Analysts Set Tyson Foods, Inc. (NYSE:TSN) Price Target at $68.27

Shares of Tyson Foods, Inc. (NYSE:TSN) have been assigned an average recommendation of “Hold” from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $68.2727.

TSN has been the subject of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Tyson Foods in a research report on Monday, May 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $69.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 3rd. Argus raised Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Wall Street Zen raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Stephens upped their price objective on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th.

Tyson Foods Trading Up 0.6%

TSN opened at $67.45 on Wednesday. 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 $23.75 billion, a price-to-earnings ratio of 53.11, a PEG ratio of 1.38 and a beta of 0.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The business has a fifty day moving average price of $63.59 and a 200 day moving average price of $60.40.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. Sell-side analysts expect that Tyson Foods will post 4.1 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is currently 160.63%.

Institutional Trading of Tyson Foods

Institutional investors and hedge funds have recently made changes to their positions in the company. Markel Group Inc. lifted its holdings in shares of Tyson Foods by 4.0% in the 3rd quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock valued at $46,074,000 after purchasing an additional 32,500 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Tyson Foods by 73.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock valued at $102,042,000 after acquiring an additional 795,710 shares during the last quarter. Liberty One Investment Management LLC raised its stake in Tyson Foods by 32.1% during the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock valued at $6,179,000 after acquiring an additional 27,627 shares during the last quarter. Polaris Capital Management LLC raised its stake in Tyson Foods by 20.4% during the 3rd quarter. Polaris Capital Management LLC now owns 543,248 shares of the company’s stock valued at $29,498,000 after acquiring an additional 91,900 shares during the last quarter. Finally, Inscription Capital LLC raised its stake in Tyson Foods by 262.9% during the 3rd quarter. Inscription Capital LLC now owns 26,964 shares of the company’s stock valued at $1,464,000 after acquiring an additional 19,533 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

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.