Tyson Foods, Inc. (NYSE:TSN) Given Average Recommendation of “Hold” by Brokerages

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

Several equities research analysts have recently issued reports on the company. Wall Street Zen lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Piper Sandler dropped their price target on Tyson Foods from $78.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday. BMO Capital Markets decreased their target price on Tyson Foods from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, September 4th. Weiss Ratings cut shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Finally, Sanford C. Bernstein lowered their target price on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a report on Thursday, July 2nd.

Tyson Foods Stock Performance

Shares of TSN stock opened at $53.27 on Tuesday. The company has a market capitalization of $18.74 billion, a price-to-earnings ratio of 32.88, a P/E/G ratio of 0.90 and a beta of 0.38. Tyson Foods has a 1-year low of $50.56 and a 1-year 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. The stock’s fifty day simple moving average is $56.88 and its 200-day simple moving average is $60.27.

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, hitting the consensus estimate of $0.99. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. On average, sell-side analysts predict that Tyson Foods will post 3.65 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

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 issued a dividend of $0.51 per share. 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 is currently 125.93%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ascentis Independent Advisors acquired a new position in Tyson Foods during the first quarter valued at approximately $30,000. Basecamp Wealth Advisors LLC grew its stake in Tyson Foods by 272.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock valued at $30,000 after buying an additional 341 shares during the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Tyson Foods by 293.5% during the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock worth $31,000 after purchasing an additional 364 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Tyson Foods by 62.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after buying an additional 198 shares in the last quarter. Finally, Archer Investment Corp acquired a new stake in Tyson Foods in the 2nd quarter worth about $31,000. 67.00% of the stock is currently owned by institutional investors.

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.