65.97, for a total value of $9,572,247.00. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSN. Sun Life Financial INC lifted its stake in Tyson Foods by 21,000.0% during the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after acquiring an additional 2,100 shares in the last quarter. Washington Trust Bank lifted its stake in Tyson Foods by 60.0% during the 2nd quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock worth $140,000 after acquiring an additional 840 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in Tyson Foods by 146.7% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock valued at $143,000 after purchasing an additional 1,357 shares in the last quarter. Archford Capital Strategies LLC raised its position in Tyson Foods by 27,492.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock valued at $149,000 after purchasing an additional 3,574 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Tyson Foods by 17.0% in the 2nd quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock valued at $155,000 after purchasing an additional 359 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.
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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