Sanford C. Bernstein Begins Coverage on Tyson Foods (TSN)


Sanford C. Bernstein started coverage on shares of Tyson Foods (NYSE:TSN) in a research report report published on Thursday, MarketBeat Ratings reports. The brokerage issued an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Jefferies Group reissued a buy rating on shares of Tyson Foods in a research report on Thursday, February 8th. Pivotal Research downgraded shares of Tyson Foods from a hold rating to a sell rating and cut their price objective for the company from $75.00 to $55.00 in a research report on Monday, April 2nd. Buckingham Research reissued a hold rating and set a $71.00 price objective (down previously from $79.00) on shares of Tyson Foods in a research report on Tuesday, May 8th. Zacks Investment Research downgraded shares of Tyson Foods from a hold rating to a sell rating in a research report on Thursday. Finally, Piper Jaffray set a $92.00 price objective on shares of Tyson Foods and gave the company a buy rating in a research report on Friday, February 9th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $74.93.


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NYSE:TSN traded up $0.53 during trading hours on Thursday, reaching $68.25. The company had a trading volume of 1,741,300 shares, compared to its average volume of 2,178,663. The company has a current ratio of 1.56, a quick ratio of 0.70 and a debt-to-equity ratio of 0.73. Tyson Foods has a 52 week low of $57.20 and a 52 week high of $84.65. The company has a market cap of $24.76 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.93 and a beta of 0.20.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 7th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.04). Tyson Foods had a return on equity of 19.10% and a net margin of 6.97%. The company had revenue of $9.77 billion during the quarter, compared to the consensus estimate of $9.86 billion. During the same period last year, the firm posted $1.01 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. research analysts forecast that Tyson Foods will post 6.6 earnings per share for the current year.


The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.76%. Tyson Foods’s dividend payout ratio (DPR) is 22.60%.

In other Tyson Foods news, insider Stephen R. Stouffer sold 15,489 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $74.22, for a total value of $1,149,593.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gaurdie E. Jr. Banister sold 7,800 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $75.56, for a total transaction of $589,368.00. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by insiders.


A number of hedge funds have recently made changes to their positions in the business. Ontario Teachers Pension Plan Board lifted its stake in Tyson Foods by 246.6% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 79,537 shares of the company’s stock worth $5,821,000 after purchasing an additional 56,588 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Tyson Foods by 22.5% in the 1st quarter. GSA Capital Partners LLP now owns 14,077 shares of the company’s stock worth $1,030,000 after purchasing an additional 2,585 shares in the last quarter. Stifel Financial Corp lifted its stake in Tyson Foods by 49.7% in the 1st quarter. Stifel Financial Corp now owns 22,142 shares of the company’s stock worth $1,629,000 after purchasing an additional 7,350 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Tyson Foods by 2.9% in the 1st quarter. Russell Investments Group Ltd. now owns 1,181,130 shares of the company’s stock worth $85,908,000 after purchasing an additional 33,332 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in Tyson Foods by 7.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 243,140 shares of the company’s stock worth $17,795,000 after purchasing an additional 16,109 shares in the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.


Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

Analyst Recommendations for Tyson Foods (NYSE:TSN)

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