Tyson Foods, Inc. (NYSE:TSN - Get Free Report)'s share price traded up 2.6% during mid-day trading on Monday . The company traded as high as $63.80 and last traded at $64.01. 385,538 shares changed hands during trading, a decline of 83% from the average session volume of 2,296,268 shares. The stock had previously closed at $62.37.
Analyst Ratings Changes
A number of research firms have weighed in on TSN. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 target price on the stock. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a research report on Tuesday, February 4th. Stephens boosted their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Barclays cut their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Finally, Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods has an average rating of "Hold" and an average target price of $61.10.
View Our Latest Stock Report on Tyson Foods
Tyson Foods Stock Performance
The stock has a market cap of $22.58 billion, a PE ratio of 21.41, a PEG ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The firm has a 50 day moving average of $59.55 and a two-hundred day moving average of $59.64.
Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. During the same quarter in the prior year, the business earned $0.69 EPS. Tyson Foods's quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.
Tyson Foods Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.15%. Tyson Foods's dividend payout ratio (DPR) is 67.57%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in TSN. Park Square Financial Group LLC acquired a new stake in Tyson Foods during the 4th quarter worth approximately $25,000. Riverview Trust Co raised its position in shares of Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after purchasing an additional 445 shares in the last quarter. Brooklyn Investment Group grew its holdings in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after acquiring an additional 570 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after buying an additional 229 shares during the last quarter. Finally, Ossiam lifted its stake in Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after purchasing an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.
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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