Tyson Foods (NYSE:TSN) Upgraded at Barclays

Barclays upgraded shares of Tyson Foods (NYSE:TSN) from an underweight rating to an overweight rating in a research report report published on Tuesday morning, Marketbeat Ratings reports. The firm currently has $69.00 price objective on the stock, up from their previous price objective of $53.00.

A number of other equities analysts also recently commented on the stock. Piper Sandler upped their price objective on shares of Tyson Foods from $44.00 to $48.00 and gave the stock a neutral rating in a research report on Friday, January 26th. StockNews.com raised shares of Tyson Foods from a sell rating to a hold rating in a research note on Monday, January 22nd. JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $51.00 to $55.00 and gave the stock a neutral rating in a research note on Thursday, February 1st. Bank of America raised shares of Tyson Foods from an underperform rating to a neutral rating and raised their price target for the stock from $47.00 to $62.00 in a research note on Tuesday, February 6th. Finally, Citigroup raised their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a neutral rating in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods has an average rating of Hold and a consensus price target of $58.80.

Tyson Foods Stock Up 0.5 %

Shares of NYSE:TSN opened at $58.87 on Tuesday. The stock has a market cap of $20.98 billion, a P/E ratio of -23.83, a P/E/G ratio of 0.46 and a beta of 0.77. The firm has a fifty day moving average price of $55.97 and a 200 day moving average price of $52.37. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. Tyson Foods has a 1-year low of $44.94 and a 1-year high of $63.28.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. The firm had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. Tyson Foods’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. Sell-side analysts predict that Tyson Foods will post 2.33 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.33%. Tyson Foods’s dividend payout ratio is currently -79.35%.

Insider Activity

In other news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the sale, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.05% of the company’s stock.

Institutional Trading of Tyson Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in TSN. Pzena Investment Management LLC bought a new stake in shares of Tyson Foods in the third quarter worth $274,707,000. Price T Rowe Associates Inc. MD increased its stake in shares of Tyson Foods by 97.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock worth $561,869,000 after buying an additional 4,669,457 shares during the last quarter. Capital Research Global Investors boosted its holdings in Tyson Foods by 153.2% in the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after purchasing an additional 2,920,479 shares during the period. Vanguard Group Inc. boosted its holdings in Tyson Foods by 6.4% in the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after purchasing an additional 2,239,235 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Tyson Foods by 97.2% in the third quarter. Bank of New York Mellon Corp now owns 4,250,887 shares of the company’s stock worth $214,627,000 after purchasing an additional 2,095,597 shares during the period. Institutional investors own 67.00% of the company’s stock.

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.