Tyson Foods (NYSE:TSN) Hits New 1-Year High at $91.43

Tyson Foods, Inc. (NYSE:TSN)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $91.43 and last traded at $91.19, with a volume of 156069 shares. The stock had previously closed at $89.79.

Several research analysts have weighed in on TSN shares. Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Tuesday, May 14th. Piper Jaffray Companies upped their price target on Tyson Foods from $72.00 to $84.00 and gave the stock a “positive” rating in a research note on Monday, May 6th. Mizuho upped their price target on Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Pivotal Research restated a “sell” rating and issued a $50.00 price target on shares of Tyson Foods in a research note on Monday, August 5th. Finally, Barclays upped their price target on Tyson Foods from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Tyson Foods has an average rating of “Buy” and an average target price of $82.86.

The company has a market capitalization of $31.90 billion, a P/E ratio of 14.79 and a beta of 0.50. The business has a 50-day moving average of $83.38 and a 200-day moving average of $74.86. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 5th. The company reported $1.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.47. The company had revenue of $10.89 billion during the quarter, compared to the consensus estimate of $10.95 billion. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. Tyson Foods’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. Sell-side analysts predict that Tyson Foods, Inc. will post 5.89 EPS for the current fiscal year.

In other Tyson Foods news, EVP Mary Oleksiuk sold 43,592 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total value of $3,600,699.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sally Grimes sold 57,774 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total value of $4,910,790.00. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in TSN. Geode Capital Management LLC increased its position in shares of Tyson Foods by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 4,527,942 shares of the company’s stock valued at $241,434,000 after buying an additional 278,988 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of Tyson Foods by 26.8% in the first quarter. Gulf International Bank UK Ltd now owns 5,591 shares of the company’s stock valued at $388,000 after buying an additional 1,180 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of Tyson Foods in the first quarter valued at approximately $265,000. Advisor Partners LLC increased its position in shares of Tyson Foods by 83.5% in the first quarter. Advisor Partners LLC now owns 10,517 shares of the company’s stock valued at $730,000 after buying an additional 4,786 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Tyson Foods in the first quarter valued at approximately $1,925,000. Institutional investors and hedge funds own 68.95% of the company’s stock.

About Tyson Foods (NYSE:TSN)

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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