Tyson Foods, Inc. (NYSE:TSN) Receives Average Rating of “Hold” from Analysts

Shares of Tyson Foods, Inc. (NYSE:TSN) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $68.2727.

A number of research firms recently issued reports on TSN. Stephens raised their price target on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price target on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Wall Street Zen upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Tyson Foods in a report on Monday, May 4th.

Institutional Trading of Tyson Foods

A number of hedge funds have recently added to or reduced their stakes in TSN. NewEdge Advisors LLC grew its stake in shares of Tyson Foods by 7.5% in the 1st quarter. NewEdge Advisors LLC now owns 7,216 shares of the company’s stock valued at $462,000 after purchasing an additional 505 shares during the last quarter. Alpine Woods Capital Investors LLC purchased a new position in shares of Tyson Foods in the 1st quarter valued at approximately $1,630,000. Groupama Asset Managment grew its stake in shares of Tyson Foods by 1.3% in the 1st quarter. Groupama Asset Managment now owns 12,562 shares of the company’s stock valued at $805,000 after purchasing an additional 159 shares during the last quarter. Royal Fund Management LLC grew its stake in shares of Tyson Foods by 2.6% in the 1st quarter. Royal Fund Management LLC now owns 63,064 shares of the company’s stock valued at $4,042,000 after purchasing an additional 1,570 shares during the last quarter. Finally, Ariadne Wealth Management LP purchased a new position in shares of Tyson Foods in the 1st quarter valued at approximately $202,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $58.82 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. Tyson Foods has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The firm has a market capitalization of $20.71 billion, a PE ratio of 46.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.38. The stock’s 50-day simple moving average is $64.42 and its 200-day simple moving average is $61.72.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. As a group, equities research analysts forecast that Tyson Foods will post 4.14 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is presently 160.63%.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.