Tyson Foods, Inc. (NYSE:TSN) Receives $60.60 Average Target Price from Analysts

Tyson Foods, Inc. (NYSE:TSN) has been given an average recommendation of “Hold” by the fifteen research firms that are presently covering the firm, MarketBeat reports. Thirteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $60.60.

Several brokerages have weighed in on TSN. BMO Capital Markets set a $67.00 target price on Tyson Foods and gave the stock an “outperform” rating in a report on Thursday, January 8th. Bank of America dropped their target price on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Piper Sandler boosted their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th.

Insider Activity at Tyson Foods

In other Tyson Foods news, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction on Friday, November 28th. The shares were sold at an average price of $58.05, for a total value of $5,822,473.05. Following the transaction, the chairman directly owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total value of $373,965.41. Following the transaction, the chief financial officer directly owned 31,833 shares in the company, valued at approximately $1,820,529.27. The trade was a 17.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tyson Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its holdings in shares of Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after acquiring an additional 228 shares in the last quarter. City Holding Co. purchased a new stake in Tyson Foods during the 4th quarter worth approximately $29,000. NewSquare Capital LLC increased its stake in Tyson Foods by 175.3% during the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after purchasing an additional 326 shares in the last quarter. Root Financial Partners LLC acquired a new position in Tyson Foods during the 3rd quarter valued at approximately $28,000. Finally, Activest Wealth Management raised its holdings in shares of Tyson Foods by 3,842.9% in the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after buying an additional 538 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of TSN stock opened at $65.32 on Monday. The company has a market capitalization of $23.06 billion, a P/E ratio of 49.11, a P/E/G ratio of 1.47 and a beta of 0.48. The company’s 50-day simple moving average is $59.08 and its two-hundred day simple moving average is $55.94. Tyson Foods has a one year low of $50.56 and a one year high of $65.96. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.55 and a quick ratio of 0.66.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.30. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The firm had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.08 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Tyson Foods will post 3.8 EPS for the current year.

Tyson Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. Tyson Foods’s dividend payout ratio is currently 153.38%.

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.