Tyson Foods (NYSE:TSN) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Tyson Foods (NYSE:TSN) from a buy rating to a hold rating in a research note released on Thursday.

A number of other research firms have also recently weighed in on TSN. Barclays upgraded shares of Tyson Foods from an underweight rating to an overweight rating and boosted their price objective for the company from $53.00 to $69.00 in a research report on Tuesday, April 16th. The Goldman Sachs Group boosted their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. HSBC boosted their price objective on shares of Tyson Foods from $48.00 to $51.00 and gave the company a reduce rating in a research report on Tuesday, May 7th. Bank of America cut their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a neutral rating on the stock in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of Hold and a consensus target price of $60.00.

Tyson Foods Trading Up 0.8 %

Shares of TSN opened at $57.32 on Thursday. The company’s fifty day moving average is $57.52 and its 200 day moving average is $56.58. Tyson Foods has a fifty-two week low of $44.94 and a fifty-two week high of $62.04. The stock has a market capitalization of $20.46 billion, a PE ratio of -32.20, a P/E/G ratio of 0.43 and a beta of 0.74. 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 (NYSE:TSN) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Tyson Foods’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts expect that Tyson Foods will post 2.61 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

Institutional Trading of Tyson Foods

A number of hedge funds have recently added to or reduced their stakes in TSN. Neo Ivy Capital Management purchased a new stake in Tyson Foods in the third quarter worth about $61,000. Wellington Management Group LLP lifted its stake in Tyson Foods by 2.1% in the third quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock worth $491,224,000 after acquiring an additional 200,586 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Tyson Foods by 5.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 4,976 shares of the company’s stock worth $251,000 after acquiring an additional 278 shares during the period. Sunbelt Securities Inc. lifted its stake in Tyson Foods by 13.7% in the third quarter. Sunbelt Securities Inc. now owns 7,280 shares of the company’s stock worth $368,000 after acquiring an additional 876 shares during the period. Finally, Headinvest LLC purchased a new stake in shares of Tyson Foods during the third quarter valued at about $43,000. 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.