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

Tyson Foods, Inc. (NYSE:TSN) has earned an average rating of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $68.20.

TSN has been the topic of a number of research reports. Stephens upped their price target on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Wall Street Zen lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Finally, Piper Sandler reissued an “overweight” rating and set a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th.

Tyson Foods Stock Up 0.8%

TSN stock opened at $57.86 on Thursday. The stock’s 50 day simple moving average is $62.37 and its 200 day simple moving average is $61.81. Tyson Foods has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The company has a market cap of $20.37 billion, a P/E ratio of 45.56, a price-to-earnings-growth ratio of 1.16 and a beta of 0.38.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same period in the prior year, the business earned $0.92 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts expect that Tyson Foods will post 4.16 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s payout ratio is currently 160.63%.

Institutional Trading of Tyson Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSN. IFP Advisors Inc boosted its stake 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. IFM Investors Pty Ltd boosted its stake in Tyson Foods by 0.4% in the fourth quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock valued at $2,376,000 after acquiring an additional 159 shares in the last quarter. Groupama Asset Managment boosted its stake 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. Deseret Mutual Benefit Administrators boosted its stake in Tyson Foods by 4.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock valued at $231,000 after acquiring an additional 166 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in Tyson Foods by 10.6% in the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after acquiring an additional 179 shares in the last quarter. 67.00% of the stock is owned by 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.