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

Tyson Foods, Inc. (NYSE:TSN) has received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $61.10.

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

Institutional Trading of Tyson Foods

A number of institutional investors have recently bought and sold shares of the business. 111 Capital purchased a new stake in Tyson Foods during the fourth quarter worth approximately $1,429,000. Wealth Enhancement Advisory Services LLC raised its holdings in Tyson Foods by 66.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,708 shares of the company’s stock worth $1,017,000 after purchasing an additional 7,092 shares in the last quarter. Probity Advisors Inc. lifted its position in shares of Tyson Foods by 5.0% during the 4th quarter. Probity Advisors Inc. now owns 5,390 shares of the company’s stock worth $310,000 after buying an additional 256 shares during the last quarter. Siemens Fonds Invest GmbH acquired a new position in shares of Tyson Foods in the 4th quarter valued at $65,000. Finally, Park Square Financial Group LLC purchased a new position in shares of Tyson Foods in the 4th quarter valued at $25,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of TSN opened at $63.88 on Tuesday. The firm has a 50-day simple moving average of $59.28 and a two-hundred day simple moving average of $59.60. The stock has a market cap of $22.75 billion, a PE ratio of 21.58, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods has a 1-year low of $53.61 and a 1-year high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN) last posted its earnings results 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. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter last year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts forecast that Tyson Foods will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

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

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.