Analysts Set Tyson Foods, Inc. (NYSE:TSN) Target Price at $60.00

Tyson Foods, Inc. (NYSE:TSN) has been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $60.00.

TSN has been the subject of a number of research reports. BMO Capital Markets increased their target price on Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a research report on Tuesday, May 7th. StockNews.com downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, July 20th. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. Citigroup raised their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Piper Sandler raised their price target on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th.

Hedge Funds Weigh In On Tyson Foods

Several institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of Tyson Foods by 8.8% during the second quarter. Principal Financial Group Inc. now owns 355,677 shares of the company’s stock valued at $20,323,000 after buying an additional 28,778 shares during the period. F M Investments LLC purchased a new position in Tyson Foods in the second quarter valued at about $3,567,000. American Capital Advisory LLC purchased a new position in Tyson Foods in the second quarter valued at about $161,000. Tobam grew its stake in Tyson Foods by 889.0% in the second quarter. Tobam now owns 25,565 shares of the company’s stock valued at $1,461,000 after purchasing an additional 22,980 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Tyson Foods by 3.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 115,889 shares of the company’s stock valued at $6,622,000 after purchasing an additional 3,901 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.2 %

TSN stock opened at $60.86 on Thursday. Tyson Foods has a 1-year low of $44.94 and a 1-year high of $62.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87. The company has a market capitalization of $21.73 billion, a price-to-earnings ratio of -34.19, a PEG ratio of 0.46 and a beta of 0.74. The business has a 50 day simple moving average of $57.51 and a two-hundred day simple moving average of $56.99.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS. Research analysts anticipate that Tyson Foods will post 2.61 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.22%. Tyson Foods’s dividend payout ratio is currently -110.11%.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.