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

Tyson Foods, Inc. (NYSE:TSN) has received a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $66.78.

A number of research analysts have weighed in on the stock. BMO Capital Markets dropped their target price on shares of Tyson Foods from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, September 4th. HSBC decreased their price target on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Weiss Ratings upgraded Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 22nd. Zacks Research lowered shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Finally, Barclays lowered their price target on shares of Tyson Foods from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, September 4th.

Hedge Funds Weigh In On Tyson Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC lifted its position in Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after purchasing an additional 1,845,200 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Tyson Foods by 17.8% during the first quarter. Bank of America Corp DE now owns 1,610,663 shares of the company’s stock valued at $103,195,000 after purchasing an additional 243,060 shares during the period. Quantinno Capital Management LP grew its holdings in shares of Tyson Foods by 5.2% in the first quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company’s stock worth $82,166,000 after purchasing an additional 63,885 shares during the last quarter. Amundi grew its holdings in shares of Tyson Foods by 31.6% in the first quarter. Amundi now owns 1,225,806 shares of the company’s stock worth $78,537,000 after purchasing an additional 294,328 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Tyson Foods by 57.8% in the first quarter. Hsbc Holdings PLC now owns 930,379 shares of the company’s stock worth $59,560,000 after buying an additional 340,671 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Trading Up 1.4%

NYSE:TSN opened at $57.05 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43. The firm has a market cap of $20.07 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 0.93 and a beta of 0.40. Tyson Foods has a 52 week low of $49.96 and a 52 week high of $69.48. The firm has a 50-day moving average price of $53.71 and a two-hundred day moving average price of $59.57.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s revenue was down .1% compared to the same quarter last year. On average, equities analysts expect that Tyson Foods will post 3.49 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

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

Tyson Foods Company Profile

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.