BMO Capital Markets Raises Tyson Foods (NYSE:TSN) Price Target to $89.00

Tyson Foods (NYSE:TSN) had its target price upped by BMO Capital Markets to $89.00 in a report published on Tuesday, November 14th, The Fly reports. They currently have an outperform rating on the stock.

TSN has been the topic of a number of other reports. Fundamental Research set a C$1.82 price objective on Tyson Foods and gave the company a buy rating in a research report on Thursday, August 17th. BidaskClub upgraded Tyson Foods from a sell rating to a hold rating in a report on Wednesday, July 19th. Royal Bank Of Canada increased their price target on Tyson Foods from $68.00 to $70.00 and gave the stock a sector perform rating in a report on Tuesday, August 8th. Credit Suisse Group set a $70.00 price objective on Tyson Foods and gave the stock a neutral rating in a research note on Tuesday, August 8th. Finally, Mizuho reissued a buy rating and issued a $76.00 price objective (up previously from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Tyson Foods has a consensus rating of Buy and a consensus price target of $73.71.

Tyson Foods (NYSE:TSN) traded up $0.14 during midday trading on Tuesday, hitting $82.39. The stock had a trading volume of 2,760,000 shares, compared to its average volume of 2,472,074. The company has a market capitalization of $30,296.29, a price-to-earnings ratio of 15.52 and a beta of 0.35. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 1.55. Tyson Foods has a 1 year low of $56.40 and a 1 year high of $82.84.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, November 13th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.93 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. sell-side analysts forecast that Tyson Foods will post 5.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.30 dividend. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, February 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.46%. Tyson Foods’s dividend payout ratio (DPR) is 25.05%.

In related news, insider Scott Rouse sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $77.26, for a total value of $77,260.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dennis Leatherby sold 115,293 shares of Tyson Foods stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $82.09, for a total value of $9,464,402.37. The disclosure for this sale can be found here. Insiders sold a total of 154,485 shares of company stock valued at $12,626,308 in the last 90 days. 2.65% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sun Life Financial INC increased its stake in shares of Tyson Foods by 21,000.0% in the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after purchasing an additional 2,100 shares in the last quarter. Washington Trust Bank increased its stake in shares of Tyson Foods by 60.0% in the 2nd quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after purchasing an additional 840 shares in the last quarter. Stevens First Principles Investment Advisors purchased a new position in shares of Tyson Foods in the 3rd quarter valued at about $141,000. Archford Capital Strategies LLC increased its stake in shares of 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 increased its stake in shares of 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 71.59% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Tyson Foods (NYSE:TSN)

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