Tyson Foods (NYSE:TSN) Price Target Raised to $76.00

Tyson Foods (NYSE:TSN) had its price target increased by Barclays from $72.00 to $76.00 in a report released on Monday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently weighed in on TSN. Bank of America dropped their price target on Tyson Foods from $62.00 to $60.00 and set a neutral rating on the stock in a research note on Wednesday, July 10th. BMO Capital Markets boosted their price objective on Tyson Foods from $58.00 to $60.00 and gave the stock a market perform rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a neutral rating in a report on Tuesday, August 6th. Finally, StockNews.com raised Tyson Foods from a hold rating to a buy rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $61.44.

Tyson Foods Stock Up 0.0 %

Shares of NYSE:TSN opened at $61.66 on Monday. The company has a market capitalization of $21.94 billion, a price-to-earnings ratio of -34.64, a P/E/G ratio of 0.46 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The business’s 50-day moving average is $61.46 and its 200-day moving average is $58.99. Tyson Foods has a 1 year low of $44.94 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same period in the prior year, the business earned $0.15 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts predict that Tyson Foods will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.18%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.

Hedge Funds Weigh In On Tyson Foods

Several institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in Tyson Foods by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock valued at $804,450,000 after purchasing an additional 128,274 shares during the period. Pzena Investment Management LLC grew its holdings in Tyson Foods by 18.4% during the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after purchasing an additional 1,939,508 shares during the period. Wellington Management Group LLP lifted its position in shares of Tyson Foods by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after acquiring an additional 606,518 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Tyson Foods by 153.2% during the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after acquiring an additional 2,920,479 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in shares of Tyson Foods by 76.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock worth $181,122,000 after acquiring an additional 1,465,139 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

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.