Tyson Foods, Inc. (NYSE:TSN) Given Consensus Rating of “Hold” by Analysts

Tyson Foods, Inc. (NYSE:TSN) has been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $61.78.

Several equities analysts recently weighed in on the company. Barclays reduced their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Stephens upped their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Citigroup upped their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, April 15th.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $60.58 on Friday. The company has a 50-day simple moving average of $60.76 and a 200-day simple moving average of $59.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The company has a market cap of $21.58 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. Tyson Foods has a 12 month low of $53.61 and a 12 month high of $66.88.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. During the same period in the previous year, the company earned $0.69 EPS. Tyson Foods’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.30%. Tyson Foods’s dividend payout ratio is currently 67.57%.

Institutional Investors Weigh In On Tyson Foods

Several hedge funds have recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after purchasing an additional 446,648 shares during the period. Virtu Financial LLC acquired a new stake in Tyson Foods during the 3rd quarter valued at $1,241,000. Arvest Bank Trust Division acquired a new stake in Tyson Foods during the 3rd quarter valued at $270,000. Tidal Investments LLC increased its stake in Tyson Foods by 37.5% during the 3rd quarter. Tidal Investments LLC now owns 47,059 shares of the company’s stock worth $2,803,000 after buying an additional 12,830 shares during the period. Finally, Synovus Financial Corp lifted its holdings in Tyson Foods by 12.9% in the 3rd quarter. Synovus Financial Corp now owns 6,286 shares of the company’s stock worth $374,000 after buying an additional 720 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.