Tyson Foods, Inc. (NYSE:TSN) Stock Has Average Target Price of $66.78 According to Analysts

Tyson Foods, Inc. (NYSE:TSN) has earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $66.78.

TSN has been the subject of several analyst reports. HSBC lowered their price objective on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Piper Sandler cut their target price on Tyson Foods from $66.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 7th. Barclays decreased their price target on Tyson Foods from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, September 4th. BMO Capital Markets lowered their price target on Tyson Foods from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, September 4th. Finally, Zacks Research cut Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Pzena Investment Management LLC grew its holdings in Tyson Foods by 12.1% during the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after purchasing an additional 1,845,200 shares during the period. Hsbc Holdings PLC raised its holdings in Tyson Foods by 57.8% during the 1st quarter. Hsbc Holdings PLC now owns 930,379 shares of the company’s stock valued at $59,560,000 after acquiring an additional 340,671 shares during the period. Amundi raised its holdings in Tyson Foods by 31.6% during the 1st quarter. Amundi now owns 1,225,806 shares of the company’s stock valued at $78,537,000 after acquiring an additional 294,328 shares during the period. Bank of America Corp DE lifted its position in shares of Tyson Foods by 17.8% during the first quarter. Bank of America Corp DE now owns 1,610,663 shares of the company’s stock worth $103,195,000 after acquiring an additional 243,060 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Tyson Foods during the second quarter worth $11,267,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Down 0.3%

TSN opened at $56.88 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.55. Tyson Foods has a fifty-two week low of $49.96 and a fifty-two week high of $69.48. The firm has a market capitalization of $20.01 billion, a PE ratio of 14.34, a P/E/G ratio of 0.95 and a beta of 0.38. The company’s 50-day moving average is $53.67 and its 200 day moving average is $59.54.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. As a group, research analysts predict that Tyson Foods will post 3.49 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a $0.51 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.6%. Tyson Foods’s dividend payout ratio is currently 125.93%.

About Tyson Foods

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.