BidaskClub Lowers Tyson Foods, Inc. (TSN) to Hold
Tyson Foods, Inc. (NYSE:TSN) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
A number of other research analysts have also weighed in on TSN. Vertical Research upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. ValuEngine lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. J P Morgan Chase & Co raised their price objective on Tyson Foods from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday. Barclays PLC initiated coverage on Tyson Foods in a research report on Tuesday, June 6th. They set an “overweight” rating and a $70.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $69.50.
Shares of Tyson Foods (NYSE:TSN) traded up 0.36% during midday trading on Thursday, reaching $61.79. The company’s stock had a trading volume of 2,031,235 shares. Tyson Foods has a 12 month low of $55.72 and a 12 month high of $77.05. The company has a market cap of $22.68 billion, a PE ratio of 12.91 and a beta of 0.22. The company’s 50-day moving average price is $59.70 and its 200-day moving average price is $62.06.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.05. The firm had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $9.07 billion. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. On average, equities analysts anticipate that Tyson Foods will post $5.00 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, August 30th. Tyson Foods’s payout ratio is currently 18.79%.
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A number of hedge funds have recently made changes to their positions in the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Tyson Foods during the fourth quarter valued at about $580,000. Kentucky Retirement Systems purchased a new stake in shares of Tyson Foods during the fourth quarter valued at about $1,300,000. UBS Asset Management Americas Inc. increased its stake in shares of Tyson Foods by 3.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,538,835 shares of the company’s stock valued at $94,916,000 after buying an additional 55,299 shares during the last quarter. Vident Investment Advisory LLC increased its stake in shares of Tyson Foods by 20.0% in the fourth quarter. Vident Investment Advisory LLC now owns 40,205 shares of the company’s stock valued at $2,480,000 after buying an additional 6,702 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Tyson Foods during the fourth quarter valued at about $177,442,000. 72.38% of the stock is owned by institutional investors and hedge funds.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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