Tyson Foods, Inc. (NYSE:TSN) Receives $61.10 Consensus Price Target from Analysts

Tyson Foods, Inc. (NYSE:TSN) has received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $61.10.

Several equities research analysts have issued reports on the company. UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a report on Tuesday, February 4th. Barclays dropped their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Citigroup decreased their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd.

Tyson Foods Price Performance

NYSE:TSN opened at $59.96 on Friday. Tyson Foods has a one year low of $53.61 and a one year high of $66.88. The stock has a market cap of $21.36 billion, a PE ratio of 20.26, a P/E/G ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The stock has a 50 day moving average price of $58.01 and a 200 day moving average price of $59.94.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company earned $0.69 EPS. Equities research analysts expect that Tyson Foods will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Institutional Investors Weigh In On Tyson Foods

Hedge funds and other institutional investors have recently modified their holdings of the company. Park Square Financial Group LLC purchased a new position in Tyson Foods in the fourth quarter valued at $25,000. Riverview Trust Co boosted its position in shares of Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after acquiring an additional 445 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after acquiring an additional 570 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Tyson Foods during the third quarter worth approximately $36,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.