Tyson Foods (NYSE:TSN) Given New $55.00 Price Target at BMO Capital Markets

Tyson Foods (NYSE:TSNFree Report) had its price objective upped by BMO Capital Markets from $52.00 to $55.00 in a report published on Tuesday morning, Benzinga reports. They currently have a market perform rating on the stock.

A number of other equities analysts have also recently weighed in on TSN. Piper Sandler upped their price target on Tyson Foods from $44.00 to $48.00 and gave the stock a neutral rating in a report on Friday, January 26th. Bank of America raised Tyson Foods from an underperform rating to a neutral rating and increased their target price for the company from $47.00 to $62.00 in a report on Tuesday. StockNews.com upgraded Tyson Foods from a sell rating to a hold rating in a research report on Monday, January 22nd. Stephens restated an overweight rating and issued a $70.00 price target on shares of Tyson Foods in a research report on Tuesday, November 14th. Finally, Citigroup assumed coverage on Tyson Foods in a research report on Thursday, February 1st. They issued a neutral rating and a $56.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Tyson Foods has a consensus rating of Hold and a consensus price target of $57.64.

Get Our Latest Analysis on Tyson Foods

Tyson Foods Stock Performance

Tyson Foods stock opened at $55.39 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $53.03 and its two-hundred day simple moving average is $51.51. Tyson Foods has a fifty-two week low of $44.94 and a fifty-two week high of $63.49.

Tyson Foods (NYSE:TSNGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.28. The business had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. As a group, sell-side analysts forecast that Tyson Foods will post 2.1 EPS for the current year.

Tyson Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.54%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, February 29th. Tyson Foods’s dividend payout ratio is -79.35%.

Insiders Place Their Bets

In other news, Chairman John H. Tyson sold 133,277 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $46.16, for a total value of $6,152,066.32. Following the sale, the chairman now directly owns 2,739,150 shares in the company, valued at $126,439,164. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.05% of the stock is owned by insiders.

Institutional Trading of Tyson Foods

Hedge funds have recently modified their holdings of the stock. Pzena Investment Management LLC acquired a new stake in Tyson Foods in the third quarter valued at $274,707,000. Price T Rowe Associates Inc. MD raised its stake in Tyson Foods by 97.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock valued at $561,869,000 after buying an additional 4,669,457 shares in the last quarter. Vanguard Group Inc. grew 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 last quarter. Bank of New York Mellon Corp grew its holdings in shares of Tyson Foods by 97.2% during the third quarter. Bank of New York Mellon Corp now owns 4,250,887 shares of the company’s stock worth $214,627,000 after purchasing an additional 2,095,597 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Tyson Foods during the third quarter worth about $77,574,000. 63.68% of the stock is currently owned by institutional investors and hedge funds.

About Tyson Foods

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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.

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