Hsbc Global Res Upgrades Tyson Foods (NYSE:TSN) to "Hold"

Hsbc Global Res upgraded shares of Tyson Foods (NYSE:TSN - Free Report) from a moderate sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Bank of America lowered their target price on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. UBS Group started coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 target price on the stock. Stephens lifted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday. Finally, BMO Capital Markets lifted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research note on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Tyson Foods has an average rating of "Hold" and a consensus price target of $61.10.

Tyson Foods Stock Performance

Shares of Tyson Foods stock traded up $0.55 on Monday, hitting $57.97. 1,660,786 shares of the company's stock were exchanged, compared to its average volume of 2,324,631. The company has a 50-day simple moving average of $58.14 and a 200-day simple moving average of $60.23. The stock has a market capitalization of $20.65 billion, a PE ratio of 19.58, a PEG ratio of 0.72 and a beta of 0.80. Tyson Foods has a 1 year low of $51.16 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.11.

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 the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to analysts' expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company's revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. As a group, equities analysts anticipate that Tyson Foods will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's payout ratio is currently 67.57%.

Insider Transactions at Tyson Foods

In other news, Director Noel W. White sold 171,057 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.70, for a total value of $10,896,330.90. Following the sale, the director now directly owns 36,179 shares in the company, valued at $2,304,602.30. The trade was a 82.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the sale, the chairman now owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock worth $26,450,955 in the last three months. Insiders own 2.03% of the company's stock.

Hedge Funds Weigh In On Tyson Foods

Hedge funds have recently added to or reduced their stakes in the company. Riverview Trust Co grew its holdings in Tyson Foods by 3,423.1% during 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 during the last quarter. Catalyst Capital Advisors LLC grew its holdings in Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock valued at $35,000 after purchasing an additional 210 shares during 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 valued at $34,000 after purchasing an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods during the 3rd quarter valued at about $36,000. Finally, SRS Capital Advisors Inc. grew 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 valued at $36,000 after purchasing an additional 229 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Company Profile

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.