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

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

A number of research firms have commented on TSN. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. BMO Capital Markets set a $67.00 price objective on shares of Tyson Foods and gave the company an “outperform” rating in a report on Thursday, January 8th. Bank of America reduced their price objective on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Piper Sandler increased their target price on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th.

Tyson Foods Trading Up 0.9%

Shares of NYSE TSN opened at $61.67 on Monday. Tyson Foods has a twelve month low of $50.56 and a twelve month high of $64.36. The firm has a market cap of $21.77 billion, a PE ratio of 46.37, a price-to-earnings-growth ratio of 1.38 and a beta of 0.48. The business has a fifty day simple moving average of $57.91 and a two-hundred day simple moving average of $55.55. 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 quarterly earnings results on Monday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. The business had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.08 billion. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. Analysts expect that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. Tyson Foods’s dividend payout ratio is currently 153.38%.

Insider Buying and Selling at Tyson Foods

In other news, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was 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 represents a 17.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $58.05, for a total value 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. The trade was a 3.25% decrease in their position. The SEC filing for this sale provides additional information. 2.11% of the stock is currently owned by insiders.

Institutional Trading of Tyson Foods

A number of institutional investors have recently bought and sold shares of TSN. Norges Bank purchased a new position in shares of Tyson Foods in the second quarter worth $246,055,000. Davis Selected Advisers raised its stake in Tyson Foods by 91.4% in the 2nd quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock worth $501,025,000 after acquiring an additional 4,276,884 shares during the last quarter. AQR Capital Management LLC grew its stake in Tyson Foods by 76.1% during the 2nd quarter. AQR Capital Management LLC now owns 5,006,787 shares of the company’s stock valued at $277,326,000 after purchasing an additional 2,164,160 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Tyson Foods by 36.0% in the second quarter. Invesco Ltd. now owns 5,864,131 shares of the company’s stock valued at $328,039,000 after purchasing an additional 1,550,812 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Tyson Foods by 877.2% in the third quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company’s stock worth $74,574,000 after purchasing an additional 1,232,835 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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.