Other research analysts have also issued research reports about the company. Piper Jaffray Companies increased their target price on Tyson Foods from $72.00 to $84.00 and gave the company a positive rating in a research report on Monday, May 6th. Credit Suisse Group set a $96.00 target price on Tyson Foods and gave the company a buy rating in a research report on Thursday, June 13th. Barclays increased their target price on Tyson Foods from $85.00 to $100.00 and gave the company an overweight rating in a research report on Friday, June 21st. Zacks Investment Research upgraded Tyson Foods from a hold rating to a buy rating and set a $86.00 target price on the stock in a research report on Wednesday, May 8th. Finally, Pivotal Research increased their target price on Tyson Foods from $40.00 to $50.00 and gave the company a sell rating in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Tyson Foods presently has an average rating of Buy and a consensus price target of $79.10.
Shares of NYSE:TSN traded up $6.91 during midday trading on Thursday, reaching $86.67. 184,771 shares of the company’s stock traded hands, compared to its average volume of 2,069,012. Tyson Foods has a 1 year low of $49.77 and a 1 year high of $84.30. The stock has a market cap of $29.11 billion, a P/E ratio of 14.08 and a beta of 0.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 1.38. The company has a fifty day simple moving average of $80.92.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Thursday, August 29th. Tyson Foods’s payout ratio is 24.35%.
In related news, insider Chad Roderick Martin sold 6,300 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $77.24, for a total transaction of $486,612.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen R. Stouffer sold 12,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $83.02, for a total value of $996,240.00. The disclosure for this sale can be found here. Insiders have sold a total of 84,433 shares of company stock valued at $6,680,525 over the last three months. Corporate insiders own 1.69% of the company’s stock.
Several large investors have recently modified their holdings of TSN. Zions Bancorporation N.A. acquired a new position in Tyson Foods in the 1st quarter valued at about $25,000. Moody National Bank Trust Division acquired a new position in Tyson Foods in the 1st quarter valued at about $31,000. Valeo Financial Advisors LLC acquired a new position in Tyson Foods in the 2nd quarter valued at about $32,000. West Oak Capital LLC acquired a new position in Tyson Foods in the 2nd quarter valued at about $34,000. Finally, Global Retirement Partners LLC grew its position in Tyson Foods by 100.0% in the 1st quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $35,000 after acquiring an additional 253 shares in the last quarter. 69.72% of the stock is owned by hedge funds and other institutional investors.
About Tyson Foods
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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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