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

Shares of Tyson Foods, Inc. (NYSE:TSN) have been given a consensus rating of “Hold” by the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $68.2727.

Several research analysts have recently issued reports on TSN shares. Stephens raised their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Piper Sandler reiterated an “overweight” rating and issued a $80.00 price target on shares of Tyson Foods in a report on Monday, May 4th. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. cut their price target on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Finally, Mizuho initiated coverage on shares of Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target on the stock.

Institutional Trading of Tyson Foods

Several large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its holdings in Tyson Foods by 10.3% in the fourth quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock valued at $98,000 after acquiring an additional 157 shares in the last quarter. Groupama Asset Managment boosted its holdings in Tyson Foods by 1.3% in the first quarter. Groupama Asset Managment now owns 12,562 shares of the company’s stock valued at $805,000 after acquiring an additional 159 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Tyson Foods by 0.4% during the 4th quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock valued at $2,376,000 after buying an additional 159 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of Tyson Foods by 4.4% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock valued at $231,000 after buying an additional 166 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Tyson Foods by 10.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after buying an additional 179 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Down 1.3%

Shares of Tyson Foods stock opened at $61.20 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 52-week low of $50.56 and a 52-week high of $69.48. The stock has a market capitalization of $21.55 billion, a price-to-earnings ratio of 48.19, a P/E/G ratio of 1.25 and a beta of 0.40. The company’s 50 day moving average price is $64.55 and its 200-day moving average price is $61.57.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. During the same quarter last year, the business earned $0.92 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Equities research analysts forecast that Tyson Foods will post 4.1 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.3%. Tyson Foods’s payout ratio is 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.