Tyson Foods (NYSE:TSN) Hits New 52-Week Low at $72.20

Shares of Tyson Foods, Inc. (NYSE:TSNGet Rating) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $72.20 and last traded at $72.66, with a volume of 3474 shares traded. The stock had previously closed at $73.06.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of analyst reports. Stephens cut their target price on Tyson Foods from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, August 9th. StockNews.com downgraded Tyson Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 13th. Sanford C. Bernstein dropped their price objective on Tyson Foods to $101.00 in a research note on Monday, August 15th. Barclays dropped their price objective on Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 9th. Finally, Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $79.00 price objective for the company in a research note on Tuesday, August 9th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $93.13.

Tyson Foods Stock Up 0.1 %

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 0.85. The firm has a 50-day simple moving average of $81.70 and a two-hundred day simple moving average of $86.86. The company has a market cap of $26.59 billion, a PE ratio of 6.64 and a beta of 0.70.

Tyson Foods (NYSE:TSNGet Rating) last released its quarterly earnings results on Monday, August 8th. The company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.03). The company had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.25 billion. Tyson Foods had a return on equity of 18.42% and a net margin of 7.75%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.70 EPS. Research analysts anticipate that Tyson Foods, Inc. will post 9.02 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.49%. The ex-dividend date is Wednesday, November 30th. Tyson Foods’s payout ratio is 16.53%.

Institutional Investors Weigh In On Tyson Foods

Several hedge funds have recently made changes to their positions in TSN. HighTower Advisors LLC boosted its holdings in shares of Tyson Foods by 25.5% during the fourth quarter. HighTower Advisors LLC now owns 138,973 shares of the company’s stock worth $12,118,000 after purchasing an additional 28,272 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Tyson Foods during the fourth quarter worth $418,000. Aviva PLC boosted its holdings in shares of Tyson Foods by 10.2% during the fourth quarter. Aviva PLC now owns 96,797 shares of the company’s stock worth $8,437,000 after purchasing an additional 8,998 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Tyson Foods by 96.1% during the fourth quarter. Teacher Retirement System of Texas now owns 92,468 shares of the company’s stock worth $8,060,000 after purchasing an additional 45,319 shares during the last quarter. Finally, Paradigm Financial Partners LLC acquired a new stake in shares of Tyson Foods during the fourth quarter worth $877,000. Institutional investors and hedge funds own 68.55% of the company’s stock.

About Tyson Foods

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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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