Tyson Foods (NYSE:TSN) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Tyson Foods (NYSE:TSN) from a hold rating to a buy rating in a research report released on Tuesday.

Several other research analysts also recently commented on the company. HSBC raised their price objective on Tyson Foods from $48.00 to $51.00 and gave the stock a reduce rating in a report on Tuesday, May 7th. The Goldman Sachs Group raised their price target on Tyson Foods from $49.00 to $54.00 and gave the company a neutral rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a neutral rating in a report on Tuesday. Bank of America dropped their target price on shares of Tyson Foods from $62.00 to $60.00 and set a neutral rating on the stock in a report on Wednesday, July 10th. Finally, Piper Sandler boosted their price target on shares of Tyson Foods from $55.00 to $57.00 and gave the company a neutral rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $61.00.

Tyson Foods Stock Up 1.2 %

NYSE:TSN opened at $61.89 on Tuesday. The stock has a fifty day simple moving average of $57.86 and a 200-day simple moving average of $57.35. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. The company has a market cap of $22.09 billion, a price-to-earnings ratio of -34.77, a price-to-earnings-growth ratio of 0.44 and a beta of 0.74. Tyson Foods has a twelve month low of $44.94 and a twelve month high of $63.90.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The company had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. Analysts anticipate that Tyson Foods will post 2.74 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.17%. Tyson Foods’s dividend payout ratio is currently -110.11%.

Institutional Trading of Tyson Foods

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System raised its stake in Tyson Foods by 0.7% in the fourth quarter. Arizona State Retirement System now owns 78,481 shares of the company’s stock valued at $4,218,000 after buying an additional 563 shares during the last quarter. Private Trust Co. NA boosted its stake in Tyson Foods by 47.1% in the 4th quarter. Private Trust Co. NA now owns 1,475 shares of the company’s stock worth $79,000 after purchasing an additional 472 shares in the last quarter. International Assets Investment Management LLC grew its position in Tyson Foods by 5,292.3% during the 4th quarter. International Assets Investment Management LLC now owns 19,520 shares of the company’s stock worth $1,049,000 after purchasing an additional 19,158 shares during the last quarter. Allworth Financial LP increased its stake in Tyson Foods by 26.1% during the 4th quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock valued at $64,000 after purchasing an additional 245 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Tyson Foods by 0.6% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 55,019 shares of the company’s stock worth $2,932,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors 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.