Somewhat Positive News Coverage Somewhat Unlikely to Affect Tyson Foods (NYSE:TSN) Share Price
Media coverage about Tyson Foods (NYSE:TSN) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tyson Foods earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.9626816855774 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern’s scoring:
- Tyson Seeks to Boost Food Brands as It Hunts for Acquisitions (finance.yahoo.com)
- Tyson Foods (TSN) Scheduled to Post Earnings on Monday (americanbankingnews.com)
- Tyson Foods, Inc. (TSN) Shares Bought by CENTRAL TRUST Co – Newburgh Gazette (newburghgazette.com)
- Tyson Foods, Inc. (TSN) Took Active Place in Institutional Ownership: NCR Corporation (NCR) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Technical news From Tyson Foods, Inc. (TSN) – Wall Street Morning (wallstreetmorning.com)
A number of equities research analysts have recently issued reports on TSN shares. Credit Suisse Group reaffirmed a “neutral” rating and issued a $75.00 target price (up from $70.00) on shares of Tyson Foods in a report on Sunday, October 1st. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 6th. KeyCorp reiterated a “buy” rating and issued a $88.00 price target on shares of Tyson Foods in a research note on Thursday, December 21st. Jefferies Group upped their price target on shares of Tyson Foods from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Finally, Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, November 15th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $75.67.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, November 13th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.93 billion. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted $0.96 earnings per share. research analysts anticipate that Tyson Foods will post 5.82 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.30 per share. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, February 28th. Tyson Foods’s dividend payout ratio (DPR) is currently 25.05%.
In related news, insider Thomas P. Hayes sold 53,874 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $81.63, for a total transaction of $4,397,734.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Dennis Leatherby sold 115,293 shares of Tyson Foods stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $82.09, for a total transaction of $9,464,402.37. The disclosure for this sale can be found here. Insiders have sold 397,342 shares of company stock valued at $32,702,254 over the last quarter. Corporate insiders own 1.55% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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