Tyson Foods, Inc. (NYSE:TSN) Given Consensus Rating of “Reduce” by Brokerages

Tyson Foods, Inc. (NYSE:TSN) has been given an average recommendation of “Reduce” by the nine brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $59.22.

Several analysts have commented on the stock. BMO Capital Markets boosted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price target on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Barclays boosted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, Piper Sandler lowered shares of Tyson Foods from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $57.00 to $50.00 in a research report on Wednesday, September 25th.

Tyson Foods Stock Down 0.4 %

TSN stock opened at $58.36 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The firm has a market cap of $20.77 billion, a PE ratio of -972.67, a P/E/G ratio of 0.38 and a beta of 0.78. Tyson Foods has a 12 month low of $45.13 and a 12 month high of $66.88. The firm has a 50 day simple moving average of $60.85 and a 200 day simple moving average of $59.70.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same quarter in the previous year, the business earned $0.15 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts forecast that Tyson Foods will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.36%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio is currently -3,266.67%.

Hedge Funds Weigh In On Tyson Foods

Several institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in Tyson Foods by 0.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after buying an additional 128,274 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after acquiring an additional 1,939,508 shares during the last quarter. Davis Selected Advisers acquired a new stake in Tyson Foods in the second quarter worth about $177,439,000. Jacobs Levy Equity Management Inc. lifted its position in Tyson Foods by 5.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,894,219 shares of the company’s stock valued at $111,247,000 after purchasing an additional 91,627 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after purchasing an additional 398,404 shares during the last quarter. 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.