Tyson Foods (NYSE:TSN) Upgraded by Barclays to Overweight

Barclays upgraded shares of Tyson Foods (NYSE:TSN - Free Report) from an underweight rating to an overweight rating in a research report report published on Tuesday morning, Marketbeat Ratings reports. Barclays currently has $69.00 price target on the stock, up from their prior price target of $53.00.

A number of other equities analysts have also commented on the company. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $51.00 to $55.00 and gave the stock a neutral rating in a research note on Thursday, February 1st. Stephens reiterated an overweight rating and issued a $70.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 6th. BMO Capital Markets lifted their price objective on Tyson Foods from $52.00 to $55.00 and gave the stock a market perform rating in a research note on Tuesday, February 6th. Piper Sandler boosted their price target on Tyson Foods from $44.00 to $48.00 and gave the company a neutral rating in a research note on Friday, January 26th. Finally, Bank of America upgraded Tyson Foods from an underperform rating to a neutral rating and boosted their price target for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of $59.80.

Tyson Foods Stock Up 0.1 %

NYSE TSN traded up $0.03 during trading on Tuesday, hitting $58.15. 2,149,786 shares of the company traded hands, compared to its average volume of 2,910,377. Tyson Foods has a 12 month low of $44.94 and a 12 month high of $63.28. The business has a fifty day simple moving average of $55.78 and a 200 day simple moving average of $52.28. 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 $20.72 billion, a P/E ratio of -23.54, a PEG ratio of 0.46 and a beta of 0.77.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.28. The business had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The firm's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. As a group, sell-side analysts predict that Tyson Foods will post 2.35 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, May 31st. Tyson Foods's payout ratio is -79.35%.

Insider Buying and Selling 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 $1,672,431.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.05% of the company's stock.

Institutional Investors Weigh In On Tyson Foods

A number of institutional investors have recently added to or reduced their stakes in TSN. Sugarloaf Wealth Management LLC boosted its holdings in shares of Tyson Foods by 74.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company's stock worth $30,000 after acquiring an additional 254 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company's stock worth $31,000 after acquiring an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company's stock worth $35,000 after acquiring an additional 208 shares in the last quarter. First Financial Corp IN acquired a new position in shares of Tyson Foods in the 1st quarter worth approximately $35,000. Finally, Lindbrook Capital LLC raised its position in Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company's stock worth $36,000 after purchasing an additional 540 shares during the last quarter. 67.00% of the stock is 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.