Tyson Foods (NYSE:TSN) Upgraded to “Overweight” by Barclays

Barclays upgraded shares of Tyson Foods (NYSE:TSN) from an underweight rating to an overweight rating in a report published on Tuesday, MarketBeat reports. They currently have $69.00 target price on the stock, up from their previous target price of $53.00.

Several other equities research analysts also recently weighed in on the company. BMO Capital Markets upped their target price on Tyson Foods from $52.00 to $55.00 and gave the stock a market perform rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. upped their target price on Tyson Foods from $51.00 to $55.00 and gave the stock a neutral rating in a research report on Thursday, February 1st. Piper Sandler upped their target price on Tyson Foods from $44.00 to $48.00 and gave the stock a neutral rating in a research report on Friday, January 26th. Stephens reiterated an overweight rating and issued a $70.00 price target on shares of Tyson Foods in a research note on Tuesday, February 6th. Finally, StockNews.com upgraded Tyson Foods from a sell rating to a hold rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $59.80.

Tyson Foods Price Performance

TSN stock opened at $58.15 on Tuesday. The stock has a 50-day moving average price of $55.78 and a two-hundred day moving average price of $52.28. Tyson Foods has a 12-month low of $44.94 and a 12-month high of $63.28. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The company has a market cap of $20.72 billion, a PE ratio of -23.54, a price-to-earnings-growth ratio of 0.46 and a beta of 0.77.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $13.34 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The company’s revenue was up .4% compared to the same quarter last year. As a group, research analysts predict that Tyson Foods will post 2.35 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.37%. The ex-dividend date is Friday, May 31st. Tyson Foods’s payout ratio is currently -79.35%.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the sale, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.05% of the stock is currently owned by insiders.

Institutional Trading of Tyson Foods

Several institutional investors and hedge funds have recently bought and sold shares of TSN. Sugarloaf Wealth Management LLC grew its holdings in shares of Tyson Foods by 74.7% during the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after purchasing an additional 254 shares during the last quarter. Manchester Capital Management LLC grew its holdings in shares of Tyson Foods by 501.9% during the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after purchasing an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Tyson Foods by 47.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. First Financial Corp IN bought a new position in shares of Tyson Foods during the first quarter valued at approximately $35,000. Finally, Lindbrook Capital LLC grew its holdings in shares of Tyson Foods by 306.8% during the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.