Brokerages Set Tyson Foods, Inc. (NYSE:TSN) Target Price at $62.63

Tyson Foods, Inc. (NYSE:TSN) has earned an average rating of “Hold” from the ten brokerages that are covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $62.63.

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Tuesday, May 6th. Stephens reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 6th. Citigroup raised their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. Finally, Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th.

Tyson Foods Stock Down 0.3%

Tyson Foods stock opened at $54.73 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. Tyson Foods has a 52-week low of $54.01 and a 52-week high of $66.88. The firm has a 50 day moving average price of $57.51 and a two-hundred day moving average price of $58.56. The firm has a market cap of $19.50 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 0.72 and a beta of 0.60.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The firm had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.15 billion. During the same quarter last year, the business earned $0.62 EPS. The company’s revenue was up .0% compared to the same quarter last year. Equities analysts predict that Tyson Foods will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods’s payout ratio is currently 77.82%.

Institutional Trading of Tyson Foods

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Tyson Foods by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company’s stock valued at $2,294,697,000 after purchasing an additional 247,051 shares during the period. Pzena Investment Management LLC boosted its holdings in Tyson Foods by 10.6% during the 1st quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company’s stock worth $846,379,000 after acquiring an additional 1,271,750 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Tyson Foods by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company’s stock worth $400,712,000 after acquiring an additional 178,785 shares during the last quarter. Northern Trust Corp boosted its holdings in Tyson Foods by 0.8% during the 1st quarter. Northern Trust Corp now owns 4,737,737 shares of the company’s stock worth $302,315,000 after acquiring an additional 36,941 shares during the last quarter. Finally, Davis Selected Advisers boosted its holdings in Tyson Foods by 51.9% during the 1st quarter. Davis Selected Advisers now owns 4,679,582 shares of the company’s stock worth $298,604,000 after acquiring an additional 1,598,896 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

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.