Tyson Foods, Inc. (NYSE:TSN) Receives Average Recommendation of “Hold” from Analysts

Shares of Tyson Foods, Inc. (NYSE:TSN) have been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $60.22.

Several equities research analysts have recently commented on TSN shares. HSBC boosted their price target on shares of Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a report on Tuesday, May 7th. Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. BMO Capital Markets upped their price objective on shares of Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a report on Tuesday, May 7th. The Goldman Sachs Group upped their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, Citigroup increased their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd.

Institutional Investors Weigh In On Tyson Foods

Hedge funds have recently modified their holdings of the company. First Financial Corp IN purchased a new stake in shares of Tyson Foods in the first quarter valued at about $35,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Tyson Foods by 47.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the period. Pittenger & Anderson Inc. purchased a new position in shares of Tyson Foods in the first quarter valued at approximately $42,000. Lindbrook Capital LLC raised its holdings in Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after acquiring an additional 214 shares in the last quarter. Finally, Stone House Investment Management LLC acquired a new stake in Tyson Foods in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

TSN stock opened at $57.14 on Friday. Tyson Foods has a 12 month low of $44.94 and a 12 month high of $62.04. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $58.37 and a 200 day moving average price of $56.22. The stock has a market cap of $20.40 billion, a PE ratio of -32.10, a P/E/G ratio of 0.41 and a beta of 0.75.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The company had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.16 billion. During the same quarter last year, the business posted ($0.04) EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts anticipate that Tyson Foods will post 2.58 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.

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.