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

Shares of Tyson Foods, Inc. (NYSE:TSN) have earned an average rating of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $68.20.

Several equities research analysts recently commented on TSN shares. JPMorgan Chase & Co. cut their price target on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Stephens increased their price target on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Mizuho initiated coverage on Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target for the company. Piper Sandler reissued an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Finally, Weiss Ratings raised Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd.

Institutional Trading of Tyson Foods

A number of institutional investors have recently bought and sold shares of TSN. Basecamp Wealth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 341 shares during the last quarter. Empowered Funds LLC raised its stake in Tyson Foods by 42.9% during the 1st quarter. Empowered Funds LLC now owns 112,953 shares of the company’s stock valued at $7,237,000 after acquiring an additional 33,895 shares during the last quarter. NewEdge Advisors LLC increased its position in Tyson Foods by 7.5% during the 1st quarter. NewEdge Advisors LLC now owns 7,216 shares of the company’s stock worth $462,000 after purchasing an additional 505 shares during the period. Alpine Woods Capital Investors LLC acquired a new position in Tyson Foods during the 1st quarter worth approximately $1,630,000. Finally, Groupama Asset Managment increased its position in Tyson Foods by 1.3% during the 1st quarter. Groupama Asset Managment now owns 12,562 shares of the company’s stock worth $805,000 after purchasing an additional 159 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $58.67 on Thursday. The business has a 50 day simple moving average of $62.03 and a two-hundred day simple moving average of $61.85. Tyson Foods has a 12 month low of $50.56 and a 12 month high of $69.48. The stock has a market capitalization of $20.66 billion, a P/E ratio of 46.20, a PEG ratio of 1.18 and a beta of 0.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, analysts predict that Tyson Foods will post 4.16 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.51 dividend. The ex-dividend date is Tuesday, September 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 160.63%.

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.