Tyson Foods (NYSE:TSN) Sets New 1-Year Low – Should You Sell?

Tyson Foods, Inc. (NYSE:TSN)’s stock price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $50.50 and last traded at $51.0130, with a volume of 104882 shares traded. The stock had previously closed at $50.95.

Wall Street Analyst Weigh In

TSN has been the topic of a number of recent research reports. Piper Sandler dropped their price target on Tyson Foods from $78.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, September 10th. Sanford C. Bernstein decreased their price objective on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a report on Thursday, July 2nd. Zacks Research cut Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. BMO Capital Markets lowered their price objective on Tyson Foods from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, September 4th. Finally, HSBC dropped their price objective on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus target price of $67.89.

Tyson Foods Trading Up 0.3%

The stock has a market cap of $17.97 billion, a PE ratio of 31.58, a P/E/G ratio of 0.89 and a beta of 0.38. The firm has a 50-day simple moving average of $55.66 and a 200-day simple moving average of $59.51. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.36.

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

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 4.0%. Tyson Foods’s dividend payout ratio is currently 125.93%.

Institutional Investors Weigh In On Tyson Foods

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quantinno Capital Management LP lifted its position in Tyson Foods by 5.2% during the first quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company’s stock valued at $82,166,000 after purchasing an additional 63,885 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at $11,267,000. Swiss National Bank raised its position in shares of Tyson Foods by 6.1% during the 1st quarter. Swiss National Bank now owns 830,700 shares of the company’s stock valued at $53,223,000 after buying an additional 47,900 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Tyson Foods by 10.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 621,639 shares of the company’s stock worth $35,589,000 after acquiring an additional 59,451 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in shares of Tyson Foods during the 2nd quarter worth $1,665,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

About Tyson Foods

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

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair, as well as private-label offerings. Tyson Foods also supplies restaurants, schools, hospitals and other institutional customers, and operates processing, distribution and related food production facilities in the United States and select international markets.

Tyson Foods traces its origins to 1935, when John W.