Analysts Set Tyson Foods, Inc. (NYSE:TSN) Target Price at $68.27

Shares of Tyson Foods, Inc. (NYSE:TSN) have received an average rating of “Hold” from the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $68.2727.

A number of brokerages have weighed in on TSN. Argus raised shares of Tyson Foods to a “hold” rating in a report on Friday, February 6th. JPMorgan Chase & Co. cut their price target on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Mizuho began coverage on shares of Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target for the company. Piper Sandler reissued an “overweight” rating and issued a $80.00 price target on shares of Tyson Foods in a report on Monday, May 4th. Finally, Wall Street Zen raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Saturday.

Institutional Trading of Tyson Foods

A number of hedge funds have recently bought and sold shares of the company. Oslo Pensjonsforsikring AS purchased a new stake in Tyson Foods during the first quarter valued at about $441,000. Summit Global Investments lifted its stake in Tyson Foods by 5.2% during the first quarter. Summit Global Investments now owns 42,414 shares of the company’s stock valued at $2,717,000 after buying an additional 2,089 shares in the last quarter. Convergence Investment Partners LLC lifted its stake in Tyson Foods by 74.3% during the first quarter. Convergence Investment Partners LLC now owns 17,068 shares of the company’s stock valued at $1,094,000 after buying an additional 7,276 shares in the last quarter. Earned Wealth Advisors LLC lifted its stake in Tyson Foods by 25.6% during the first quarter. Earned Wealth Advisors LLC now owns 5,690 shares of the company’s stock valued at $365,000 after buying an additional 1,161 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in Tyson Foods by 846.8% during the first quarter. Meeder Asset Management Inc. now owns 729 shares of the company’s stock valued at $47,000 after buying an additional 652 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $68.44 on Wednesday. Tyson Foods has a twelve month low of $50.56 and a twelve month high of $69.48. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $24.10 billion, a price-to-earnings ratio of 53.89, a PEG ratio of 1.40 and a beta of 0.40. The firm has a 50-day moving average of $63.35 and a two-hundred day moving average of $60.08.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same period in the prior year, the company earned $0.92 EPS. Tyson Foods’s revenue was up 4.4% on a year-over-year basis. As a group, analysts expect that Tyson Foods will post 4.1 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. Tyson Foods’s dividend payout ratio is currently 160.63%.

Tyson Foods Company Profile

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.