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

Tyson Foods, Inc. (NYSE:TSNGet Rating) has been given an average recommendation of “Hold” by the ten research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $98.00.

A number of brokerages recently issued reports on TSN. Barclays downgraded shares of Tyson Foods from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $95.00 to $100.00 in a report on Monday, February 14th. Zacks Investment Research downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating and set a $98.00 price target on the stock. in a report on Monday, April 11th. Bank of America increased their price target on shares of Tyson Foods from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, February 8th. BMO Capital Markets downgraded shares of Tyson Foods from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $115.00 to $99.00 in a report on Monday, March 14th. Finally, Piper Sandler downgraded shares of Tyson Foods from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $87.00 to $81.00 in a report on Tuesday, May 3rd.

In related news, Director Noel W. White sold 22,540 shares of the firm’s stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $87.19, for a total transaction of $1,965,262.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shane Miller sold 5,050 shares of Tyson Foods stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $96.00, for a total transaction of $484,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,936 shares of company stock valued at $2,752,206. 1.85% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TSN. Vanguard Group Inc. increased its position in shares of Tyson Foods by 6.4% during the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock valued at $3,332,404,000 after acquiring an additional 2,239,235 shares during the last quarter. Norges Bank acquired a new stake in shares of Tyson Foods during the fourth quarter valued at about $107,783,000. Candlestick Capital Management LP boosted its stake in shares of Tyson Foods by 2,800.0% in the fourth quarter. Candlestick Capital Management LP now owns 1,160,000 shares of the company’s stock valued at $101,106,000 after purchasing an additional 1,120,000 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Tyson Foods in the fourth quarter valued at approximately $90,879,000. Finally, Invesco Ltd. boosted its stake in shares of Tyson Foods by 33.3% in the first quarter. Invesco Ltd. now owns 3,653,878 shares of the company’s stock valued at $327,497,000 after purchasing an additional 912,421 shares during the period. Institutional investors and hedge funds own 66.94% of the company’s stock.

NYSE:TSN opened at $91.04 on Friday. The firm has a market capitalization of $33.00 billion, a P/E ratio of 8.19, a PEG ratio of 1.24 and a beta of 0.69. Tyson Foods has a 1-year low of $69.88 and a 1-year high of $100.72. The company’s fifty day moving average price is $91.05 and its 200-day moving average price is $89.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 0.86.

Tyson Foods (NYSE:TSNGet Rating) last released its quarterly earnings data on Monday, May 9th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.46. Tyson Foods had a net margin of 7.90% and a return on equity of 21.13%. The firm had revenue of $13.12 billion for the quarter, compared to analyst estimates of $12.84 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. Equities analysts anticipate that Tyson Foods will post 9.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.02%. The ex-dividend date is Wednesday, August 31st. Tyson Foods’s payout ratio is currently 16.56%.

About Tyson Foods (Get Rating)

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 live market 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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

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