Tyson Foods (NYSE:TSN) Stock Rating Upgraded by Barclays

Barclays upgraded shares of Tyson Foods (NYSE:TSN) from an underweight rating to an overweight rating in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has $69.00 target price on the stock, up from their prior target price of $53.00.

Other equities analysts also recently issued reports about the stock. Stephens restated an overweight rating and set a $70.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 6th. Bank of America upgraded shares of Tyson Foods from an underperform rating to a neutral rating and increased their price objective for the stock from $47.00 to $62.00 in a research note on Tuesday, February 6th. BMO Capital Markets increased their price objective on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a market perform rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $51.00 to $55.00 and gave the stock a neutral rating in a research note on Thursday, February 1st. Finally, StockNews.com upgraded shares of Tyson Foods from a sell rating to a hold rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $59.80.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $58.15 on Tuesday. The firm has a market cap of $20.72 billion, a PE ratio of -23.54, a PEG ratio of 0.46 and a beta of 0.77. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. Tyson Foods has a 1-year low of $44.94 and a 1-year high of $63.28. The company has a fifty day moving average price of $55.78 and a 200 day moving average price of $52.28.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. The firm had revenue of $13.32 billion during the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. Research analysts predict that Tyson Foods will post 2.35 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.37%. Tyson Foods’s dividend payout ratio is currently -79.35%.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.05% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TSN. Cantor Fitzgerald Investment Advisor L.P raised its holdings in Tyson Foods by 94.9% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 317,286 shares of the company’s stock valued at $28,439,000 after acquiring an additional 154,507 shares during the period. Markel Corp increased its holdings in shares of Tyson Foods by 2.1% during the first quarter. Markel Corp now owns 384,500 shares of the company’s stock worth $34,463,000 after purchasing an additional 8,000 shares during the period. Aviva PLC increased its holdings in shares of Tyson Foods by 25.5% during the first quarter. Aviva PLC now owns 121,466 shares of the company’s stock worth $10,887,000 after purchasing an additional 24,669 shares during the period. Prudential PLC bought a new position in shares of Tyson Foods during the first quarter worth approximately $747,000. Finally, Vanguard Group Inc. increased its holdings in shares of Tyson Foods by 6.4% during the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after purchasing an additional 2,239,235 shares during the period. 67.00% of the stock is owned by institutional investors.

Tyson Foods Company Profile

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.