Tyson Foods (NYSE:TSN) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Tyson Foods (NYSE:TSN) from a hold rating to a buy rating in a research report report published on Saturday morning.

Several other brokerages have also recently weighed in on TSN. Barclays lifted their price target on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Stephens lifted their price target on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Sanford C. Bernstein reiterated a “market perform” rating and set a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. Piper Sandler reiterated an “overweight” rating and set a $80.00 price target on shares of Tyson Foods in a research report on Monday, May 4th. Finally, Mizuho started coverage on Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target for the company. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $68.27.

Tyson Foods Stock Up 0.7%

Shares of TSN stock opened at $68.44 on Friday. The stock has a 50 day moving average of $63.35 and a 200 day moving average of $60.08. The company has a current ratio of 1.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44. The stock has a market cap of $24.09 billion, a P/E ratio of 53.89, a P/E/G ratio of 1.40 and a beta of 0.40. Tyson Foods has a twelve month low of $50.56 and a twelve month high of $69.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.Tyson Foods’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. As a group, sell-side analysts expect that Tyson Foods will post 4.1 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is presently 160.63%.

Institutional Trading of Tyson Foods

Several large investors have recently made changes to their positions in TSN. Empowered Funds LLC increased its position in shares of Tyson Foods by 15.6% during the first quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock worth $1,792,000 after purchasing an additional 3,788 shares in the last quarter. Woodline Partners LP increased its position in shares of Tyson Foods by 40.8% during the first quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock worth $1,543,000 after purchasing an additional 7,011 shares in the last quarter. Focus Partners Wealth increased its position in shares of Tyson Foods by 84.0% during the first quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock worth $804,000 after purchasing an additional 5,749 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Tyson Foods by 100.3% during the second quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock worth $414,000 after purchasing an additional 3,702 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of Tyson Foods by 129.2% during the second quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock worth $4,807,000 after purchasing an additional 48,451 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.