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

Tyson Foods, Inc. (NYSE:TSN) has earned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $64.2727.

A number of brokerages recently commented on TSN. Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Barclays increased their target price on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Piper Sandler raised their price target on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, JPMorgan Chase & Co. lifted their price target on Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd.

Tyson Foods Stock Performance

Shares of TSN opened at $61.83 on Tuesday. The stock has a market capitalization of $21.77 billion, a P/E ratio of 110.42, a P/E/G ratio of 1.33 and a beta of 0.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. Tyson Foods has a 1 year low of $50.56 and a 1 year high of $66.41. The company’s fifty day moving average is $62.37 and its two-hundred day moving average is $57.67.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $14.31 billion during the quarter, compared to analyst estimates of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. On average, sell-side analysts predict that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, June 1st. Tyson Foods’s payout ratio is presently 364.29%.

Hedge Funds Weigh In On Tyson Foods

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Tyson Foods by 1.5% in the second quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock valued at $2,042,085,000 after purchasing an additional 543,513 shares during the period. Pzena Investment Management LLC increased its holdings in Tyson Foods by 10.7% in the fourth quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock valued at $897,502,000 after buying an additional 1,480,987 shares in the last quarter. State Street Corp increased its holdings in Tyson Foods by 0.6% in the third quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after buying an additional 85,282 shares in the last quarter. Davis Selected Advisers lifted its position in shares of Tyson Foods by 28.8% during the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock valued at $751,951,000 after acquiring an additional 2,865,413 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Tyson Foods by 20.6% during the 4th quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock worth $475,669,000 after acquiring an additional 1,387,645 shares in the last quarter. Hedge funds and other 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.