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

Tyson Foods, Inc. (NYSE:TSN) has been assigned an average rating of “Hold” from the eleven analysts that are covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $61.10.

A number of analysts have recently weighed in on the company. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays lowered their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. BMO Capital Markets raised their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Finally, UBS Group initiated coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock.

Hedge Funds Weigh In On Tyson Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. boosted its holdings in Tyson Foods by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock worth $1,160,000 after buying an additional 172 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Tyson Foods by 10.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock worth $109,000 after buying an additional 173 shares during the last quarter. Syon Capital LLC boosted its holdings in Tyson Foods by 5.1% during the fourth quarter. Syon Capital LLC now owns 3,563 shares of the company’s stock worth $205,000 after buying an additional 174 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Tyson Foods by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after buying an additional 184 shares during the last quarter. Finally, Norinchukin Bank The boosted its holdings in Tyson Foods by 1.7% during the fourth quarter. Norinchukin Bank The now owns 11,002 shares of the company’s stock worth $632,000 after buying an additional 184 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Tyson Foods stock opened at $60.55 on Friday. Tyson Foods has a 52-week low of $53.12 and a 52-week high of $66.88. The firm has a market capitalization of $21.57 billion, a P/E ratio of 20.46, a P/E/G ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The stock has a fifty day moving average price of $57.68 and a two-hundred day moving average price of $60.01.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same period last year, the company posted $0.69 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, analysts anticipate that Tyson Foods will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is currently 67.57%.

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.