Tyson Foods (NYSE:TSN) Sets New 1-Year High at $62.04

Shares of Tyson Foods, Inc. (NYSE:TSN) hit a new 52-week high on Friday . The stock traded as high as $62.04 and last traded at $61.98, with a volume of 3876528 shares changing hands. The stock had previously closed at $60.95.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSN. Stephens reissued an “overweight” rating and set a $70.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 6th. StockNews.com upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. BMO Capital Markets raised their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 6th. Piper Sandler boosted their price target on shares of Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Finally, Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $53.00 to $69.00 in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $58.80.

Tyson Foods Stock Performance

The stock has a market capitalization of $22.09 billion, a PE ratio of -25.11, a PEG ratio of 0.48 and a beta of 0.74. The business has a 50 day moving average price of $57.55 and a 200 day moving average price of $53.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $13.34 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities research analysts expect that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.16%. Tyson Foods’s payout ratio is -79.35%.

Insider Transactions at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the sale, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Ridgewood Investments LLC boosted its position in Tyson Foods by 0.8% in the 1st quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock valued at $1,512,000 after buying an additional 199 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Tyson Foods by 47.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Tyson Foods by 42.0% during the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after purchasing an additional 214 shares during the period. Spire Wealth Management lifted its holdings in shares of Tyson Foods by 21.7% in the 4th quarter. Spire Wealth Management now owns 1,340 shares of the company’s stock worth $71,000 after buying an additional 239 shares during the period. Finally, Allworth Financial LP grew its position in shares of Tyson Foods by 26.1% during the 4th quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock worth $64,000 after buying an additional 245 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

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.