Tyson Foods Inc. (TSN) Downgraded to “Strong Sell” at Vetr Inc.
Tyson Foods Inc. (NYSE:TSN) was downgraded by stock analysts at Vetr from a “sell” rating to a “strong sell” rating in a research note issued on Monday. They presently have a $61.30 price objective on the stock. Vetr‘s target price indicates a potential downside of 13.05% from the stock’s previous close.
TSN has been the topic of a number of other research reports. Credit Agricole SA boosted their target price on shares of Tyson Foods from $77.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. Zacks Investment Research cut shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $75.00 target price (up previously from $72.00) on shares of Tyson Foods in a research note on Thursday, August 11th. Pivotal Research reaffirmed a “buy” rating and set a $100.00 target price on shares of Tyson Foods in a research note on Wednesday, August 10th. Finally, Jefferies Group boosted their target price on shares of Tyson Foods from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $67.38.
Shares of Tyson Foods (NYSE:TSN) traded up 4.06% on Monday, reaching $70.50. The company’s stock had a trading volume of 5,460,472 shares. The firm has a 50 day moving average of $74.59 and a 200 day moving average of $69.19. The company has a market cap of $26.94 billion, a PE ratio of 17.14 and a beta of 0.26. Tyson Foods has a 52-week low of $42.89 and a 52-week high of $77.05.
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Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 8th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. The firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.32 billion. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The company’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Analysts predict that Tyson Foods will post $4.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.85%. Tyson Foods’s dividend payout ratio is currently 14.53%.
In other news, CEO Donald Smith sold 38,006 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $75.20, for a total transaction of $2,858,051.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert C. Thurber sold 4,500 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $74.93, for a total transaction of $337,185.00. The disclosure for this sale can be found here. Insiders own 2.69% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its position in shares of Tyson Foods by 22.6% in the first quarter. IFP Advisors Inc now owns 1,945 shares of the company’s stock valued at $130,000 after buying an additional 359 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Tyson Foods by 103.7% in the first quarter. JPMorgan Chase & Co. now owns 3,916,007 shares of the company’s stock worth $261,043,000 after buying an additional 1,993,213 shares in the last quarter. Advisor Partners LLC acquired a new stake in Tyson Foods during the first quarter worth $221,000. Landscape Capital Management L.L.C. raised its stake in Tyson Foods by 47.0% in the first quarter. Landscape Capital Management L.L.C. now owns 22,200 shares of the company’s stock worth $1,480,000 after buying an additional 7,100 shares in the last quarter. Finally, Menta Capital LLC acquired a new stake in Tyson Foods during the first quarter worth $2,286,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.
About Tyson Foods
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.
To view Vetr’s full report, visit Vetr’s official website.
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