Tyson Foods Inc. (TSN) Rating Increased to Sell at Vetr Inc.
Tyson Foods Inc. (NYSE:TSN) was upgraded by stock analysts at Vetr from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $68.87 price objective on the stock. Vetr‘s price objective indicates a potential downside of 3.52% from the company’s previous close.
Several other brokerages have also recently issued reports on TSN. JPMorgan Chase & Co. reiterated a “focus list” rating on shares of Tyson Foods in a research report on Tuesday, October 4th. RBC Capital Markets reiterated a “sector perform” rating and set a $75.00 price target (up previously from $72.00) on shares of Tyson Foods in a research report on Thursday, August 11th. BMO Capital Markets reiterated a “market perform” rating and set a $77.00 price target on shares of Tyson Foods in a research report on Thursday, August 11th. Pivotal Research reiterated a “buy” rating and set a $100.00 price target on shares of Tyson Foods in a research report on Wednesday, August 10th. Finally, Credit Agricole SA boosted their price target on shares of Tyson Foods from $77.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $68.42.
Tyson Foods (NYSE:TSN) traded up 1.25% during trading on Tuesday, hitting $71.38. 3,849,492 shares of the company’s stock traded hands. Tyson Foods has a 12 month low of $42.89 and a 12 month high of $77.05. The stock has a market cap of $27.27 billion, a P/E ratio of 17.35 and a beta of 0.26. The company’s 50 day moving average is $74.47 and its 200-day moving average is $69.21.
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Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 8th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. The firm 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 quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, 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. Investors of record on Thursday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. Tyson Foods’s dividend payout ratio (DPR) is 14.53%.
In related news, SVP Curt Calaway sold 21,200 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $74.79, for a total transaction of $1,585,548.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Donald Smith sold 38,006 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $75.20, for a total transaction of $2,858,051.20. The disclosure for this sale can be found here. Corporate insiders own 2.69% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TradeLink Capital LLC increased its position in Tyson Foods by 0.6% in the second quarter. TradeLink Capital LLC now owns 3,396 shares of the company’s stock valued at $227,000 after buying an additional 20 shares during the last quarter. Washington Trust Bank increased its position in Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock valued at $107,000 after buying an additional 31 shares during the last quarter. Wedbush Securities Inc. increased its position in Tyson Foods by 0.9% in the second quarter. Wedbush Securities Inc. now owns 3,764 shares of the company’s stock valued at $251,000 after buying an additional 34 shares during the last quarter. Advisor Partners LLC increased its position in Tyson Foods by 1.2% in the second quarter. Advisor Partners LLC now owns 3,355 shares of the company’s stock valued at $224,000 after buying an additional 40 shares during the last quarter. Finally, Cadence Capital Management LLC increased its position in Tyson Foods by 1.1% in the second quarter. Cadence Capital Management LLC now owns 5,377 shares of the company’s stock valued at $359,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.
Tyson Foods Company Profile
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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