Brokerages Set Tyson Foods, Inc. (NYSE:TSN) Price Target at $60.60

Tyson Foods, Inc. (NYSE:TSN) has earned an average rating of “Hold” from the fifteen analysts that are covering the firm, MarketBeat reports. Thirteen analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $60.60.

Several research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Bank of America dropped their price target on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Piper Sandler increased their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. BMO Capital Markets set a $67.00 target price on Tyson Foods and gave the company an “outperform” rating in a research report on Thursday, January 8th. Finally, Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th.

Tyson Foods Trading Up 0.2%

Shares of TSN stock opened at $65.32 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.55. The stock has a fifty day simple moving average of $59.08 and a two-hundred day simple moving average of $55.90. The firm has a market capitalization of $23.06 billion, a PE ratio of 49.11, a PEG ratio of 1.46 and a beta of 0.48. Tyson Foods has a 52-week low of $50.56 and a 52-week high of $65.96.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.30. The firm had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.08 billion. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. On average, analysts predict that Tyson Foods will post 3.8 EPS for the current fiscal year.

Tyson Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.51 per share. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, February 27th. Tyson Foods’s payout ratio is presently 153.38%.

Insiders Place Their Bets

In other news, CFO Curt Calaway sold 6,539 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction of $373,965.41. Following the transaction, the chief financial officer owned 31,833 shares in the company, valued at approximately $1,820,529.27. This trade represents a 17.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman John H. Tyson sold 100,301 shares of the stock in a transaction on Friday, November 28th. The shares were sold at an average price of $58.05, for a total value of $5,822,473.05. Following the sale, the chairman directly owned 2,989,415 shares in the company, valued at $173,535,540.75. This trade represents a 3.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.11% of the company’s stock.

Institutional Investors Weigh In On Tyson Foods

Large investors have recently modified their holdings of the business. Citizens Financial Group Inc. RI acquired a new stake in shares of Tyson Foods during the fourth quarter worth about $210,000. Activest Wealth Management lifted its stake in Tyson Foods by 3,842.9% during the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after acquiring an additional 538 shares during the period. Oakwell Private Wealth Management LLC purchased a new stake in shares of Tyson Foods in the 4th quarter valued at $208,000. Interchange Capital Partners LLC acquired a new stake in shares of Tyson Foods in the fourth quarter worth $259,000. Finally, Keybank National Association OH raised its holdings in shares of Tyson Foods by 19.4% during the fourth quarter. Keybank National Association OH now owns 33,377 shares of the company’s stock worth $1,957,000 after purchasing an additional 5,422 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Company Profile

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.