Tyson Foods, Inc. (NYSE:TSN) Receives $69.56 Average Target Price from Analysts

Tyson Foods, Inc. (NYSE:TSN) has been assigned an average rating of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat 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 12-month price objective among brokers that have covered the stock in the last year is $69.5556.

Several equities analysts have recently weighed in on TSN shares. Sanford C. Bernstein reduced their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research report on Thursday, July 2nd. Piper Sandler reissued 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. JPMorgan Chase & Co. cut their target price on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Weiss Ratings cut shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Finally, Stephens lifted their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th.

Institutional Investors Weigh In On Tyson Foods

Several hedge funds have recently modified their holdings of the stock. IFP Advisors Inc boosted its holdings in Tyson Foods by 10.3% in the 4th quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock valued at $98,000 after purchasing an additional 157 shares during the period. IFM Investors Pty Ltd grew its position in Tyson Foods by 0.4% in the 4th quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock worth $2,376,000 after purchasing an additional 159 shares during the last quarter. Groupama Asset Managment increased its holdings 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 purchasing an additional 159 shares during the period. Deseret Mutual Benefit Administrators raised its position in shares of Tyson Foods by 4.4% during the fourth 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 during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of Tyson Foods by 10.6% during the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after buying an additional 179 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Trading Up 0.1%

Shares of Tyson Foods stock opened at $57.11 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The firm has a market cap of $20.11 billion, a price-to-earnings ratio of 44.97, a price-to-earnings-growth ratio of 1.18 and a beta of 0.40. The business has a fifty day simple moving average of $59.40 and a 200-day simple moving average of $61.77. 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 earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating 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 business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same quarter last year, the business posted $0.92 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts forecast that Tyson Foods will post 4.08 EPS for the current fiscal year.

Tyson Foods Announces Dividend

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 3.6%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is presently 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.