Tyson Foods (NYSE:TSN) Stock Rating Upgraded by HSBC

HSBC upgraded shares of Tyson Foods (NYSE:TSN) from a reduce rating to a hold rating in a research note published on Monday morning, MarketBeat Ratings reports.

Other research analysts have also recently issued research reports about the stock. Stephens lifted their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. BMO Capital Markets upped their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. UBS Group started coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Bank of America decreased their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, Barclays decreased their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.80.

Tyson Foods Trading Up 2.3 %

Shares of NYSE TSN opened at $57.80 on Monday. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $58.82 and a two-hundred day simple moving average of $60.32. The firm has a market cap of $20.57 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 0.85 and a beta of 0.81. Tyson Foods has a twelve month low of $51.16 and a twelve month high of $66.88.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.03% and a net margin of 1.50%. The company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same period in the prior year, the company posted $0.69 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts expect that Tyson Foods will post 3.52 earnings per share for the current fiscal year.

Tyson Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.00 annualized dividend and a dividend yield of 3.46%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.49. Tyson Foods’s dividend payout ratio is currently 88.89%.

Insider Transactions at Tyson Foods

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the transaction, the insider now owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 414,814 shares of company stock worth $26,450,955. Insiders own 2.03% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Tyson Foods by 51.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 7,551 shares of the company’s stock valued at $431,000 after purchasing an additional 2,575 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Tyson Foods in the 2nd quarter valued at approximately $1,284,000. Czech National Bank raised its position in Tyson Foods by 6.8% in the 3rd quarter. Czech National Bank now owns 58,224 shares of the company’s stock valued at $3,468,000 after buying an additional 3,717 shares during the last quarter. GAMMA Investing LLC raised its position in Tyson Foods by 24.8% in the 3rd quarter. GAMMA Investing LLC now owns 6,596 shares of the company’s stock valued at $393,000 after buying an additional 1,311 shares during the last quarter. Finally, Mather Group LLC. raised its position in Tyson Foods by 46.5% in the 3rd quarter. Mather Group LLC. now owns 2,300 shares of the company’s stock valued at $137,000 after buying an additional 730 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

About Tyson Foods

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.