Tyson Foods (NYSE:TSN) Upgraded at HSBC

HSBC upgraded shares of Tyson Foods (NYSE:TSN) from a reduce rating to a hold rating in a research report released on Monday morning, MarketBeat reports.

TSN has been the subject of several other reports. UBS Group started coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. Citigroup reduced their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Piper Sandler raised their target price on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Barclays cut their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Finally, Stephens lifted their price target on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Stock Performance

TSN stock opened at $57.07 on Monday. The stock has a 50-day moving average price of $58.56 and a 200-day moving average price of $60.28. Tyson Foods has a 1-year low of $51.16 and a 1-year high of $66.88. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The firm has a market cap of $20.31 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a return on equity of 6.03% and a net margin of 1.50%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.69 EPS. As a group, equities research analysts expect that Tyson Foods will post 3.52 earnings per share for the current year.

Tyson Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Friday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.49. Tyson Foods’s payout ratio is presently 88.89%.

Insider Transactions at Tyson Foods

In related news, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the sale, the chairman now owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the sale, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. This trade represents a 58.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 in the last 90 days. Insiders own 2.03% of the company’s stock.

Institutional Investors Weigh In On Tyson Foods

A number of hedge funds have recently modified their holdings of the stock. Crossmark Global Holdings Inc. raised its holdings in shares of Tyson Foods by 0.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock worth $1,160,000 after purchasing an additional 172 shares during the period. Signaturefd LLC raised its holdings in shares of Tyson Foods by 6.9% in the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock worth $162,000 after purchasing an additional 175 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Tyson Foods by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock valued at $643,000 after acquiring an additional 184 shares during the period. PNC Financial Services Group Inc. raised its holdings in Tyson Foods by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock valued at $2,908,000 after acquiring an additional 189 shares during the period. Finally, Naples Global Advisors LLC raised its holdings in Tyson Foods by 1.0% during the 4th quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock valued at $1,137,000 after acquiring an additional 202 shares during the period. Institutional investors own 67.00% of the company’s stock.

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.