Tyson Foods, Inc. (NYSE:TSN) Receives $60.60 Consensus Target Price from Analysts

Tyson Foods, Inc. (NYSE:TSN) has earned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $60.60.

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. BMO Capital Markets set a $67.00 price objective on Tyson Foods and gave the stock an “outperform” rating in a report on Thursday, January 8th. Bank of America decreased their target price on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Finally, Piper Sandler lifted their price target on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th.

Tyson Foods Price Performance

NYSE:TSN opened at $64.57 on Monday. Tyson Foods has a 12-month low of $50.56 and a 12-month high of $65.96. The firm has a market capitalization of $22.79 billion, a price-to-earnings ratio of 48.55, a P/E/G ratio of 1.48 and a beta of 0.48. The stock’s 50 day moving average price is $58.59 and its two-hundred day moving average price is $55.76. The company has a quick ratio of 0.66, a current ratio of 1.55 and a debt-to-equity ratio of 0.43.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.08 billion. During the same period in the previous year, the firm earned $0.92 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. Tyson Foods’s dividend payout ratio (DPR) is presently 153.38%.

Insider Activity

In related news, CFO Curt Calaway sold 6,539 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the transaction, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This trade represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John H. Tyson sold 100,301 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the sale, the chairman directly owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. This represents a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.11% of the company’s stock.

Hedge Funds Weigh In On Tyson Foods

A number of hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its position in shares of Tyson Foods by 93.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after acquiring an additional 228 shares during the period. City Holding Co. bought a new stake in Tyson Foods during the fourth quarter worth about $29,000. NewSquare Capital LLC grew its stake in Tyson Foods by 175.3% during the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock worth $29,000 after buying an additional 326 shares in the last quarter. Root Financial Partners LLC bought a new position in Tyson Foods in the 3rd quarter valued at about $28,000. Finally, First Command Advisory Services Inc. increased its holdings in Tyson Foods by 389.8% in the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after buying an additional 460 shares during the period. Institutional investors own 67.00% of the company’s stock.

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.