Tyson Foods (NYSE:TSN) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of Tyson Foods (NYSE:TSNGet Rating) from a buy rating to a strong-buy rating in a research note issued to investors on Friday morning.

TSN has been the topic of several other research reports. Zacks Investment Research downgraded shares of Tyson Foods from a buy rating to a hold rating and set a $98.00 price target on the stock. in a research note on Monday, April 11th. Bank of America raised their price target on shares of Tyson Foods from $90.00 to $100.00 and gave the stock a neutral rating in a research note on Tuesday, February 8th. Stephens raised their price target on shares of Tyson Foods from $110.00 to $115.00 and gave the stock an overweight rating in a research note on Tuesday, February 8th. JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $88.00 to $91.00 and gave the stock a neutral rating in a research note on Tuesday, February 8th. Finally, BMO Capital Markets downgraded shares of Tyson Foods from an outperform rating to a market perform rating and cut their target price for the company from $115.00 to $99.00 in a research report on Monday, March 14th. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $97.89.

Tyson Foods stock opened at $95.45 on Friday. The firm has a 50-day moving average price of $91.44 and a 200-day moving average price of $87.05. The firm has a market capitalization of $34.60 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 1.47 and a beta of 0.77. The company has a current ratio of 1.68, a quick ratio of 0.94 and a debt-to-equity ratio of 0.45. Tyson Foods has a 12-month low of $69.88 and a 12-month high of $100.72.

Tyson Foods (NYSE:TSNGet Rating) last posted its quarterly earnings results on Monday, February 7th. The company reported $2.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.97. The company had revenue of $12.93 billion for the quarter, compared to the consensus estimate of $12.17 billion. Tyson Foods had a net margin of 7.47% and a return on equity of 19.90%. The firm’s revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 EPS. As a group, sell-side analysts predict that Tyson Foods will post 8.68 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be given a $0.46 dividend. The ex-dividend date is Tuesday, May 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.45. Tyson Foods’s payout ratio is presently 18.16%.

In related news, insider Shane Miller sold 5,050 shares of Tyson Foods stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $96.00, for a total value of $484,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Noel W. White sold 50,305 shares of Tyson Foods stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $99.21, for a total transaction of $4,990,759.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,290 shares of company stock worth $8,558,443. Insiders own 1.85% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC lifted its stake in Tyson Foods by 10.2% during the 4th quarter. Manchester Capital Management LLC now owns 1,127 shares of the company’s stock valued at $98,000 after acquiring an additional 104 shares during the period. Camden Capital LLC lifted its stake in Tyson Foods by 3.0% during the 4th quarter. Camden Capital LLC now owns 3,830 shares of the company’s stock valued at $334,000 after acquiring an additional 112 shares during the period. Advocacy Wealth Management Services LLC lifted its stake in Tyson Foods by 34.7% during the 1st quarter. Advocacy Wealth Management Services LLC now owns 435 shares of the company’s stock valued at $40,000 after acquiring an additional 112 shares during the period. Capital Asset Advisory Services LLC lifted its stake in Tyson Foods by 1.4% during the 4th quarter. Capital Asset Advisory Services LLC now owns 8,073 shares of the company’s stock valued at $704,000 after acquiring an additional 115 shares during the period. Finally, Donald L. Hagan LLC lifted its stake in Tyson Foods by 2.9% during the 4th quarter. Donald L. Hagan LLC now owns 4,138 shares of the company’s stock valued at $361,000 after acquiring an additional 117 shares during the period. Institutional investors own 66.88% of the company’s stock.

About Tyson Foods (Get Rating)

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; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

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Analyst Recommendations for Tyson Foods (NYSE:TSN)

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