Tyson Foods (NYSE:TSN) Coverage Initiated by Analysts at Stephens

Stephens assumed coverage on shares of Tyson Foods (NYSE:TSN) in a report published on Thursday, Marketbeat reports. The brokerage issued an equal weight rating and a $57.00 price objective on the stock.

A number of other equities research analysts also recently commented on the company. StockNews.com upgraded Tyson Foods from a hold rating to a buy rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a neutral rating in a research report on Tuesday, August 6th. Bank of America decreased their target price on Tyson Foods from $62.00 to $60.00 and set a neutral rating on the stock in a research report on Wednesday, July 10th. BMO Capital Markets boosted their target price on Tyson Foods from $58.00 to $60.00 and gave the stock a market perform rating in a research report on Tuesday, August 6th. Finally, Piper Sandler downgraded Tyson Foods from a neutral rating to an underweight rating and decreased their target price for the stock from $57.00 to $50.00 in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $59.22.

Tyson Foods Stock Performance

NYSE:TSN opened at $58.07 on Thursday. The stock has a 50-day simple moving average of $62.02 and a two-hundred day simple moving average of $59.59. Tyson Foods has a 52-week low of $44.94 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The firm has a market capitalization of $20.73 billion, a PE ratio of -32.62, a P/E/G ratio of 0.41 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. Analysts forecast that Tyson Foods will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.38%. Tyson Foods’s payout ratio is -110.11%.

Institutional Investors Weigh In On Tyson Foods

Several hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in shares of Tyson Foods by 13.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock worth $103,000 after buying an additional 198 shares during the period. Ridgewood Investments LLC raised its holdings in shares of Tyson Foods by 0.8% in the first quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock worth $1,512,000 after buying an additional 199 shares during the period. Unison Advisors LLC raised its holdings in shares of Tyson Foods by 0.8% in the second quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock worth $1,460,000 after buying an additional 214 shares during the period. Caprock Group LLC raised its holdings in shares of Tyson Foods by 2.5% in the second quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock worth $546,000 after buying an additional 235 shares during the period. Finally, WealthTrust Asset Management LLC raised its holdings in shares of Tyson Foods by 1.2% in the second quarter. WealthTrust Asset Management LLC now owns 20,363 shares of the company’s stock worth $1,164,000 after buying an additional 242 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

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.