Tyson Foods (NYSE:TSN) Price Target Lowered to $65.00 at JPMorgan Chase & Co.

Tyson Foods (NYSE:TSN) had its target price reduced by JPMorgan Chase & Co. from $71.00 to $65.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently issued reports on the company. Stephens lifted their price target on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Bank of America cut their price objective on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Finally, Weiss Ratings lowered Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $69.56.

Tyson Foods Stock Performance

Shares of TSN opened at $57.50 on Tuesday. The firm has a 50-day moving average price of $60.61 and a 200 day moving average price of $61.82. The firm has a market capitalization of $20.25 billion, a PE ratio of 45.28, a P/E/G ratio of 1.20 and a beta of 0.40. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. Tyson Foods has a 52-week low of $50.56 and a 52-week high of $69.48.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same period in the previous year, the firm earned $0.92 EPS. Tyson Foods’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that Tyson Foods will post 4.09 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is presently 160.63%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. 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 worth $98,000 after acquiring an additional 157 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of Tyson Foods by 0.4% in the fourth quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock worth $2,376,000 after acquiring an additional 159 shares during the period. Groupama Asset Managment boosted its stake in shares of Tyson Foods by 1.3% during the 1st quarter. Groupama Asset Managment now owns 12,562 shares of the company’s stock worth $805,000 after acquiring an additional 159 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position 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 grew its stake in Tyson Foods by 10.6% in the 3rd 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 during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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.