Tyson Foods (NYSE:TSN) Price Target Raised to $59.00 at JPMorgan Chase & Co.

Tyson Foods (NYSE:TSN) had its target price lifted by JPMorgan Chase & Co. from $58.00 to $59.00 in a research note released on Monday.

A number of other equities research analysts have also issued reports on TSN. Barclays raised Tyson Foods from an underweight rating to an overweight rating and boosted their target price for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. Citigroup raised their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a neutral rating in a report on Wednesday, April 3rd. Piper Sandler boosted their price target on shares of Tyson Foods from $44.00 to $48.00 and gave the company a neutral rating in a report on Friday, January 26th. Stephens reaffirmed an overweight rating and issued a $70.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 6th. Finally, Bank of America upgraded shares of Tyson Foods from an underperform rating to a neutral rating and lifted their price objective for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods currently has an average rating of Hold and an average price target of $60.22.

Tyson Foods Stock Performance

NYSE:TSN opened at $59.65 on Monday. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $58.00 and a 200-day moving average of $53.66. Tyson Foods has a twelve month low of $44.94 and a twelve month high of $62.04. The firm has a market cap of $21.26 billion, a price-to-earnings ratio of -24.15, a price-to-earnings-growth ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. The firm had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.16 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) earnings per share. Analysts forecast that Tyson Foods will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.29%. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

Insider Buying and Selling

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.05% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Pzena Investment Management LLC boosted its holdings in Tyson Foods by 79.2% in the first quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock worth $619,605,000 after purchasing an additional 4,662,332 shares in the last quarter. Wellington Management Group LLP increased its position in Tyson Foods by 6.2% in 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. FMR LLC grew its holdings in Tyson Foods by 16.1% during the third quarter. FMR LLC now owns 7,448,930 shares of the company’s stock valued at $376,096,000 after purchasing an additional 1,034,915 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Tyson Foods by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company’s stock valued at $357,325,000 after purchasing an additional 49,540 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Tyson Foods by 2.6% during the third quarter. Northern Trust Corp now owns 5,228,277 shares of the company’s stock worth $263,976,000 after purchasing an additional 134,778 shares in the last quarter. Institutional investors and hedge funds 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.