Tyson Foods (NYSE:TSN) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Tyson Foods (NYSE:TSN) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, ValuEngine reports.

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.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 5th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.47. Tyson Foods had a return on equity of 16.53% and a net margin of 5.05%. The firm had revenue of $10.89 billion for the quarter, compared to analyst estimates of $10.95 billion. During the same quarter last year, the firm posted $1.50 EPS. The business’s revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts forecast that Tyson Foods will post 5.97 earnings per share for the current fiscal year.

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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