Tyson Foods Inc. (TSN) Raised to Sell at Vetr Inc.
Tyson Foods Inc. (NYSE:TSN) was upgraded by equities research analysts at Vetr from a “strong sell” rating to a “sell” rating in a report released on Tuesday. The firm presently has a $68.87 price objective on the stock. Vetr‘s target price points to a potential downside of 3.52% from the company’s previous close.
Several other brokerages have also recently weighed in on TSN. 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. Jefferies Group boosted their price objective 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. Credit Agricole SA boosted their price objective 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. RBC Capital Markets reissued a “sector perform” rating and issued a $72.00 price objective (up previously from $68.00) on shares of Tyson Foods in a research note on Friday, August 5th. Finally, Pivotal Research reissued a “buy” rating and issued a $100.00 price objective on shares of Tyson Foods in a research note on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $68.42.
Tyson Foods (NYSE:TSN) traded up 1.25% during mid-day trading on Tuesday, hitting $71.38. The company’s stock had a trading volume of 3,849,492 shares. The firm has a market cap of $27.27 billion, a price-to-earnings ratio of 17.35 and a beta of 0.26. Tyson Foods has a 52-week low of $42.89 and a 52-week high of $77.05. The firm has a 50 day moving average of $74.47 and a 200-day moving average of $69.21.
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Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.15. The company earned $9.40 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 earnings per share. On average, equities research analysts expect that Tyson Foods will post $4.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.15 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Tyson Foods’s dividend payout ratio is presently 14.53%.
In related news, insider Noel W. White sold 74,934 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $75.44, for a total value of $5,653,020.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman John H. Tyson sold 282,478 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $74.22, for a total transaction of $20,965,517.16. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of TSN. Washington Trust Bank raised its stake in Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock worth $107,000 after buying an additional 31 shares in the last quarter. Evercore Wealth Management LLC raised its stake in Tyson Foods by 22.2% in the second quarter. Evercore Wealth Management LLC now owns 1,775 shares of the company’s stock worth $119,000 after buying an additional 323 shares in the last quarter. Financial Architects Inc raised its stake in Tyson Foods by 1,101.3% in the second quarter. Financial Architects Inc now owns 1,838 shares of the company’s stock worth $122,000 after buying an additional 1,685 shares in the last quarter. IFP Advisors Inc raised its stake in Tyson Foods by 22.6% in the first quarter. IFP Advisors Inc now owns 1,945 shares of the company’s stock worth $130,000 after buying an additional 359 shares in the last quarter. Finally, Kernodle & Katon Asset Management Group LLC acquired a new stake in Tyson Foods during the second quarter worth $156,000. 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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