Tyson Foods (NYSE:TSN) Price Target Raised to $100.00

Tyson Foods (NYSE:TSN) had its price objective boosted by Barclays from $85.00 to $100.00 in a research note published on Friday morning, The Fly reports. They currently have an overweight rating on the stock.

A number of other research analysts have also issued reports on the company. Stephens began coverage on Tyson Foods in a research report on Monday, March 4th. They set an overweight rating and a $62.26 price target for the company. ValuEngine upgraded Tyson Foods from a sell rating to a hold rating in a research report on Thursday, March 21st. Zacks Investment Research upgraded Tyson Foods from a hold rating to a buy rating and set a $78.00 price target for the company in a research report on Tuesday, April 9th. Credit Suisse Group boosted their price target on Tyson Foods from $66.00 to $74.00 and gave the stock a neutral rating in a research report on Wednesday, April 17th. Finally, Standpoint Research lowered Tyson Foods from a buy rating to a hold rating in a research report on Monday, April 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $79.10.

NYSE:TSN opened at $79.29 on Friday. Tyson Foods has a 12-month low of $49.77 and a 12-month high of $84.30. The company has a market cap of $28.94 billion, a P/E ratio of 12.87 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 1.38 and a debt-to-equity ratio of 0.80.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 6th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.08. Tyson Foods had a return on equity of 16.53% and a net margin of 5.05%. The business had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts expect that Tyson Foods will post 5.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.50 dividend on an annualized basis and a yield of 1.89%. Tyson Foods’s dividend payout ratio (DPR) is presently 24.35%.

In other news, insider Stephen R. Stouffer sold 12,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $83.02, for a total value of $996,240.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mary Oleksiuk sold 44,967 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $77.09, for a total value of $3,466,506.03. The disclosure for this sale can be found here. Insiders sold a total of 84,433 shares of company stock worth $6,680,525 in the last three months. Company insiders own 1.69% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of TSN. Zions Bancorporation N.A. bought a new stake in shares of Tyson Foods in the 1st quarter worth $25,000. PRW Wealth Management LLC bought a new stake in shares of Tyson Foods in the 4th quarter worth $29,000. Moody National Bank Trust Division bought a new stake in shares of Tyson Foods in the 1st quarter worth $31,000. Global Retirement Partners LLC raised its stake in shares of Tyson Foods by 100.0% in the 1st quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $35,000 after buying an additional 253 shares in the last quarter. Finally, Citizens Financial Group Inc RI bought a new stake in shares of Tyson Foods in the 4th quarter worth $37,000. 69.56% 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 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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