Piper Jaffray Companies Reiterates “$92.00” Price Target for Tyson Foods (TSN)
Several other analysts also recently weighed in on TSN. Jefferies Group set a $85.00 target price on Tyson Foods and gave the company a buy rating in a research note on Monday, October 30th. KeyCorp began coverage on Tyson Foods in a research note on Tuesday, October 31st. They issued an overweight rating and a $82.00 price target for the company. Morgan Stanley began coverage on Tyson Foods in a research note on Friday, November 3rd. They issued an equal weight rating and a $76.00 price target for the company. Pivotal Research upgraded Tyson Foods from a sell rating to a hold rating and set a $75.00 price target for the company in a research note on Monday, November 13th. Finally, BMO Capital Markets lifted their price target on Tyson Foods to $89.00 and gave the stock an outperform rating in a research note on Tuesday, November 14th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $76.31.
Shares of Tyson Foods (NYSE TSN) opened at $74.53 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.51. The firm has a market capitalization of $27,380.00, a PE ratio of 9.73 and a beta of 0.17. Tyson Foods has a 52 week low of $57.20 and a 52 week high of $84.65.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.61%. Tyson Foods’s dividend payout ratio (DPR) is 15.67%.
In other Tyson Foods news, General Counsel Bebber David L. Van sold 164,348 shares of Tyson Foods stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $83.26, for a total value of $13,683,614.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey K. Schomburger bought 2,700 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was bought at an average price of $74.83 per share, with a total value of $202,041.00. The disclosure for this purchase can be found here. Insiders sold 397,342 shares of company stock valued at $32,702,254 over the last quarter. Insiders own 1.55% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Cerebellum GP LLC acquired a new position in Tyson Foods in the fourth quarter valued at approximately $124,000. Stevens First Principles Investment Advisors acquired a new position in Tyson Foods in the third quarter valued at approximately $141,000. Horan Capital Advisors LLC. acquired a new position in Tyson Foods in the third quarter valued at approximately $155,000. Kornitzer Capital Management Inc. KS acquired a new position in Tyson Foods in the fourth quarter valued at approximately $212,000. Finally, Cornerstone Wealth Management LLC acquired a new position in Tyson Foods in the fourth quarter valued at approximately $219,000. Institutional investors own 70.80% of the company’s stock.
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Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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