Tyson Foods (NYSE:TSN) PT Raised to $51.00 at HSBC

Tyson Foods (NYSE:TSN - Free Report) had its price objective upped by HSBC from $48.00 to $51.00 in a research note released on Tuesday, Benzinga reports. The brokerage currently has a reduce rating on the stock.

TSN has been the topic of several other reports. Piper Sandler increased their target price on shares of Tyson Foods from $55.00 to $57.00 and gave the stock a neutral rating in a research report on Tuesday. Stephens restated an overweight rating and issued a $70.00 target price on shares of Tyson Foods in a report on Tuesday, February 6th. Bank of America upgraded Tyson Foods from an underperform rating to a neutral rating and increased their price target for the company from $47.00 to $62.00 in a report on Tuesday, February 6th. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $55.00 to $58.00 and gave the stock a market perform rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised their target price 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $60.60.

Tyson Foods Stock Up 0.7 %

NYSE TSN traded up $0.39 on Tuesday, reaching $58.89. The stock had a trading volume of 3,502,995 shares, compared to its average volume of 2,877,537. Tyson Foods has a 1 year low of $44.94 and a 1 year high of $62.04. The business has a 50 day moving average price of $57.80 and a 200 day moving average price of $53.53. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $20.99 billion, a price-to-earnings ratio of -23.74, a P/E/G ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $13.16 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The firm's revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) earnings per share. On average, analysts forecast that Tyson Foods will post 2.33 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods's dividend payout ratio (DPR) is presently -79.35%.

Insider Buying and Selling at Tyson Foods

In other 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 owns 31,115 shares of the company's stock, valued at approximately $1,672,431.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.05% of the company's stock.

Institutional Trading of Tyson Foods

Several institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its position in shares of Tyson Foods by 1.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 64,789 shares of the company's stock worth $3,271,000 after purchasing an additional 1,068 shares in the last quarter. Raymond James & Associates grew its position in Tyson Foods by 2.6% during the 3rd quarter. Raymond James & Associates now owns 183,668 shares of the company's stock worth $9,273,000 after acquiring an additional 4,618 shares during the last quarter. Lindbrook Capital LLC increased its holdings in Tyson Foods by 306.8% during the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company's stock valued at $36,000 after purchasing an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Tyson Foods by 4.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 109,160 shares of the company's stock valued at $5,511,000 after purchasing an additional 4,382 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in Tyson Foods by 3.2% in the third quarter. IFM Investors Pty Ltd now owns 56,511 shares of the company's stock worth $2,853,000 after purchasing an additional 1,755 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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.