Tyson Foods, Inc. (NYSE:TSN) Receives Average Rating of “Hold” from Brokerages

Tyson Foods, Inc. (NYSE:TSN) has been given a consensus rating of “Hold” by the thirteen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $70.6667.

TSN has been the topic of several analyst reports. Zacks Research lowered Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Sanford C. Bernstein decreased their price target on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research report on Thursday, July 2nd. Piper Sandler restated an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, HSBC decreased their target price on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th.

Tyson Foods Trading Down 0.7%

Shares of NYSE:TSN opened at $58.17 on Friday. Tyson Foods has a 12-month low of $50.56 and a 12-month high of $69.48. The business’s fifty day simple moving average is $57.83 and its 200-day simple moving average is $61.55. The company has a market capitalization of $20.47 billion, a PE ratio of 35.91, a P/E/G ratio of 1.25 and a beta of 0.40. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $14.07 billion. During the same period in the prior year, the business posted $0.91 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities research analysts predict that Tyson Foods will post 3.95 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm 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 of this dividend is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. Tyson Foods’s dividend payout ratio is presently 125.93%.

Institutional Trading of Tyson Foods

Several hedge funds and other institutional investors have recently made changes to their positions in TSN. Quantinno Capital Management LP increased its stake 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 acquiring an additional 63,885 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Tyson Foods by 2.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 609,977 shares of the company’s stock valued at $35,403,000 after purchasing an additional 14,858 shares during the period. Pzena Investment Management LLC lifted its position in Tyson Foods by 10.7% during the fourth quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock valued at $897,502,000 after purchasing an additional 1,480,987 shares during the period. Swiss National Bank boosted its holdings in Tyson Foods by 6.1% in the first quarter. Swiss National Bank now owns 830,700 shares of the company’s stock valued at $53,223,000 after purchasing an additional 47,900 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in Tyson Foods by 10.6% in the second quarter. Wedge Capital Management L L P NC now owns 621,639 shares of the company’s stock valued at $35,589,000 after purchasing an additional 59,451 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

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.