Tyson Foods (NYSE:TSN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “Tyson Foods boasts a robust bottom-line performance, which have surpassed estimates in the trailing six quarters. During the fourth quarter of fiscal 2018, lower tax rates supported bottom-line performance. The quarter also witnessed improved sales in the Chicken and Beef categories. Further, the company focuses on strategic acquisitions to strengthen portfolio. The company’s Financial Fitness Plan has also been yielding well. However, Tyson Foods, whose shares underperformed the industry in the past three months, witnessed lower sales volumes in the Pork and Prepared Foods categories during the fourth quarter. While the Pork category was negatively impacted by adverse demand-supply conditions, the Prepared Foods category was hurt by divestitures. Further, the company has been facing volatility in domestic and export prices of chicken and pork. To top it, management provided a dismal earnings projection for fiscal 2019.”

Other analysts have also issued reports about the company. Mizuho set a $82.00 target price on Tyson Foods and gave the stock a “buy” rating in a report on Monday, September 17th. Jefferies Financial Group reissued a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a report on Monday, September 17th. Standpoint Research started coverage on Tyson Foods in a report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 target price on the stock. Piper Jaffray Companies set a $72.00 target price on Tyson Foods and gave the stock a “buy” rating in a report on Monday, November 26th. Finally, Vertical Group raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $70.43.

TSN opened at $57.83 on Monday. The firm has a market cap of $20.65 billion, a PE ratio of 9.39, a P/E/G ratio of 0.87 and a beta of 0.26. Tyson Foods has a 52-week low of $49.77 and a 52-week high of $81.51. The company has a current ratio of 1.13, a quick ratio of 0.43 and a debt-to-equity ratio of 0.62.

Tyson Foods (NYSE:TSN) last released its earnings results on Tuesday, November 13th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.25. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.30 billion. Tyson Foods had a return on equity of 18.39% and a net margin of 7.55%. Tyson Foods’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. Equities analysts forecast that Tyson Foods will post 5.92 earnings per share for the current year.

In other Tyson Foods news, Director Gaurdie E. Jr. Banister acquired 6,897 shares of Tyson Foods stock in a transaction that occurred on Thursday, December 6th. The shares were acquired at an average cost of $58.01 per share, with a total value of $400,094.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Thurber sold 500 shares of the firm’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $54.45, for a total value of $27,225.00. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Cerebellum GP LLC bought a new position in Tyson Foods in the third quarter valued at about $170,000. Trilogy Capital Inc. bought a new position in shares of Tyson Foods during the second quarter worth about $198,000. Exane Asset Management bought a new position in shares of Tyson Foods during the third quarter worth about $201,000. BKS Advisors LLC raised its position in shares of Tyson Foods by 28.3% during the third quarter. BKS Advisors LLC now owns 3,786 shares of the company’s stock worth $225,000 after acquiring an additional 836 shares during the last quarter. Finally, Sawtooth Solutions LLC bought a new position in shares of Tyson Foods during the third quarter worth about $232,000. Hedge funds and other institutional investors own 68.42% 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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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