Tyson Foods, Inc. (NYSE:TSN) Receives $68.20 Consensus Target Price from Analysts

Tyson Foods, Inc. (NYSE:TSN) has been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $68.20.

A number of brokerages have commented on TSN. JPMorgan Chase & Co. lowered their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Mizuho initiated coverage on Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target for the company. Piper Sandler reissued an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Stephens increased their price objective on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th.

Tyson Foods Trading Up 2.0%

Shares of NYSE:TSN opened at $58.40 on Thursday. The firm has a fifty day moving average of $61.77 and a two-hundred day moving average of $61.84. The firm has a market capitalization of $20.57 billion, a P/E ratio of 45.99, a price-to-earnings-growth ratio of 1.16 and a beta of 0.40. Tyson Foods has a 12-month low of $50.56 and a 12-month high of $69.48. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last posted 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. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. During the same period in the previous year, the company posted $0.92 EPS. Tyson Foods’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts expect that Tyson Foods will post 4.16 EPS 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. Investors of record on Tuesday, September 1st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s payout ratio is presently 160.63%.

Hedge Funds Weigh In On Tyson Foods

Institutional investors have recently bought and sold shares of the stock. Basecamp Wealth Advisors LLC lifted its position in shares of Tyson Foods by 272.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock worth $30,000 after buying an additional 341 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Tyson Foods by 42.9% during the 1st quarter. Empowered Funds LLC now owns 112,953 shares of the company’s stock valued at $7,237,000 after acquiring an additional 33,895 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Tyson Foods by 7.5% in the 1st quarter. NewEdge Advisors LLC now owns 7,216 shares of the company’s stock valued at $462,000 after acquiring an additional 505 shares in the last quarter. Alpine Woods Capital Investors LLC bought a new position in shares of Tyson Foods in the 1st quarter valued at approximately $1,630,000. Finally, Groupama Asset Managment lifted its holdings in Tyson Foods by 1.3% in the 1st quarter. Groupama Asset Managment now owns 12,562 shares of the company’s stock worth $805,000 after purchasing an additional 159 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

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.