Tyson Foods (NYSE:TSN) Given New $51.00 Price Target at HSBC

Tyson Foods (NYSE:TSN) had its target price hoisted by HSBC from $48.00 to $51.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has a reduce rating on the stock.

Several other equities analysts also recently commented on the company. Citigroup upped their price objective on Tyson Foods from $57.00 to $62.00 and gave the company a neutral rating in a research note on Wednesday, April 3rd. StockNews.com raised shares of Tyson Foods from a sell rating to a hold rating in a research report on Monday, January 22nd. The Goldman Sachs Group lifted their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the company a neutral rating in a research note on Wednesday, April 17th. Barclays upgraded Tyson Foods from an underweight rating to an overweight rating and increased their target price for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. Finally, Bank of America upgraded Tyson Foods from an underperform rating to a neutral rating and boosted their price objective for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $60.60.

Tyson Foods Trading Up 0.7 %

NYSE:TSN opened at $58.89 on Tuesday. 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 one year low of $44.94 and a one year high of $62.04. The company has a market cap of $20.99 billion, a PE ratio of -23.84, a PEG ratio of 0.49 and a beta of 0.74. The firm has a 50-day moving average of $57.89 and a 200-day moving average of $53.62.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. The firm had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. As a group, equities research analysts expect that Tyson Foods will post 2.33 EPS for the current fiscal year.

Tyson Foods Announces Dividend

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

Insider Activity at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the sale, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.05% of the stock is owned by corporate insiders.

Institutional Trading of Tyson Foods

Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Tyson Foods by 7.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock worth $6,293,000 after acquiring an additional 7,921 shares in the last quarter. Check Capital Management Inc. CA purchased a new stake in shares of Tyson Foods in the 3rd quarter worth approximately $204,000. SG Americas Securities LLC raised its stake in Tyson Foods by 157.1% during the fourth quarter. SG Americas Securities LLC now owns 47,188 shares of the company’s stock valued at $2,536,000 after buying an additional 28,833 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in Tyson Foods by 11.1% in the third quarter. Rafferty Asset Management LLC now owns 21,273 shares of the company’s stock worth $1,074,000 after acquiring an additional 2,129 shares in the last quarter. Finally, Markel Group Inc. grew its stake in shares of Tyson Foods by 28.3% in the third quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock worth $29,158,000 after acquiring an additional 127,500 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other 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.