Tyson Foods (NYSE:TSN) Upgraded at StockNews.com

StockNews.com upgraded shares of Tyson Foods (NYSE:TSN) from a hold rating to a buy rating in a report issued on Tuesday morning.

TSN has been the topic of a number of other research reports. HSBC lifted their target price on shares of Tyson Foods from $48.00 to $51.00 and gave the stock a reduce rating in a research report on Tuesday, May 7th. Piper Sandler increased their target price on Tyson Foods from $55.00 to $57.00 and gave the company a neutral rating in a report on Tuesday, May 7th. BMO Capital Markets lifted their price target on Tyson Foods from $58.00 to $60.00 and gave the stock a market perform rating in a research note on Tuesday. The Goldman Sachs Group increased their price objective on Tyson Foods from $49.00 to $54.00 and gave the company a neutral rating in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a neutral rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Tyson Foods currently has an average rating of Hold and an average target price of $61.00.

Tyson Foods Stock Up 1.2 %

TSN opened at $61.89 on Tuesday. The business’s fifty day simple moving average is $57.86 and its 200 day simple moving average is $57.35. Tyson Foods has a 52 week low of $44.94 and a 52 week high of $63.90. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. The stock has a market cap of $22.09 billion, a PE ratio of -34.77, a P/E/G ratio of 0.44 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating 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 company had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same period last year, the firm posted $0.15 EPS. Tyson Foods’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts expect that Tyson Foods will post 2.74 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.17%. Tyson Foods’s payout ratio is currently -110.11%.

Institutional Investors Weigh In On Tyson Foods

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in Tyson Foods by 13.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock worth $103,000 after buying an additional 198 shares in the last quarter. Ridgewood Investments LLC raised its position in shares of Tyson Foods by 0.8% in the 1st quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock worth $1,512,000 after acquiring an additional 199 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Tyson Foods by 42.0% in the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after purchasing an additional 214 shares during the period. Unison Advisors LLC boosted its position in shares of Tyson Foods by 0.8% during the second quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock valued at $1,460,000 after purchasing an additional 214 shares in the last quarter. Finally, Caprock Group LLC grew its stake in Tyson Foods by 2.5% in the second quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock worth $546,000 after purchasing an additional 235 shares during the period. 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.