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

Posted by on May 28th, 2022

Shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) have earned a consensus rating of “Hold” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $98.00.

TSN has been the topic of several analyst reports. Bank of America lifted their price target on shares of Tyson Foods from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 8th. Barclays cut shares of Tyson Foods from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $95.00 to $100.00 in a research note on Monday, February 14th. StockNews.com cut shares of Tyson Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 13th. Piper Sandler cut shares of Tyson Foods from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $87.00 to $81.00 in a research note on Tuesday, May 3rd. Finally, Credit Suisse Group lifted their target price on shares of Tyson Foods from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 8th.

In other news, EVP Amy Tu sold 3,346 shares of the business’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $90.30, for a total value of $302,143.80. Following the sale, the executive vice president now directly owns 51,381 shares in the company, valued at approximately $4,639,704.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Noel W. White sold 22,540 shares of the business’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $87.19, for a total transaction of $1,965,262.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,936 shares of company stock worth $2,752,206. 1.85% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Tyson Foods by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after buying an additional 2,239,235 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Tyson Foods by 3.3% during the 1st quarter. BlackRock Inc. now owns 21,532,930 shares of the company’s stock worth $1,929,996,000 after purchasing an additional 690,099 shares during the period. State Street Corp boosted its stake in shares of Tyson Foods by 1.8% during the 1st quarter. State Street Corp now owns 14,557,461 shares of the company’s stock worth $1,304,785,000 after purchasing an additional 264,159 shares during the period. Geode Capital Management LLC boosted its stake in shares of Tyson Foods by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 5,975,278 shares of the company’s stock worth $520,055,000 after purchasing an additional 83,521 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Tyson Foods by 2.8% during the 4th quarter. Victory Capital Management Inc. now owns 5,796,752 shares of the company’s stock worth $505,244,000 after purchasing an additional 155,745 shares during the period. Hedge funds and other institutional investors own 66.94% of the company’s stock.

Shares of TSN stock opened at $91.04 on Friday. Tyson Foods has a 12-month low of $69.88 and a 12-month high of $100.72. The company has a current ratio of 1.93, a quick ratio of 0.86 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $91.05 and its 200 day moving average is $89.41. The stock has a market capitalization of $33.00 billion, a P/E ratio of 8.19, a P/E/G ratio of 1.24 and a beta of 0.69.

Tyson Foods (NYSE:TSN – Get Rating) last issued its earnings results on Monday, May 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.46. The company had revenue of $13.12 billion for the quarter, compared to analysts’ expectations of $12.84 billion. Tyson Foods had a net margin of 7.90% and a return on equity of 21.13%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted $1.34 earnings per share. As a group, equities analysts predict that Tyson Foods will post 9.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.84 dividend on an annualized basis and a yield of 2.02%. Tyson Foods’s dividend payout ratio is currently 16.56%.

About Tyson Foods (Get Rating)

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 live market 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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

Featured Stories

Analyst Recommendations for Tyson Foods (NYSE:TSN)

Want More Great Investing Ideas?

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.