Tyson Foods, Inc. (TSN) Earns Buy Rating from Fundamental Research
Tyson Foods, Inc. (NYSE:TSN)‘s stock had its “buy” rating reaffirmed by stock analysts at Fundamental Research in a research report issued to clients and investors on Thursday.
A number of other research firms also recently commented on TSN. Zacks Investment Research downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Pivotal Research restated a “sell” rating and issued a $40.00 price objective on shares of Tyson Foods in a report on Tuesday, August 8th. ValuEngine downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC restated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $76.00 price target on shares of Tyson Foods in a report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $69.79.
Shares of Tyson Foods (TSN) opened at 64.90 on Thursday. The stock has a market capitalization of $23.81 billion, a P/E ratio of 13.68 and a beta of 0.26. Tyson Foods has a one year low of $55.72 and a one year high of $77.05. The stock’s 50 day moving average is $62.71 and its 200-day moving average is $62.26.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.10. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The firm had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts expect that Tyson Foods will post $5.06 EPS for the current year.
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In related news, CFO Dennis Leatherby sold 145,100 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $65.97, for a total value of $9,572,247.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mikel A. Durham bought 2,809 shares of Tyson Foods stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $65.77 per share, with a total value of $184,747.93. The disclosure for this purchase can be found here. 2.65% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Afam Capital Inc. boosted its position in shares of Tyson Foods by 4.8% in the second quarter. Afam Capital Inc. now owns 73,835 shares of the company’s stock worth $4,624,000 after buying an additional 3,367 shares during the last quarter. U S Global Investors Inc. boosted its position in shares of Tyson Foods by 52.0% in the second quarter. U S Global Investors Inc. now owns 8,967 shares of the company’s stock worth $562,000 after buying an additional 3,067 shares during the last quarter. Greenwood Gearhart Inc. boosted its position in shares of Tyson Foods by 11.9% in the second quarter. Greenwood Gearhart Inc. now owns 13,148 shares of the company’s stock worth $823,000 after buying an additional 1,398 shares during the last quarter. Koch Industries Inc. boosted its position in shares of Tyson Foods by 13,862.2% in the second quarter. Koch Industries Inc. now owns 776,858 shares of the company’s stock worth $765,000 after buying an additional 771,294 shares during the last quarter. Finally, Polaris Capital Management LLC bought a new position in shares of Tyson Foods during the second quarter worth about $2,543,000. 71.05% of the stock is owned by institutional investors.
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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