Tyson Foods, Inc. (NYSE:TSN) Given Average Recommendation of “Hold” by Analysts

Tyson Foods, Inc. (NYSE:TSN) has earned an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $70.8750.

Several research analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Piper Sandler reiterated an “overweight” rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Sanford C. Bernstein dropped their price target on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research report on Thursday, July 2nd. Weiss Ratings lowered Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Finally, Stephens lifted their price objective on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th.

Hedge Funds Weigh In On Tyson Foods

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ascentis Independent Advisors bought a new position in Tyson Foods in the first quarter worth approximately $30,000. Basecamp Wealth Advisors LLC boosted its position in Tyson Foods by 272.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock valued at $30,000 after acquiring an additional 341 shares in the last quarter. Cedar Mountain Advisors LLC boosted its position in Tyson Foods by 293.5% during the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock valued at $31,000 after acquiring an additional 364 shares in the last quarter. City Holding Co. purchased a new position in shares of Tyson Foods in the 4th quarter valued at $29,000. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after acquiring an additional 198 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Price Performance

Shares of TSN stock opened at $57.47 on Monday. The company has a market capitalization of $20.24 billion, a P/E ratio of 45.25, a P/E/G ratio of 1.19 and a beta of 0.40. The company’s 50-day simple moving average is $59.04 and its two-hundred day simple moving average is $61.77. 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 current ratio of 1.83 and a quick ratio of 0.70.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. As a group, equities analysts anticipate that Tyson Foods will post 4.08 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. Tyson Foods’s payout ratio is currently 160.63%.

About Tyson Foods

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.