Tyson Foods, Inc. Declares Quarterly Dividend of $0.46 (NYSE:TSN)

Tyson Foods, Inc. (NYSE:TSN – Get Rating) declared a quarterly dividend on Monday, May 23rd, RTT News reports. Stockholders of record on Thursday, September 1st will be given a dividend of 0.46 per share on Thursday, September 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.11%.

Tyson Foods has raised its dividend by an average of 10.3% annually over the last three years and has increased its dividend every year for the last 11 years. Tyson Foods has a payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tyson Foods to earn $7.88 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 23.4%.

Shares of NYSE TSN traded up $2.06 during trading on Monday, reaching $87.34. 1,963,067 shares of the stock were exchanged, compared to its average volume of 2,552,165. The business’s 50-day moving average price is $90.84 and its 200 day moving average price is $89.25. Tyson Foods has a twelve month low of $69.88 and a twelve month high of $100.72. The company has a quick ratio of 0.86, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $31.66 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 1.24 and a beta of 0.69.

Tyson Foods (NYSE:TSN – Get Rating) last posted its earnings results on Monday, May 9th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.46. Tyson Foods had a net margin of 7.90% and a return on equity of 21.13%. The business had revenue of $13.12 billion for the quarter, compared to analysts’ expectations of $12.84 billion. During the same period in the previous year, the company posted $1.34 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, sell-side analysts expect that Tyson Foods will post 9.06 earnings per share for the current fiscal year.

In other news, EVP Amy Tu sold 3,346 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $90.30, for a total transaction of $302,143.80. Following the completion of the transaction, the executive vice president now owns 51,381 shares in the company, valued at $4,639,704.30. 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 22,540 shares of the company’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $87.19, for a total transaction of $1,965,262.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,936 shares of company stock valued at $2,752,206. 1.85% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in TSN. HB Wealth Management LLC bought a new position in Tyson Foods in the 4th quarter valued at about $268,000. Metropolitan Life Insurance Co NY grew its position in Tyson Foods by 16.4% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 33,544 shares of the company’s stock valued at $2,924,000 after buying an additional 4,735 shares in the last quarter. Allstate Corp grew its position in Tyson Foods by 811.2% in the 4th quarter. Allstate Corp now owns 29,822 shares of the company’s stock valued at $2,599,000 after buying an additional 26,549 shares in the last quarter. State of Tennessee Treasury Department grew its position in Tyson Foods by 96.0% in the 4th quarter. State of Tennessee Treasury Department now owns 221,343 shares of the company’s stock valued at $19,292,000 after buying an additional 108,428 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Tyson Foods by 4.1% in the 4th quarter. Parametric Portfolio Associates LLC now owns 1,631,308 shares of the company’s stock valued at $142,185,000 after acquiring an additional 64,891 shares during the last quarter. Hedge funds and other institutional investors own 66.94% of the company’s stock.

A number of research analysts have recently commented on TSN shares. Stephens boosted their target price on shares of Tyson Foods from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 8th. StockNews.com cut shares of Tyson Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, May 13th. Zacks Investment Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating and set a $98.00 price target on the stock. in a report on Monday, April 11th. BMO Capital Markets cut shares of Tyson Foods from an “outperform” rating to a “market perform” rating and cut their price target for the company from $115.00 to $99.00 in a report on Monday, March 14th. Finally, Credit Suisse Group upped their price target on shares of Tyson Foods from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 8th. 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $98.00.

Tyson Foods Company Profile (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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