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

StockNews.com upgraded shares of Tyson Foods (NYSE:TSN) from a hold rating to a buy rating in a report issued on Wednesday morning.

Other equities analysts have also recently issued research reports about the stock. Barclays upgraded shares of Tyson Foods from an underweight rating to an overweight rating and increased their price objective for the stock from $53.00 to $69.00 in a research note on Tuesday, April 16th. The Goldman Sachs Group raised their target price on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a neutral rating in a research note on Wednesday, April 17th. Citigroup raised their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a neutral rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. raised their target price on shares of Tyson Foods from $58.00 to $59.00 in a research note on Monday, May 6th. Finally, BMO Capital Markets raised their target price on shares of Tyson Foods from $55.00 to $58.00 and gave the stock a market perform rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $60.22.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $56.59 on Wednesday. The firm’s 50 day moving average price is $58.23 and its 200-day moving average price is $56.32. Tyson Foods has a twelve month low of $44.94 and a twelve month high of $62.04. The company has a quick ratio of 0.87, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $20.20 billion, a PE ratio of -31.79, a price-to-earnings-growth ratio of 0.41 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The firm had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. During the same quarter in the prior year, the business earned ($0.04) EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts expect that Tyson Foods will post 2.58 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s payout ratio is currently -110.11%.

Institutional Investors Weigh In On Tyson Foods

Institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Tyson Foods by 7.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock valued at $6,293,000 after purchasing an additional 7,921 shares in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Tyson Foods by 8.2% in the fourth quarter. Pzena Investment Management LLC now owns 5,887,724 shares of the company’s stock valued at $316,465,000 after purchasing an additional 446,904 shares in the last quarter. Eisler Capital UK Ltd. purchased a new position in shares of Tyson Foods in the fourth quarter valued at $1,399,000. SG Americas Securities LLC grew its holdings in shares of Tyson Foods by 157.1% in the fourth quarter. SG Americas Securities LLC now owns 47,188 shares of the company’s stock valued at $2,536,000 after purchasing an additional 28,833 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in shares of Tyson Foods by 76.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after purchasing an additional 1,465,139 shares in the last quarter. 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.