Tyson Foods (TSN) Receives “Buy” Rating from KeyCorp

KeyCorp restated their buy rating on shares of Tyson Foods (NYSE:TSN) in a report published on Thursday. KeyCorp currently has a $88.00 target price on the stock. KeyCorp also issued estimates for Tyson Foods’ FY2018 earnings at $5.85 EPS.

Other equities analysts have also recently issued research reports about the company. Argus raised Tyson Foods from a hold rating to a buy rating and set a $90.00 price target on the stock in a research note on Wednesday, November 15th. Jefferies Group lifted their price target on Tyson Foods from $75.00 to $82.00 and gave the stock a buy rating in a research note on Tuesday, October 3rd. Mizuho reissued a buy rating and issued a $76.00 price target on shares of Tyson Foods in a research note on Monday, October 2nd. ValuEngine upgraded Tyson Foods from a hold rating to a buy rating in a research report on Monday, November 20th. Finally, Morgan Stanley began coverage on Tyson Foods in a research report on Friday, November 3rd. They set an equal weight rating and a $76.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Tyson Foods currently has an average rating of Buy and a consensus price target of $74.08.

Tyson Foods (NYSE:TSN) opened at $80.62 on Thursday. The firm has a market capitalization of $29,440.00, a PE ratio of 16.83 and a beta of 0.36. Tyson Foods has a 12 month low of $57.20 and a 12 month high of $84.65. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.55 and a quick ratio of 0.75.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.05. The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.93 billion. Tyson Foods had a return on equity of 15.30% and a net margin of 3.89%. Tyson Foods’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. analysts expect that Tyson Foods will post 5.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 dividend on an annualized basis and a yield of 1.49%. Tyson Foods’s dividend payout ratio (DPR) is presently 25.05%.

In other news, General Counsel Bebber David L. Van sold 164,348 shares of Tyson Foods stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $83.26, for a total transaction of $13,683,614.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Rouse sold 1,000 shares of Tyson Foods stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $77.26, for a total value of $77,260.00. The disclosure for this sale can be found here. Insiders have sold a total of 372,767 shares of company stock valued at $30,712,662 over the last 90 days. Corporate insiders own 2.65% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Tyson Foods by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after acquiring an additional 900,009 shares in the last quarter. BlackRock Inc. raised its stake in shares of Tyson Foods by 0.7% in the 2nd quarter. BlackRock Inc. now owns 19,191,662 shares of the company’s stock valued at $1,201,973,000 after acquiring an additional 136,071 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Tyson Foods by 12.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock valued at $621,587,000 after acquiring an additional 980,069 shares in the last quarter. LSV Asset Management raised its stake in shares of Tyson Foods by 3.3% in the 2nd quarter. LSV Asset Management now owns 5,372,955 shares of the company’s stock valued at $336,508,000 after acquiring an additional 171,600 shares in the last quarter. Finally, Iridian Asset Management LLC CT raised its stake in shares of Tyson Foods by 64.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock valued at $340,488,000 after acquiring an additional 1,893,438 shares in the last quarter. Institutional investors and hedge funds own 71.33% of the company’s stock.

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About Tyson Foods

Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.

Analyst Recommendations for Tyson Foods (NYSE:TSN)

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