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

Tyson Foods, Inc. (NYSE:TSN) has been given a consensus rating of “Hold” by the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $68.1111.

TSN has been the topic of a number of recent research reports. Weiss Ratings cut Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Bank of America decreased their price objective on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. BMO Capital Markets cut their target price on shares of 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, HSBC reduced their target price on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th.

Tyson Foods Stock Performance

Shares of TSN opened at $52.99 on Tuesday. The stock has a 50 day moving average of $56.99 and a 200 day moving average of $60.36. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 0.86 and a beta of 0.38. Tyson Foods has a 12 month low of $50.56 and a 12 month high of $69.48. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $14.07 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts forecast that Tyson Foods will post 3.65 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 annualized dividend and a yield of 3.8%. Tyson Foods’s dividend payout ratio (DPR) is 125.93%.

Institutional Investors Weigh In On Tyson Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quantinno Capital Management LP lifted its stake in shares of Tyson Foods by 5.2% in the 1st quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company’s stock valued at $82,166,000 after acquiring an additional 63,885 shares during the last quarter. Pzena Investment Management LLC grew its position in Tyson Foods by 10.7% during the 4th quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock worth $897,502,000 after acquiring an additional 1,480,987 shares during the last quarter. Swiss National Bank increased its stake in Tyson Foods by 6.1% in the 1st quarter. Swiss National Bank now owns 830,700 shares of the company’s stock worth $53,223,000 after purchasing an additional 47,900 shares during the period. Wedge Capital Management L L P NC increased its stake in Tyson Foods by 10.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 621,639 shares of the company’s stock worth $35,589,000 after purchasing an additional 59,451 shares during the period. Finally, Great Lakes Advisors LLC bought a new stake in Tyson Foods in the second quarter valued at approximately $1,665,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Company Profile

Tyson Foods, Inc is a food company that produces and markets protein-based foods for retail, foodservice and industrial customers. Its principal businesses include chicken, beef, pork and prepared foods, with products ranging from fresh and frozen meats to ready-to-eat and ready-to-prepare meals.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair, as well as private-label offerings. Tyson Foods also supplies restaurants, schools, hospitals and other institutional customers, and operates processing, distribution and related food production facilities in the United States and select international markets.

Tyson Foods traces its origins to 1935, when John W.