Tyson Foods (NYSE:TSN) Downgraded by StockNews.com

StockNews.com downgraded shares of Tyson Foods (NYSE:TSN) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

A number of other equities research analysts have also recently issued reports on the stock. Stephens restated an overweight rating and set a $70.00 price target on shares of Tyson Foods in a report on Tuesday, February 6th. Barclays upgraded Tyson Foods from an underweight rating to an overweight rating and upped their target price for the company from $53.00 to $69.00 in a research report on Tuesday, April 16th. Bank of America raised Tyson Foods from an underperform rating to a neutral rating and raised their target price for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. The Goldman Sachs Group lifted their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the company a neutral rating in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. raised their target price on Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $60.22.

Tyson Foods Price Performance

NYSE TSN traded down $0.61 during trading hours on Friday, reaching $59.71. The company’s stock had a trading volume of 1,675,503 shares, compared to its average volume of 3,076,382. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77. Tyson Foods has a fifty-two week low of $44.94 and a fifty-two week high of $62.04. The company’s 50-day moving average is $59.36 and its two-hundred day moving average is $54.78. The stock has a market cap of $21.32 billion, a PE ratio of -33.54, a PEG ratio of 0.44 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 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $13.16 billion. During the same quarter in the previous year, the business posted ($0.04) EPS. The firm’s revenue was down .5% compared to the same quarter last year. Analysts forecast that Tyson Foods will post 2.56 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.49 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.28%. Tyson Foods’s payout ratio is -110.11%.

Hedge Funds Weigh In On Tyson Foods

Institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas raised its holdings in Tyson Foods by 2.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 22,128 shares of the company’s stock valued at $1,117,000 after acquiring an additional 533 shares during the last quarter. M&T Bank Corp lifted its stake in Tyson Foods by 8.5% in the third quarter. M&T Bank Corp now owns 26,037 shares of the company’s stock valued at $1,314,000 after buying an additional 2,046 shares during the last quarter. Private Advisor Group LLC raised its stake in Tyson Foods by 12.6% during the 3rd quarter. Private Advisor Group LLC now owns 7,064 shares of the company’s stock valued at $357,000 after acquiring an additional 791 shares during the last quarter. Larson Financial Group LLC increased its stake in Tyson Foods by 1,606.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,655 shares of the company’s stock valued at $84,000 after buying an additional 1,558 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Tyson Foods by 4.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 80,804 shares of the company’s stock valued at $4,080,000 after purchasing an additional 3,516 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other 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.