Tyson Foods (NYSE:TSN) Downgraded to “Hold” Rating by Wall Street Zen

Tyson Foods (NYSE:TSN) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other equities analysts also recently weighed in on TSN. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their price objective on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Piper Sandler reaffirmed an “overweight” rating and issued a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a report on Thursday. Mizuho initiated coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective on the stock. Finally, 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. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $68.09.

Tyson Foods Stock Up 0.0%

Tyson Foods stock opened at $55.48 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. The business’s 50-day simple moving average is $62.86 and its two-hundred day simple moving average is $61.78. The company has a market cap of $19.54 billion, a PE ratio of 43.69, a PEG ratio of 1.11 and a beta of 0.38. Tyson Foods has a fifty-two week low of $50.56 and a fifty-two week high of $69.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data 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 return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same period last year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Tyson Foods will post 4.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC increased its holdings in Tyson Foods by 42.9% in the 1st quarter. Empowered Funds LLC now owns 112,953 shares of the company’s stock worth $7,237,000 after acquiring an additional 33,895 shares in the last quarter. NewEdge Advisors LLC raised its position in Tyson Foods by 7.5% during the first quarter. NewEdge Advisors LLC now owns 7,216 shares of the company’s stock worth $462,000 after acquiring an additional 505 shares during the period. Alpine Woods Capital Investors LLC purchased a new position in Tyson Foods during the first quarter valued at $1,630,000. Groupama Asset Managment lifted its holdings in Tyson Foods by 1.3% during the first quarter. Groupama Asset Managment now owns 12,562 shares of the company’s stock valued at $805,000 after purchasing an additional 159 shares in the last quarter. Finally, Royal Fund Management LLC grew its position in shares of Tyson Foods by 2.6% in the first quarter. Royal Fund Management LLC now owns 63,064 shares of the company’s stock valued at $4,042,000 after purchasing an additional 1,570 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

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.