Tyson Foods (NYSE:TSN) Given New $65.00 Price Target at JPMorgan Chase & Co.

Tyson Foods (NYSE:TSN) had its price target reduced by JPMorgan Chase & Co. from $67.00 to $65.00 in a report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Piper Sandler raised 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. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Barclays upped their price target on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Finally, Argus raised Tyson Foods to a “hold” rating in a report on Friday, February 6th. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $64.09.

Tyson Foods Trading Up 1.9%

Tyson Foods stock opened at $60.84 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. Tyson Foods has a 12 month low of $50.56 and a 12 month high of $66.41. The stock’s 50 day simple moving average is $62.64 and its two-hundred day simple moving average is $57.83. The firm has a market cap of $21.42 billion, a PE ratio of 108.64, a P/E/G ratio of 1.32 and a beta of 0.47.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. During the same period last year, the firm earned $1.14 earnings per share. Tyson Foods’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts anticipate that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors 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 3.4%. The ex-dividend date is Monday, June 1st. Tyson Foods’s dividend payout ratio is 364.29%.

Institutional Investors Weigh In On Tyson Foods

Several institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its position in shares of Tyson Foods by 93.1% in the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after acquiring an additional 228 shares in the last quarter. City Holding Co. purchased a new stake in shares of Tyson Foods during the fourth quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC raised its stake in Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares during the last quarter. Root Financial Partners LLC acquired a new position in Tyson Foods in the 3rd quarter valued at $28,000. Finally, Activest Wealth Management lifted its holdings in Tyson Foods by 3,842.9% in the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after purchasing an additional 538 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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.