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

Shares of Tyson Foods, Inc. (NYSE:TSN) have earned a consensus recommendation of “Reduce” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $59.22.

A number of research analysts have recently commented on the stock. Bank of America cut their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Piper Sandler cut shares of Tyson Foods from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. Barclays upped their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. BMO Capital Markets upped their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th.

Institutional Trading of Tyson Foods

Several large investors have recently added to or reduced their stakes in TSN. First Financial Corp IN bought a new stake in shares of Tyson Foods during the first quarter valued at approximately $35,000. Pittenger & Anderson Inc. bought a new stake in shares of Tyson Foods during the first quarter valued at approximately $42,000. Mather Group LLC. bought a new stake in shares of Tyson Foods during the first quarter valued at approximately $49,000. Hantz Financial Services Inc. bought a new stake in shares of Tyson Foods during the second quarter valued at approximately $54,000. Finally, Tompkins Financial Corp grew its stake in shares of Tyson Foods by 42.1% during the first quarter. Tompkins Financial Corp now owns 989 shares of the company’s stock valued at $58,000 after purchasing an additional 293 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Down 0.5 %

Tyson Foods stock opened at $58.23 on Tuesday. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of -32.71, a P/E/G ratio of 0.34 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. Tyson Foods has a fifty-two week low of $44.94 and a fifty-two week high of $66.88. The firm has a fifty day moving average price of $61.97 and a two-hundred day moving average price of $59.64.

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

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.37%. Tyson Foods’s dividend payout ratio is -110.11%.

Tyson Foods Company Profile

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.