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

Tyson Foods, Inc. (NYSE:TSN) has received an average rating of “Hold” from the fifteen research firms that are covering the company, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $64.2727.

Several research firms recently commented on TSN. Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 target price on shares of Tyson Foods in a research report on Tuesday, February 3rd. BMO Capital Markets increased their price target on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Argus raised Tyson Foods to a “hold” rating in a report on Friday, February 6th. Barclays lifted their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th.

Tyson Foods Price Performance

NYSE TSN opened at $58.22 on Tuesday. Tyson Foods has a 52 week low of $50.56 and a 52 week high of $66.41. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. The stock has a market cap of $20.50 billion, a price-to-earnings ratio of 103.96, a price-to-earnings-growth ratio of 1.28 and a beta of 0.47. The company has a 50-day moving average price of $62.62 and a two-hundred day moving average price of $57.76.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The business had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $1.14 EPS. Analysts forecast that Tyson Foods will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, June 1st. Tyson Foods’s payout ratio is 364.29%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its holdings in Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after purchasing an additional 228 shares in the last quarter. Root Financial Partners LLC bought a new position in Tyson Foods during the 3rd quarter valued at $28,000. City Holding Co. acquired a new position in shares of Tyson Foods during the 4th quarter valued at $29,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Tyson Foods by 62.3% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares during the period. Finally, Activest Wealth Management raised its stake in shares of Tyson Foods by 3,842.9% in the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after buying an additional 538 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Company Profile

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.