Tyson Foods, Inc. (NYSE:TSN) Receives Consensus Rating of “Hold” from Analysts

Tyson Foods, Inc. (NYSE:TSN) has received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $69.5556.

Several equities analysts have commented on TSN shares. Bank of America dropped their price target on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Sanford C. Bernstein reduced their price objective on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday, July 2nd. JPMorgan Chase & Co. decreased their target price on Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Weiss Ratings cut Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th.

Institutional Trading of Tyson Foods

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in Tyson Foods by 564.2% in the fourth quarter. SG Americas Securities LLC now owns 516,967 shares of the company’s stock valued at $30,305,000 after purchasing an additional 439,137 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Tyson Foods by 39.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 103,769 shares of the company’s stock worth $5,788,000 after buying an additional 29,160 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Tyson Foods by 2.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 609,977 shares of the company’s stock worth $35,403,000 after buying an additional 14,858 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Tyson Foods by 10.7% in the 4th quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock valued at $897,502,000 after buying an additional 1,480,987 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Tyson Foods in the 4th quarter valued at $22,862,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.0%

NYSE TSN opened at $57.76 on Monday. 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 firm has a market cap of $20.34 billion, a price-to-earnings ratio of 45.48, a PEG ratio of 1.19 and a beta of 0.40. The firm has a 50 day simple moving average of $59.99 and a 200-day simple moving average of $61.80. Tyson Foods has a one year low of $50.56 and a one year high of $69.48.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. Equities research analysts anticipate that Tyson Foods will post 4.12 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

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