Tyson Foods (NYSE:TSN) Stock Price Expected to Rise, Stephens Analyst Says

Tyson Foods (NYSE:TSN) had its price target raised by Stephens from $60.00 to $63.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms also recently weighed in on TSN. Citigroup reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday. Bank of America cut their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. UBS Group started coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective on the stock. Finally, Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research note on Tuesday. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Stock Performance

Shares of TSN opened at $57.03 on Tuesday. Tyson Foods has a 1 year low of $51.16 and a 1 year high of $66.88. The company has a market cap of $20.29 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. The firm has a fifty day moving average of $58.70 and a 200-day moving average of $60.30.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.50% and a return on equity of 6.03%. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Tyson Foods will post 3.52 earnings per share for the current year.

Tyson Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Friday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.49. Tyson Foods’s dividend payout ratio is 88.89%.

Insider Activity

In other news, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the sale, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the sale, the general counsel now owns 19,260 shares of the company’s stock, valued at $1,248,048. The trade was a 35.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 414,814 shares of company stock worth $26,450,955. Insiders own 2.03% of the company’s stock.

Institutional Trading of Tyson Foods

A number of hedge funds have recently modified their holdings of TSN. Sanctuary Advisors LLC purchased a new position in Tyson Foods during the second quarter valued at approximately $1,284,000. Czech National Bank grew its holdings in shares of Tyson Foods by 6.8% during the 3rd quarter. Czech National Bank now owns 58,224 shares of the company’s stock valued at $3,468,000 after acquiring an additional 3,717 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Tyson Foods by 24.8% in the third quarter. GAMMA Investing LLC now owns 6,596 shares of the company’s stock worth $393,000 after acquiring an additional 1,311 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Tyson Foods by 46.5% during the third quarter. Mather Group LLC. now owns 2,300 shares of the company’s stock worth $137,000 after acquiring an additional 730 shares in the last quarter. Finally, Sage Capital Advisors llc boosted its position in Tyson Foods by 0.9% during the third quarter. Sage Capital Advisors llc now owns 102,626 shares of the company’s stock valued at $6,112,000 after purchasing an additional 917 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

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.