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

Shares of Tyson Foods, Inc. (NYSE:TSN) have earned an average rating of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $64.2727.

Several research analysts have issued reports on TSN shares. Barclays lifted their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Argus raised Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. BMO Capital Markets upped their target price on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. 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 report on Friday, December 12th.

Tyson Foods Trading Up 0.5%

Shares of TSN stock opened at $64.31 on Friday. The stock has a 50-day simple moving average of $61.07 and a 200 day simple moving average of $56.97. The stock has a market capitalization of $22.64 billion, a P/E ratio of 114.84, a P/E/G ratio of 1.41 and a beta of 0.48. Tyson Foods has a fifty-two week low of $50.56 and a fifty-two week high of $66.41. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41.

Tyson Foods (NYSE:TSN) last issued its quarterly 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). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The business had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter last year, the firm posted $1.14 earnings per share. Tyson Foods’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

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

Insider Activity at Tyson Foods

In other Tyson Foods news, Chairman John H. Tyson sold 100,301 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the sale, the chairman directly owned 2,989,415 shares in the company, valued at approximately $173,535,540.75. This trade represents a 3.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total value of $373,965.41. Following the transaction, the chief financial officer directly owned 31,833 shares in the company, valued at approximately $1,820,529.27. This trade represents a 17.04% decrease in their position. The SEC filing for this sale provides additional information. 2.11% of the stock is currently owned by corporate insiders.

Institutional Trading of Tyson Foods

Several institutional investors have recently made changes to their positions in TSN. Harbor Capital Advisors Inc. increased its stake 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 worth $26,000 after acquiring an additional 228 shares during the last quarter. Root Financial Partners LLC purchased a new position in Tyson Foods in the third quarter valued at about $28,000. NewSquare Capital LLC increased its position in Tyson Foods by 175.3% in the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock worth $29,000 after purchasing an additional 326 shares during the last quarter. City Holding Co. purchased a new stake in shares of Tyson Foods during the 4th quarter worth about $29,000. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Tyson Foods by 62.3% during the 4th 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 during 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.