Tyson Foods (NYSE:TSN) Raised to Hold at Hsbc Global Res

Hsbc Global Res upgraded shares of Tyson Foods (NYSE:TSN) from a moderate sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Other analysts also recently issued reports about the stock. Stephens increased their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday. UBS Group started coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target on the stock. Bank of America lowered their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday. Finally, Barclays decreased their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Down 1.2 %

NYSE:TSN opened at $57.03 on Monday. The firm has a market capitalization of $20.29 billion, a P/E ratio of 25.34, a PEG ratio of 0.85 and a beta of 0.80. Tyson Foods has a 1-year low of $51.16 and a 1-year high of $66.88. The company’s fifty day moving average price is $58.70 and its 200-day moving average price is $60.30. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.50% and a return on equity of 6.03%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 earnings per share. As a group, equities research analysts anticipate that Tyson Foods will post 3.52 EPS 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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.51%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, February 28th. Tyson Foods’s dividend payout ratio is 88.89%.

Insider Activity

In related news, Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the sale, the chairman now directly owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Wes Morris sold 22,783 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock worth $26,450,955 over the last three months. Insiders own 2.03% of the company’s stock.

Institutional Investors Weigh In On Tyson Foods

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Illinois Municipal Retirement Fund increased its position in shares of Tyson Foods by 34.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 195,518 shares of the company’s stock valued at $11,231,000 after acquiring an additional 50,199 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Tyson Foods during the fourth quarter valued at about $1,502,000. Bank of New York Mellon Corp increased its position in shares of Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after acquiring an additional 427,582 shares during the last quarter. Fisher Funds Management LTD acquired a new stake in shares of Tyson Foods during the fourth quarter valued at about $3,408,000. Finally, Allianz Asset Management GmbH increased its position in shares of Tyson Foods by 37.8% during the fourth quarter. Allianz Asset Management GmbH now owns 724,900 shares of the company’s stock valued at $41,638,000 after acquiring an additional 198,824 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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.