Tyson Foods (NYSE:TSN) had its price target decreased by Royal Bank of Canada to $83.00 in a research note released on Tuesday morning, The Fly reports. Royal Bank of Canada currently has a reduce rating on the stock.
A number of other research analysts also recently issued reports on TSN. KeyCorp restated a buy rating and issued a $88.00 price target on shares of Tyson Foods in a research report on Thursday, December 21st. Piper Jaffray started coverage on shares of Tyson Foods in a research report on Thursday, January 4th. They issued an overweight rating and a $94.00 price target on the stock. Zacks Investment Research upgraded shares of Tyson Foods from a hold rating to a buy rating and set a $89.00 price target on the stock in a research report on Saturday, January 20th. Jefferies Group restated a buy rating on shares of Tyson Foods in a research report on Thursday, February 8th. Finally, Mizuho set a $92.00 price target on shares of Tyson Foods and gave the stock a buy rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $75.87.
Tyson Foods stock opened at $71.45 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.51. Tyson Foods has a 1 year low of $57.20 and a 1 year high of $84.65. The stock has a market capitalization of $25,822.56, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.96 and a beta of 0.19.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.30. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. The company had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same period last year, the firm posted $1.59 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. research analysts expect that Tyson Foods will post 6.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.20 annualized dividend and a yield of 1.68%. Tyson Foods’s dividend payout ratio is presently 22.60%.
In other Tyson Foods news, Director Gaurdie E. Jr. Banister sold 7,800 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $75.56, for a total transaction of $589,368.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey K. Schomburger purchased 2,700 shares of the company’s stock in a transaction on Friday, February 9th. The shares were bought at an average price of $74.83 per share, for a total transaction of $202,041.00. The disclosure for this purchase can be found here. Company insiders own 1.55% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in TSN. BlackRock Inc. raised its position in shares of Tyson Foods by 10.6% during the 4th quarter. BlackRock Inc. now owns 22,658,190 shares of the company’s stock worth $1,836,900,000 after buying an additional 2,168,652 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Tyson Foods by 98.3% during the 4th quarter. Wells Fargo & Company MN now owns 4,106,832 shares of the company’s stock worth $332,940,000 after buying an additional 2,035,714 shares in the last quarter. Iridian Asset Management LLC CT raised its position in shares of Tyson Foods by 13.0% during the 4th quarter. Iridian Asset Management LLC CT now owns 5,462,289 shares of the company’s stock worth $442,828,000 after buying an additional 629,241 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Tyson Foods during the 4th quarter worth about $49,716,000. Finally, Gotham Asset Management LLC bought a new stake in shares of Tyson Foods during the 4th quarter worth about $44,591,000. Institutional investors own 71.44% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.
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