Tyson Foods, Inc. (NYSE:TSN) Stock Has Consensus Target Price of $67.89

Tyson Foods, Inc. (NYSE:TSN) has received an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $66.78.

Several equities research analysts have recently issued reports on TSN shares. Barclays lowered their target price on shares of Tyson Foods from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, September 4th. Weiss Ratings cut Tyson Foods from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 24th. HSBC lowered their price target on Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. Piper Sandler dropped their price objective on Tyson Foods from $66.00 to $56.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets cut their price objective on Tyson Foods from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, September 4th.

Institutional Investors Weigh In On Tyson Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors purchased a new position in Tyson Foods during the first quarter valued at $30,000. Basecamp Wealth Advisors LLC increased its stake in shares of Tyson Foods by 272.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock worth $30,000 after purchasing an additional 341 shares in the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Tyson Foods by 293.5% during the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock worth $31,000 after purchasing an additional 364 shares in the last quarter. Archer Investment Corp acquired a new position in shares of Tyson Foods during the 2nd quarter worth about $31,000. Finally, Meeder Asset Management Inc. raised its position in shares of Tyson Foods by 846.8% during the 1st quarter. Meeder Asset Management Inc. now owns 729 shares of the company’s stock worth $47,000 after purchasing an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

NYSE:TSN opened at $51.66 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.55. The company has a 50 day moving average price of $54.62 and a 200-day moving average price of $59.04. Tyson Foods has a 1-year low of $49.96 and a 1-year high of $69.48. The firm has a market cap of $18.17 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 0.83 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts forecast that Tyson Foods will post 3.53 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.9%. Tyson Foods’s dividend payout ratio (DPR) is currently 125.93%.

Tyson Foods Company Profile

Tyson Foods, Inc is a food company that produces and markets protein-based food products for retail grocery, foodservice, and industrial customers. Its principal businesses include poultry, beef, pork, and prepared foods, with products ranging from fresh and frozen meats to ready-to-eat and convenience-oriented meals.

The company’s portfolio includes Tyson-branded products as well as brands such as Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, and Sara Lee Frozen Bakery. Tyson Foods also supplies private-label and customized food products to customers in the restaurant, hospitality, institutional, and food-manufacturing sectors.

Founded by John W.