Tyson Foods (NYSE:TSN) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Tyson Foods (NYSE:TSN) from a market perform rating to an outperform rating in a research note published on Thursday morning, Marketbeat Ratings reports. The firm currently has $67.00 price target on the stock, up from their previous price target of $60.00.

Other analysts have also issued research reports about the company. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Bank of America reduced their price target on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Santander started coverage on shares of Tyson Foods in a research report on Thursday, September 25th. They set a “neutral” rating on the stock. Finally, Piper Sandler lifted their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Three equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $61.91.

Tyson Foods Stock Up 1.2%

Shares of Tyson Foods stock opened at $58.05 on Thursday. Tyson Foods has a 12-month low of $50.56 and a 12-month high of $64.36. The firm has a market capitalization of $20.49 billion, a PE ratio of 43.64, a price-to-earnings-growth ratio of 1.33 and a beta of 0.48. The company has a quick ratio of 0.66, a current ratio of 1.55 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average is $56.48 and its 200-day moving average is $55.25.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The firm had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.08 billion. During the same quarter last year, the business posted $0.92 EPS. Tyson Foods’s revenue was up 2.2% on a year-over-year basis. Equities analysts anticipate that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, February 27th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s dividend payout ratio (DPR) is 153.38%.

Insider Buying and Selling at Tyson Foods

In other news, Chairman John H. Tyson sold 100,301 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $58.05, for a total value of $5,822,473.05. Following the sale, the chairman directly owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Curt Calaway sold 6,539 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total value of $373,965.41. Following the transaction, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at $1,820,529.27. This represents a 17.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.11% of the company’s stock.

Institutional Investors Weigh In On Tyson Foods

Hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC increased its holdings in shares of Tyson Foods by 10.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after purchasing an additional 179 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its stake in shares of Tyson Foods by 10.0% in the third quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock valued at $119,000 after buying an additional 200 shares during the period. DekaBank Deutsche Girozentrale grew its position in Tyson Foods by 0.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 56,200 shares of the company’s stock worth $3,099,000 after buying an additional 206 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its position in shares of Tyson Foods by 1.2% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 18,074 shares of the company’s stock worth $975,000 after acquiring an additional 210 shares during the period. Finally, Peddock Capital Advisors LLC grew its holdings in shares of Tyson Foods by 1.0% during the 2nd quarter. Peddock Capital Advisors LLC now owns 21,152 shares of the company’s stock worth $1,183,000 after purchasing an additional 217 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.