Tyson Foods (NYSE:TSN) Reaches New 52-Week High at $94.24

Tyson Foods, Inc. (NYSE:TSN)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $94.24 and last traded at $93.82, with a volume of 1056246 shares trading hands. The stock had previously closed at $91.92.

A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Tyson Foods from a “hold” rating to a “sell” rating and set a $93.00 price objective on the stock. in a research note on Thursday, November 14th. JPMorgan Chase & Co. restated a “hold” rating and issued a $89.00 target price (up from $83.00) on shares of Tyson Foods in a research report on Wednesday, December 4th. BMO Capital Markets upped their target price on Tyson Foods from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. ValuEngine lowered Tyson Foods from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. Finally, Bank of America initiated coverage on Tyson Foods in a research report on Friday, October 25th. They set a “buy” rating and a $97.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Tyson Foods has a consensus rating of “Hold” and an average price target of $88.83.

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.56 and a current ratio of 1.30. The company’s 50 day moving average price is $89.71 and its 200-day moving average price is $85.72. The company has a market cap of $33.57 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.19 and a beta of 0.43.

Tyson Foods (NYSE:TSN) last released its earnings results on Tuesday, November 12th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). The business had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.93 billion. Tyson Foods had a net margin of 4.77% and a return on equity of 14.53%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 earnings per share. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 6.75 earnings per share for the current year.

In other Tyson Foods news, EVP Mary Oleksiuk sold 28,382 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $92.22, for a total transaction of $2,617,388.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stephen R. Stouffer sold 15,723 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $90.16, for a total transaction of $1,417,585.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,145 shares of company stock worth $4,038,543. 1.68% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TSN. Advisors Capital Management LLC boosted its stake in Tyson Foods by 0.3% in the 4th quarter. Advisors Capital Management LLC now owns 46,113 shares of the company’s stock worth $4,198,000 after purchasing an additional 145 shares during the period. Manning & Napier Group LLC raised its stake in Tyson Foods by 3.9% during the 4th quarter. Manning & Napier Group LLC now owns 102,534 shares of the company’s stock valued at $9,333,000 after purchasing an additional 3,880 shares during the period. Scout Investments Inc. raised its stake in Tyson Foods by 9.5% during the 4th quarter. Scout Investments Inc. now owns 335,094 shares of the company’s stock valued at $30,507,000 after purchasing an additional 28,991 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Tyson Foods by 19.1% in the fourth quarter. State of Alaska Department of Revenue now owns 178,067 shares of the company’s stock valued at $16,210,000 after purchasing an additional 28,563 shares in the last quarter. Finally, Park National Corp OH lifted its holdings in shares of Tyson Foods by 14.2% in the fourth quarter. Park National Corp OH now owns 48,616 shares of the company’s stock valued at $4,426,000 after purchasing an additional 6,056 shares in the last quarter. Institutional investors own 68.82% of the company’s stock.

About Tyson Foods (NYSE:TSN)

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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