Brokerages Set Tyson Foods, Inc. (NYSE:TSN) PT at $64.27

Shares of Tyson Foods, Inc. (NYSE:TSN) have been assigned an average recommendation of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $64.2727.

Several equities research analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Argus upgraded shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Piper Sandler lifted their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Finally, Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th.

Tyson Foods Stock Performance

Tyson Foods stock opened at $63.38 on Friday. Tyson Foods has a fifty-two week low of $50.56 and a fifty-two week high of $66.41. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of 113.17, a PEG ratio of 1.39 and a beta of 0.48. The stock has a fifty day moving average of $61.32 and a two-hundred day moving average of $57.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). The company had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. On average, analysts anticipate that Tyson Foods will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.51 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a yield of 3.2%. Tyson Foods’s payout ratio is 364.29%.

Insider Activity at Tyson Foods

In related news, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the transaction, the chairman owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.11% of the stock is currently owned by corporate insiders.

Institutional Trading of Tyson Foods

Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Tyson Foods in the fourth quarter valued at $308,297,000. Davis Selected Advisers raised its holdings in shares of Tyson Foods by 91.4% in the 2nd quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock worth $501,025,000 after purchasing an additional 4,276,884 shares during the period. Life Cycle Investment Partners Ltd acquired a new position in shares of Tyson Foods in the 4th quarter valued at about $165,220,000. AQR Capital Management LLC grew its holdings in shares of Tyson Foods by 76.1% during the 2nd quarter. AQR Capital Management LLC now owns 5,006,787 shares of the company’s stock worth $277,326,000 after purchasing an additional 2,164,160 shares during the period. Finally, Invesco Ltd. increased its position in Tyson Foods by 36.0% during the 2nd quarter. Invesco Ltd. now owns 5,864,131 shares of the company’s stock worth $328,039,000 after purchasing an additional 1,550,812 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

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.