Tyson Foods (NYSE:TSN) Hits New 52-Week High at $65.73

Tyson Foods, Inc. (NYSE:TSN) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $65.73 and last traded at $65.73, with a volume of 594060 shares traded. The stock had previously closed at $64.81.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TSN shares. BMO Capital Markets boosted their price target on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Piper Sandler raised their price objective on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. HSBC lifted their price target on Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research note on Tuesday, May 7th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Barclays boosted their target price on Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $61.00.

Tyson Foods Trading Up 1.2 %

The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The firm has a market cap of $23.35 billion, a price-to-earnings ratio of -36.41, a price-to-earnings-growth ratio of 0.45 and a beta of 0.78. The company has a 50 day moving average of $60.44 and a 200 day moving average of $58.55.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. The company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. As a group, research analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.

Hedge Funds Weigh In On Tyson Foods

Hedge funds and other institutional investors have recently modified their holdings of the business. Retirement Systems of Alabama lifted its stake in shares of Tyson Foods by 0.5% in the 1st quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock valued at $3,712,000 after acquiring an additional 337 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in Tyson Foods by 8.2% in the fourth quarter. Pzena Investment Management LLC now owns 5,887,724 shares of the company’s stock worth $316,465,000 after purchasing an additional 446,904 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Tyson Foods by 100.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock worth $606,000 after acquiring an additional 5,175 shares during the period. Cetera Advisors LLC raised its position in shares of Tyson Foods by 149.2% during the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after purchasing an additional 11,425 shares during the period. Finally, Eisler Capital UK Ltd. purchased a new position in Tyson Foods during the fourth quarter valued at $1,399,000. Hedge funds and other 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.