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

Shares of Tyson Foods, Inc. (NYSE:TSN) have received an average recommendation of “Hold” from the eleven analysts that are currently 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 1-year price target among brokerages that have updated their coverage on the stock in the last year is $61.10.

TSN has been the subject of a number of recent analyst reports. UBS Group began coverage on Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target for the company. Citigroup decreased their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Stephens increased their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. BMO Capital Markets raised their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $61.54 on Friday. The business has a 50-day simple moving average of $57.92 and a 200-day simple moving average of $59.94. The company has a market cap of $21.92 billion, a PE ratio of 20.79, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods has a one year low of $53.61 and a one year high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.25%. Tyson Foods’s payout ratio is 67.57%.

Hedge Funds Weigh In On Tyson Foods

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after acquiring an additional 352,863 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock worth $286,000 after purchasing an additional 729 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Tyson Foods by 14.0% during the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after purchasing an additional 6,955 shares during the period. Empowered Funds LLC grew its position in Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock valued at $1,395,000 after buying an additional 18,059 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its stake in Tyson Foods by 517.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock valued at $8,114,000 after buying an additional 114,179 shares during the period. 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.