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

Tyson Foods, Inc. (NYSE:TSN) has been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $61.10.

TSN has been the topic of a number of recent research reports. UBS Group started coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective on the stock. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup decreased their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Barclays dropped their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd.

Tyson Foods Stock Up 2.4 %

Shares of NYSE TSN opened at $63.88 on Tuesday. The business has a 50-day moving average price of $59.28 and a 200 day moving average price of $59.60. The stock has a market cap of $22.75 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods has a 52-week low of $53.61 and a 52-week high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. Equities research analysts forecast that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio is presently 67.57%.

Institutional Investors Weigh In On Tyson Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of TSN. Norges Bank purchased a new position in shares of Tyson Foods in the 4th quarter valued at about $175,086,000. State Street Corp grew its position in Tyson Foods by 6.9% during the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after buying an additional 859,351 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Tyson Foods by 83.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company’s stock valued at $69,601,000 after buying an additional 551,530 shares in the last quarter. Barclays PLC lifted its position in shares of Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after acquiring an additional 446,648 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Tyson Foods by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after acquiring an additional 427,582 shares in the last quarter. Institutional investors and hedge funds 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.