Analysts Set Tyson Foods, Inc. (NYSE:TSN) PT at $60.75

by · The Cerbat Gem

Tyson Foods, Inc. (NYSE:TSN – Get Free Report) has received a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $60.75.

A number of brokerages have weighed in on TSN. Santander began coverage on shares of Tyson Foods in a research note on Thursday, September 25th. They set a “neutral” rating for the company. BMO Capital Markets upped their price objective on Tyson Foods from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, November 11th. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price target for the company. Finally, Bank of America lowered their price objective on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th.

Read Our Latest Research Report on Tyson Foods

Tyson Foods Stock Up 3.2%

Tyson Foods stock opened at $59.53 on Friday. Tyson Foods has a 12 month low of $50.56 and a 12 month high of $64.36. The stock has a fifty day simple moving average of $54.04 and a two-hundred day simple moving average of $54.83. The company has a current ratio of 1.55, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. The firm has a market cap of $21.02 billion, a price-to-earnings ratio of 44.76, a PEG ratio of 1.32 and a beta of 0.47.

Tyson Foods (NYSE:TSN – Get Free Report) last issued its earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. The business had revenue of $13.86 billion during the quarter, compared to analyst estimates of $14.08 billion. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.Tyson Foods’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS. Equities analysts predict that Tyson Foods will post 3.8 EPS for the current fiscal year.

Tyson Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s payout ratio is presently 153.38%.

Insiders Place Their Bets

In other Tyson Foods news, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $58.05, for a total value of $5,822,473.05. Following the completion of the sale, the chairman owned 2,989,415 shares in the company, valued at $173,535,540.75. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total value of $373,965.41. Following the transaction, the chief financial officer directly owned 31,833 shares in the company, valued at approximately $1,820,529.27. The trade was a 17.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tyson Foods

Institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. raised its position in Tyson Foods by 14.9% during the first quarter. Federated Hermes Inc. now owns 6,424 shares of the company’s stock valued at $410,000 after purchasing an additional 834 shares during the period. US Bancorp DE lifted its position in Tyson Foods by 9.4% in the first quarter. US Bancorp DE now owns 18,568 shares of the company’s stock worth $1,185,000 after buying an additional 1,596 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in Tyson Foods during the first quarter worth $786,000. Vanguard Group Inc. raised its stake in shares of Tyson Foods by 0.7% in the first quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company’s stock valued at $2,294,697,000 after acquiring an additional 247,051 shares during the period. Finally, ASR Vermogensbeheer N.V. purchased a new stake in shares of Tyson Foods in the first quarter valued at $1,548,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Company Profile

(Get Free Report)

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.

Further Reading