Tyson Foods (NYSE:TSN) Lowered to Market Perform Rating by Sanford C. Bernstein

Sanford C. Bernstein lowered shares of Tyson Foods (NYSE:TSN - Free Report) from an outperform rating to a market perform rating in a research report released on Wednesday, MarketBeat.com reports. The firm currently has $59.00 price objective on the stock, down from their prior price objective of $74.00.

A number of other equities analysts also recently weighed in on TSN. Citigroup lifted their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Stephens reduced their target price on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group began coverage on Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $62.70.

Tyson Foods Price Performance

NYSE TSN traded down $0.37 during trading on Wednesday, hitting $54.02. 1,694,834 shares of the company's stock were exchanged, compared to its average volume of 2,705,556. The stock's 50 day moving average price is $55.28 and its two-hundred day moving average price is $57.67. Tyson Foods has a fifty-two week low of $52.71 and a fifty-two week high of $66.88. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The company has a market cap of $19.24 billion, a PE ratio of 21.02, a P/E/G ratio of 0.74 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The company's quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. Research analysts expect that Tyson Foods will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.70%. Tyson Foods's payout ratio is presently 77.82%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TSN. Park Square Financial Group LLC purchased a new stake in Tyson Foods in the fourth quarter worth $25,000. Curat Global LLC bought a new position in Tyson Foods in the 1st quarter worth $28,000. Zions Bancorporation National Association UT purchased a new stake in shares of Tyson Foods in the 1st quarter worth about $28,000. Matrix Trust Co boosted its stake in shares of Tyson Foods by 28,200.0% during the 2nd quarter. Matrix Trust Co now owns 566 shares of the company's stock valued at $32,000 after purchasing an additional 564 shares in the last quarter. Finally, Ossiam increased its position in shares of Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after buying an additional 184 shares during the period. Institutional investors own 67.00% 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 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.