Tyson Foods, Inc. (NYSE:TSN) Stock Has Average Price Target of $66.78

Tyson Foods, Inc. (NYSE:TSN) has been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $66.78.

A number of brokerages recently commented on TSN. BMO Capital Markets lowered their target price on Tyson Foods from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, September 4th. Piper Sandler reduced their price objective on Tyson Foods from $66.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, October 7th. Barclays dropped their price objective on shares of Tyson Foods from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, September 4th. JPMorgan Chase & Co. raised shares of Tyson Foods from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $65.00 to $63.00 in a research report on Friday, September 18th. Finally, Weiss Ratings upgraded Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 22nd.

Tyson Foods Trading Up 0.0%

TSN stock opened at $57.05 on Wednesday. Tyson Foods has a 1-year low of $49.96 and a 1-year high of $69.48. 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 business has a 50 day simple moving average of $53.71 and a two-hundred day simple moving average of $59.57. The company has a market capitalization of $20.07 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 0.95 and a beta of 0.38.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. Research analysts anticipate that Tyson Foods will post 3.49 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, December 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 125.93%.

Institutional Investors Weigh In On Tyson Foods

Several large investors have recently modified their holdings of the stock. Pzena Investment Management LLC raised its position in shares of Tyson Foods by 4.4% during the 3rd quarter. Pzena Investment Management LLC now owns 17,768,718 shares of the company’s stock valued at $897,853,000 after acquiring an additional 752,067 shares during the last quarter. Provenance Wealth Advisors LLC boosted its holdings in shares of Tyson Foods by 116.3% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 2,243 shares of the company’s stock valued at $113,000 after buying an additional 1,206 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Tyson Foods during the 3rd quarter worth about $3,672,000. Cidel Asset Management Inc. acquired a new stake in Tyson Foods in the 3rd quarter worth about $517,000. Finally, Unison Advisors LLC lifted its holdings in shares of Tyson Foods by 0.9% during the 3rd quarter. Unison Advisors LLC now owns 27,608 shares of the company’s stock worth $1,395,000 after acquiring an additional 240 shares during the period. 67.00% of the stock is currently owned by institutional investors.

About Tyson Foods

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.