Tyson Foods (NYSE:TSN) Upgraded at Hsbc Global Res

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

Several other research analysts have also issued reports on TSN. Barclays decreased their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a research report on Tuesday. BMO Capital Markets increased their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Citigroup cut their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, UBS Group started coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Trading Up 0.1 %

NYSE:TSN opened at $57.07 on Monday. The company has a fifty day moving average of $58.56 and a 200 day moving average of $60.28. Tyson Foods has a 52 week low of $51.16 and a 52 week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $20.31 billion, a P/E ratio of 25.37, a P/E/G ratio of 0.85 and a beta of 0.80.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.50% and a return on equity of 6.03%. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same period in the prior year, the business earned $0.69 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts predict that Tyson Foods will post 3.52 earnings per share for the current year.

Tyson Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 3.50%. Tyson Foods’s payout ratio is currently 88.89%.

Insider Transactions at Tyson Foods

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the sale, the general counsel now owns 19,260 shares in the company, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction on 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 directly owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 414,814 shares of company stock worth $26,450,955. Insiders own 2.03% of the company’s stock.

Institutional Investors Weigh In On Tyson Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in shares of Tyson Foods during the second quarter worth about $1,284,000. Czech National Bank lifted its position in Tyson Foods by 6.8% during the 3rd quarter. Czech National Bank now owns 58,224 shares of the company’s stock worth $3,468,000 after acquiring an additional 3,717 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Tyson Foods by 24.8% in the third quarter. GAMMA Investing LLC now owns 6,596 shares of the company’s stock valued at $393,000 after acquiring an additional 1,311 shares in the last quarter. Mather Group LLC. raised its position in Tyson Foods by 46.5% in the third quarter. Mather Group LLC. now owns 2,300 shares of the company’s stock worth $137,000 after acquiring an additional 730 shares in the last quarter. Finally, Sage Capital Advisors llc boosted its stake in shares of Tyson Foods by 0.9% during the 3rd quarter. Sage Capital Advisors llc now owns 102,626 shares of the company’s stock worth $6,112,000 after acquiring an additional 917 shares in the last quarter. Hedge funds and other 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.