Tyson Foods (NYSE:TSN) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Tyson Foods (NYSE:TSN – Get Rating) in a report issued on Thursday morning. The firm issued a hold rating on the stock.

TSN has been the topic of several other research reports. JPMorgan Chase & Co. dropped their target price on shares of Tyson Foods from $69.00 to $63.00 and set a neutral rating on the stock in a research report on Tuesday, February 7th. Bank of America lowered their price target on shares of Tyson Foods from $62.00 to $56.00 and set an underperform rating on the stock in a report on Tuesday, February 7th. Sanford C. Bernstein lowered their price target on shares of Tyson Foods to $76.00 in a report on Monday, December 12th. Barclays cut shares of Tyson Foods from an equal weight rating to an underweight rating and lowered their price target for the stock from $89.00 to $58.00 in a report on Monday, November 28th. Finally, The Goldman Sachs Group cut shares of Tyson Foods from a buy rating to a neutral rating and lowered their price target for the stock from $91.00 to $66.00 in a report on Monday, February 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $68.00.

Tyson Foods Price Performance

Tyson Foods stock opened at $58.54 on Thursday. Tyson Foods has a 52 week low of $56.07 and a 52 week high of $99.54. The company’s 50 day moving average price is $61.90 and its two-hundred day moving average price is $65.03. The company has a quick ratio of 0.66, a current ratio of 1.75 and a debt-to-equity ratio of 0.40. The stock has a market cap of $20.82 billion, a P/E ratio of 8.70 and a beta of 0.75.

Tyson Foods (NYSE:TSN – Get Rating) last posted its earnings results on Monday, February 6th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.50). Tyson Foods had a return on equity of 12.41% and a net margin of 4.54%. The firm had revenue of $13.26 billion for the quarter, compared to the consensus estimate of $13.51 billion. During the same period in the prior year, the business earned $2.87 EPS. Tyson Foods’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Tyson Foods will post 4.15 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, May 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.28%. Tyson Foods’s dividend payout ratio (DPR) is currently 28.53%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Tyson Foods by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 37,952,675 shares of the company’s stock valued at $2,502,220,000 after purchasing an additional 138,254 shares in the last quarter. State Street Corp grew its position in shares of Tyson Foods by 1.8% during the 1st quarter. State Street Corp now owns 14,557,461 shares of the company’s stock valued at $1,304,785,000 after purchasing an additional 264,159 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Tyson Foods by 10.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,355,049 shares of the company’s stock valued at $395,602,000 after purchasing an additional 603,829 shares in the last quarter. Victory Capital Management Inc. grew its position in Tyson Foods by 8.8% in the fourth quarter. Victory Capital Management Inc. now owns 5,653,232 shares of the company’s stock worth $351,914,000 after acquiring an additional 454,957 shares in the last quarter. Finally, Northern Trust Corp grew its position in Tyson Foods by 1.9% in the second quarter. Northern Trust Corp now owns 5,217,416 shares of the company’s stock worth $449,012,000 after acquiring an additional 97,761 shares in the last quarter. 66.64% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Company Profile

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Tyson Foods, Inc engages in the production of frozen and refrigerated food products. It operates through the following segments: Beef, Pork, Chicken, and Prepared Foods. The Beef segment includes processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products.