Tyson Foods, Inc. (NYSE:TSN) Receives Consensus Rating of “Hold” from Analysts

Shares of Tyson Foods, Inc. (NYSE:TSN) have been given an average rating of “Hold” by the fifteen brokerages that are currently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $68.2727.

Several equities analysts recently commented on TSN shares. Piper Sandler reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Tyson Foods in a research report on Monday, May 4th. Wall Street Zen raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Weiss Ratings raised shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Finally, Stephens raised their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th.

Institutional Investors Weigh In On Tyson Foods

A number of institutional investors have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC grew its stake in Tyson Foods by 12.1% in the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after acquiring an additional 1,845,200 shares during the period. State Street Corp grew its stake in Tyson Foods by 0.6% in the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after acquiring an additional 85,282 shares during the period. Davis Selected Advisers grew its stake in Tyson Foods by 28.8% in the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock valued at $751,951,000 after acquiring an additional 2,865,413 shares during the period. AQR Capital Management LLC grew its stake in Tyson Foods by 20.6% in the 4th quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock valued at $475,669,000 after acquiring an additional 1,387,645 shares during the period. Finally, Invesco Ltd. grew its stake in Tyson Foods by 1.4% in the 4th quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock valued at $354,995,000 after acquiring an additional 83,861 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Performance

TSN stock opened at $56.99 on Friday. The firm has a market cap of $20.07 billion, a price-to-earnings ratio of 44.87, a PEG ratio of 1.16 and a beta of 0.38. The firm has a 50-day simple moving average of $64.47 and a two-hundred day simple moving average of $61.74. Tyson Foods has a one year low of $50.56 and a one year high of $69.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. On average, equities analysts forecast that Tyson Foods will post 4.14 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. Tyson Foods’s dividend payout ratio (DPR) is presently 160.63%.

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.