Tyson Foods, Inc. (TSN) PT Raised to $53.00
Tyson Foods, Inc. (NYSE:TSN) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $51.00 to $53.00 in a research note issued on Wednesday, StockTargetPrices.com reports. JPMorgan Chase & Co. s price objective suggests a potential upside of 0.95% from the company s previous close.
In other news, CFO Dennis Leatherby sold 110,966 shares of the company s stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $50.71, for a total transaction of $5,627,085.86. Following the transaction, the chief financial officer now owns 152,026 shares of the company s stock, valued at $7,709,238.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Noel W. White sold 39,227 shares of the company s stock in a transaction on Wednesday, November 25th. The shares were sold at an average price of $50.07, for a total value of $1,964,095.89. Following the transaction, the insider now directly owns 81,842 shares in the company, valued at approximately $4,097,828.94. The disclosure for this sale can be found here. A number of other analysts have also recently issued reports on the company. RBC Capital restated a buy rating on shares of Tyson Foods in a research report on Saturday, October 10th. Vetr upgraded Tyson Foods from a hold rating to a buy rating and set a $47.35 price target on the stock in a research report on Tuesday, October 6th. Zacks Investment Research upgraded Tyson Foods from a sell rating to a buy rating and set a $50.00 price target on the stock in a research report on Tuesday, October 6th. Stephens cut Tyson Foods from an overweight rating to an equal weight rating and upped their price target for the company from $50.00 to $53.00 in a research report on Monday, December 7th. Finally, Jefferies Group began coverage on Tyson Foods in a research report on Tuesday, December 15th. They issued a buy rating and a $61.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company s stock. The stock presently has a consensus rating of Buy and an average target price of $53.85. Tyson Foods (NYSE:TSN) traded down 0.10% on Wednesday, reaching $52.45. The company had a trading volume of 1,072,119 shares. The company has a market capitalization of $21.02 billion and a price-to-earnings ratio of 17.78. Tyson Foods has a 12 month low of $37.10 and a 12 month high of $54.42. The company s 50 day moving average price is $52.67 and its 200-day moving average price is $46.25.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, November 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts consensus estimates of $0.88 by $0.05. The firm earned $10.50 billion during the quarter, compared to analyst estimates of $10.23 billion. The company s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. On average, equities analysts predict that Tyson Foods will post $3.60 earnings per share for the current fiscal year. The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, February 26th. Other institutional investors have recently modified their holdings of the company. Beacon Capital Management purchased a new position in shares of Tyson Foods during the fourth quarter valued at about $0. Newman Dignan & Sheerar raised its position in shares of Tyson Foods by 0.4% in the fourth quarter. Newman Dignan & Sheerar now owns 13,380 shares of the company s stock valued at $714,000 after buying an additional 56 shares during the period. Tompkins Financial raised its position in shares of Tyson Foods by 1.1% in the fourth quarter. Tompkins Financial now owns 6,827 shares of the company s stock valued at $364,000 after buying an additional 71 shares during the period. Somerset Trust Co raised its position in shares of Tyson Foods by 0.3% in the fourth quarter. Somerset Trust Co now owns 36,431 shares of the company s stock valued at $1,943,000 after buying an additional 99 shares during the period. Finally, Carl Domino raised its position in shares of Tyson Foods by 1.9% in the fourth quarter. Carl Domino now owns 5,400 shares of the company s stock valued at $288,000 after buying an additional 100 shares during the period.
Tyson Foods, Inc., is a food production company. The Company s operations are conducted in five segments: Chicken, Beef, Pork, Prepared Foods and International. Chicken, includes domestic operations related of raising and processing live chickens into fresh, frozen and value-added chicken products, and sales of allied products. Beef, includes operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. Pork, includes operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Prepared Foods, includes operations related to manufacturing and marketing frozen and refrigerated food products and logistics operations of products through the supply chain. International, includes foreign operations related to raising and processing live chickens into fresh, frozen and value-added chicken products in across countries.
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