Tyson Foods (TSN) Upgraded at Vertical Group

Vertical Group upgraded shares of Tyson Foods (NYSE:TSN) from a hold rating to a buy rating in a report issued on Thursday morning, The Fly reports.

TSN has been the topic of several other reports. Pivotal Research reaffirmed a sell rating and issued a $40.00 price target on shares of Tyson Foods in a report on Tuesday, November 13th. Zacks Investment Research raised shares of Tyson Foods from a strong sell rating to a hold rating in a report on Monday, October 1st. Jefferies Financial Group reissued a buy rating and set a $75.00 price objective on shares of Tyson Foods in a report on Monday, September 17th. Mizuho reissued a buy rating and set a $78.00 price objective on shares of Tyson Foods in a report on Wednesday, November 14th. Finally, ValuEngine lowered shares of Tyson Foods from a sell rating to a strong sell rating in a report on Thursday, September 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $70.43.

NYSE TSN traded up $0.27 on Thursday, hitting $57.83. The stock had a trading volume of 1,295,295 shares, compared to its average volume of 3,088,674. The company has a current ratio of 1.13, a quick ratio of 0.43 and a debt-to-equity ratio of 0.62. Tyson Foods has a 52-week low of $49.77 and a 52-week high of $81.51. The firm has a market capitalization of $20.65 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.87 and a beta of 0.26.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Tuesday, November 13th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.25. Tyson Foods had a net margin of 7.55% and a return on equity of 18.39%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Tyson Foods will post 5.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.30. This represents a $1.50 dividend on an annualized basis and a yield of 2.59%. Tyson Foods’s payout ratio is currently 24.35%.

In other news, Director Gaurdie E. Jr. Banister acquired 6,897 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was acquired at an average price of $58.01 per share, for a total transaction of $400,094.97. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert C. Thurber sold 500 shares of the company’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $54.45, for a total transaction of $27,225.00. The disclosure for this sale can be found here. Insiders own 1.69% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in Tyson Foods by 0.3% during the 3rd quarter. BlackRock Inc. now owns 20,346,281 shares of the company’s stock valued at $1,211,212,000 after acquiring an additional 57,192 shares in the last quarter. Northern Trust Corp grew its stake in Tyson Foods by 13.1% during the 2nd quarter. Northern Trust Corp now owns 6,239,551 shares of the company’s stock valued at $429,594,000 after acquiring an additional 722,092 shares in the last quarter. FMR LLC grew its stake in Tyson Foods by 12.1% during the 2nd quarter. FMR LLC now owns 3,990,894 shares of the company’s stock valued at $274,773,000 after acquiring an additional 430,422 shares in the last quarter. Prudential Financial Inc. grew its stake in Tyson Foods by 19.1% during the 3rd quarter. Prudential Financial Inc. now owns 2,149,887 shares of the company’s stock valued at $127,983,000 after acquiring an additional 345,362 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Tyson Foods by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,936,309 shares of the company’s stock valued at $115,268,000 after acquiring an additional 55,492 shares in the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

About Tyson Foods

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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The Fly

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