Tyson Foods (NYSE:TSN) Now Covered by Analysts at Mizuho

Mizuho assumed coverage on shares of Tyson Foods (NYSE:TSN) in a report issued on Thursday, Marketbeat reports. The firm issued an outperform rating and a $72.00 price target on the stock.

TSN has been the topic of a number of other reports. Sanford C. Bernstein restated a “market perform” rating and set a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. Barclays increased their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. JPMorgan Chase & Co. cut their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Piper Sandler increased their price target on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus price target of $64.75.

Tyson Foods Price Performance

Shares of TSN opened at $62.94 on Thursday. Tyson Foods has a one year low of $50.56 and a one year high of $66.41. The stock’s fifty day moving average is $62.72 and its 200-day moving average is $57.89. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The firm has a market capitalization of $22.16 billion, a price-to-earnings ratio of 112.40, a price-to-earnings-growth ratio of 1.35 and a beta of 0.47.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data 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). The company 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 business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 EPS. Equities analysts anticipate that Tyson Foods will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.51 per share. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. Tyson Foods’s dividend payout ratio (DPR) is 364.29%.

Institutional Trading of Tyson Foods

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

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.