A number of other analysts have also recently commented on the stock. Argus upgraded shares of Tyson Foods from a hold rating to a buy rating and set a $92.00 price objective for the company in a research report on Tuesday, May 14th. Barclays upped their price objective on shares of Tyson Foods from $85.00 to $100.00 and gave the company an overweight rating in a research report on Friday, June 21st. BMO Capital Markets restated a top pick rating and issued a $90.00 price objective on shares of Tyson Foods in a research report on Tuesday, May 7th. They noted that the move was a valuation call. Mizuho upped their price objective on shares of Tyson Foods from $89.00 to $95.00 and gave the company a buy rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research upgraded shares of Tyson Foods from a hold rating to a buy rating and set a $91.00 price objective for the company in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $82.86.
TSN stock opened at $87.86 on Monday. The business’s fifty day moving average is $82.48 and its 200-day moving average is $74.33. The company has a quick ratio of 0.59, a current ratio of 1.33 and a debt-to-equity ratio of 0.74. The company has a market cap of $32.19 billion, a P/E ratio of 14.26 and a beta of 0.50. Tyson Foods has a twelve month low of $49.77 and a twelve month high of $89.88.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.47. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The company had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $10.95 billion. During the same quarter in the prior year, the business posted $1.50 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Research analysts anticipate that Tyson Foods will post 5.96 earnings per share for the current fiscal year.
In other Tyson Foods news, insider Sally Grimes sold 57,774 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total transaction of $4,910,790.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mary Oleksiuk sold 43,592 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total value of $3,600,699.20. The disclosure for this sale can be found here. 1.69% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in TSN. Zions Bancorporation N.A. bought a new position in shares of Tyson Foods in the 1st quarter valued at about $25,000. Advisors Preferred LLC bought a new position in shares of Tyson Foods in the 2nd quarter valued at about $26,000. Valeo Financial Advisors LLC bought a new position in shares of Tyson Foods in the 2nd quarter valued at about $32,000. West Oak Capital LLC bought a new position in shares of Tyson Foods in the 2nd quarter valued at about $34,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Tyson Foods by 100.0% in the 1st quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $35,000 after acquiring an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 69.03% of the company’s stock.
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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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