Tyson Foods, Inc. (NYSE:TSN) Stock Has Consensus Target Price of $67.89

Tyson Foods, Inc. (NYSE:TSN) has received an average recommendation of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $67.89.

TSN has been the topic of several analyst reports. Piper Sandler decreased their price objective on Tyson Foods from $78.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, September 10th. Bank of America reduced their price target on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Barclays lowered their price objective on Tyson Foods from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, September 4th. Sanford C. Bernstein dropped their price objective on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research note on Thursday, July 2nd. Finally, Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th.

Institutional Trading of Tyson Foods

Institutional investors have recently modified their holdings of the company. Groupama Asset Managment increased its stake in Tyson Foods by 1.3% in the first quarter. Groupama Asset Managment now owns 12,562 shares of the company’s stock valued at $805,000 after purchasing an additional 159 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of Tyson Foods by 4.4% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock worth $231,000 after buying an additional 166 shares during the last quarter. Keynote Financial Services LLC boosted its holdings in shares of Tyson Foods by 1.7% in the 4th quarter. Keynote Financial Services LLC now owns 11,752 shares of the company’s stock valued at $689,000 after buying an additional 195 shares in the last quarter. SJS Investment Consulting Inc. grew its position in shares of Tyson Foods by 15.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,625 shares of the company’s stock valued at $104,000 after buying an additional 220 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Tyson Foods by 30.8% in the 4th quarter. Hantz Financial Services Inc. now owns 976 shares of the company’s stock valued at $57,000 after buying an additional 230 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Trading Down 0.4%

TSN stock opened at $51.68 on Friday. The company has a market capitalization of $18.18 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 0.82 and a beta of 0.40. Tyson Foods has a one year low of $49.96 and a one year high of $69.48. The company’s 50 day moving average price is $54.99 and its two-hundred day moving average price is $59.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. The company had revenue of $13.87 billion during 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 was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. As a group, analysts predict that Tyson Foods will post 3.53 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.51 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.9%. Tyson Foods’s payout ratio is presently 125.93%.

Tyson Foods Company Profile

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

The company’s portfolio includes Tyson-branded products as well as brands such as Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, and Sara Lee Frozen Bakery. Tyson Foods also supplies private-label and customized food products to customers in the restaurant, hospitality, institutional, and food-manufacturing sectors.

Founded by John W.