Tyson Foods (NYSE:TSN) Price Target Raised to $54.00 at The Goldman Sachs Group

Tyson Foods (NYSE:TSN) had its price target hoisted by The Goldman Sachs Group from $49.00 to $54.00 in a research report released on Wednesday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Piper Sandler raised their price target on shares of Tyson Foods from $44.00 to $48.00 and gave the company a neutral rating in a research note on Friday, January 26th. JPMorgan Chase & Co. raised their target price on Tyson Foods from $51.00 to $55.00 and gave the stock a neutral rating in a research report on Thursday, February 1st. Citigroup upped their price target on Tyson Foods from $57.00 to $62.00 and gave the company a neutral rating in a research report on Wednesday, April 3rd. BMO Capital Markets raised their price objective on Tyson Foods from $52.00 to $55.00 and gave the stock a market perform rating in a research report on Tuesday, February 6th. Finally, Bank of America raised Tyson Foods from an underperform rating to a neutral rating and lifted their price objective for the stock from $47.00 to $62.00 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $58.80.

Tyson Foods Price Performance

Shares of TSN opened at $59.95 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The stock has a market cap of $21.36 billion, a PE ratio of -24.27, a PEG ratio of 0.47 and a beta of 0.77. Tyson Foods has a 12-month low of $44.94 and a 12-month high of $63.28. The business has a 50-day simple moving average of $56.12 and a two-hundred day simple moving average of $52.44.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.28. The company had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Analysts anticipate that Tyson Foods will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.27%. Tyson Foods’s dividend payout ratio is currently -79.35%.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the sale, the director now owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.05% of the company’s stock.

Hedge Funds Weigh In On Tyson Foods

Several institutional investors have recently made changes to their positions in TSN. Pzena Investment Management LLC bought a new position in Tyson Foods in the third quarter worth approximately $274,707,000. Price T Rowe Associates Inc. MD grew its position in Tyson Foods by 97.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock valued at $561,869,000 after purchasing an additional 4,669,457 shares during the period. Capital Research Global Investors increased its stake in Tyson Foods by 153.2% during the 4th quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after purchasing an additional 2,920,479 shares in the last quarter. Vanguard Group Inc. raised its holdings in Tyson Foods by 6.4% during the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after buying an additional 2,239,235 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Tyson Foods by 97.2% in the third quarter. Bank of New York Mellon Corp now owns 4,250,887 shares of the company’s stock valued at $214,627,000 after buying an additional 2,095,597 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.