Tyson Foods (NYSE:TSN) Sets New 52-Week High at $92.06

Tyson Foods, Inc. (NYSE:TSN)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $92.06 and last traded at $92.02, with a volume of 9220 shares trading hands. The stock had previously closed at $90.75.

Several brokerages recently commented on TSN. BMO Capital Markets increased their price objective on shares of Tyson Foods from $95.00 to $103.00 and gave the company an “outperform” rating in a research note on Tuesday, November 16th. Zacks Investment Research downgraded shares of Tyson Foods from a “strong-buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research note on Tuesday, December 14th. Stephens raised their price target on shares of Tyson Foods from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 16th. Piper Sandler raised their price target on shares of Tyson Foods from $83.00 to $86.00 and gave the company a “neutral” rating in a research note on Tuesday, November 16th. Finally, Bank of America raised their price target on shares of Tyson Foods from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, November 16th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $91.00.

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.86. The company’s 50-day moving average price is $85.09 and its two-hundred day moving average price is $79.65. The company has a market capitalization of $34.20 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.69 and a beta of 0.84.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, November 15th. The company reported $2.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.27. The company had revenue of $12.81 billion during the quarter, compared to analysts’ expectations of $12.69 billion. Tyson Foods had a net margin of 6.48% and a return on equity of 18.68%. Tyson Foods’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.81 earnings per share. On average, equities research analysts expect that Tyson Foods, Inc. will post 7.19 EPS for the current fiscal year.

In other Tyson Foods news, Director Robert C. Thurber sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 16th. The shares were sold at an average price of $86.70, for a total value of $260,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Noel W. White sold 22,500 shares of the firm’s stock in a transaction on Tuesday, December 14th. The stock was sold at an average price of $86.04, for a total transaction of $1,935,900.00. The disclosure for this sale can be found here. Insiders sold 167,514 shares of company stock valued at $14,165,222 over the last 90 days. Corporate insiders own 1.85% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Benjamin Edwards Inc. acquired a new position in shares of Tyson Foods during the third quarter valued at about $27,000. Glassman Wealth Services grew its holdings in shares of Tyson Foods by 69.7% during the third quarter. Glassman Wealth Services now owns 392 shares of the company’s stock valued at $31,000 after buying an additional 161 shares during the last quarter. AGF Investments LLC acquired a new position in shares of Tyson Foods during the second quarter valued at about $35,000. Clearstead Advisors LLC grew its holdings in shares of Tyson Foods by 1,153.7% during the third quarter. Clearstead Advisors LLC now owns 514 shares of the company’s stock valued at $41,000 after buying an additional 473 shares during the last quarter. Finally, Destiny Wealth Partners LLC acquired a new position in shares of Tyson Foods during the third quarter valued at about $41,000. Hedge funds and other institutional investors own 65.80% of the company’s stock.

Tyson Foods Company Profile (NYSE:TSN)

Tyson Foods, Inc engages in the production of processed food. It operates through the following segments: Chicken, Beef, Pork, and Prepared Foods. The Chicken segment involves in domestic operations related to raising and processing live chickens into fresh, frozen and value-added chicken products, as well as sales from allied products.

Featured Story: Municipal Bonds

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.