Brokerages Set Tyson Foods, Inc. (NYSE:TSN) Target Price at $65.92

Tyson Foods, Inc. (NYSE:TSN) has been given an average recommendation of “Hold” by the sixteen brokerages that are covering the stock, MarketBeat reports. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $65.9167.

Several equities analysts have recently weighed in on the company. Piper Sandler upgraded Tyson Foods from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $61.00 to $75.00 in a research report on Monday, April 6th. Argus upgraded Tyson Foods to a “hold” rating in a research report on Friday, February 6th. BMO Capital Markets lifted their price objective on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Sanford C. Bernstein reissued a “market perform” rating and set a $69.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th.

Institutional Investors Weigh In On Tyson Foods

Large investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. boosted its stake in Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after buying an additional 228 shares during the period. City Holding Co. bought a new stake in Tyson Foods during the fourth quarter valued at $29,000. Cary Street Partners Investment Advisory LLC boosted its stake in Tyson Foods by 62.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after buying an additional 198 shares during the period. Root Financial Partners LLC bought a new stake in Tyson Foods during the third quarter valued at $28,000. Finally, Activest Wealth Management boosted its stake in Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after buying an additional 538 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $64.41 on Friday. The stock has a market cap of $22.68 billion, a PE ratio of 115.02, a price-to-earnings-growth ratio of 1.42 and a beta of 0.44. Tyson Foods has a fifty-two week low of $50.56 and a fifty-two week high of $66.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The stock has a fifty day moving average of $63.12 and a 200-day moving average of $58.77.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). The company had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. Tyson Foods’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share. Equities research analysts anticipate that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 annualized dividend and a yield of 3.2%. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

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.