Tyson Foods, Inc. (NYSE:TSN) Receives $70.67 Consensus PT from Analysts

Shares of Tyson Foods, Inc. (NYSE:TSN) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $70.6667.

Several research analysts have recently weighed in on the company. Bank of America reduced their target price on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. JPMorgan Chase & Co. cut their price target on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Finally, HSBC dropped their target price on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th.

Institutional Investors Weigh In On Tyson Foods

Several large investors have recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in shares of Tyson Foods by 15.6% in the first quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock worth $1,792,000 after acquiring an additional 3,788 shares during the last quarter. Woodline Partners LP raised its stake in Tyson Foods by 40.8% in the 1st quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock valued at $1,543,000 after purchasing an additional 7,011 shares during the last quarter. Focus Partners Wealth raised its stake in Tyson Foods by 84.0% in the 1st quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock valued at $804,000 after purchasing an additional 5,749 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Tyson Foods by 100.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock valued at $414,000 after purchasing an additional 3,702 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in Tyson Foods by 129.2% in the 2nd quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock valued at $4,807,000 after purchasing an additional 48,451 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $58.13 on Friday. The firm has a market cap of $20.45 billion, a PE ratio of 35.88, a P/E/G ratio of 1.25 and a beta of 0.40. Tyson Foods has a twelve month low of $50.56 and a twelve month high of $69.48. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $57.76 and a 200 day moving average price of $61.65.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter in the prior year, the business posted $0.91 earnings per share. Tyson Foods’s revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts predict that Tyson Foods will post 3.95 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. Tyson Foods’s dividend payout ratio (DPR) is currently 125.93%.

Tyson Foods Company Profile

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.