Tyson Foods (NYSE:TSN) Downgraded by StockNews.com to “Hold”

Tyson Foods (NYSE:TSNGet Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other analysts also recently issued reports on TSN. BMO Capital Markets decreased their price target on Tyson Foods from $99.00 to $90.00 in a report on Tuesday, August 9th. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $79.00 price target for the company in a report on Tuesday, August 9th. They noted that the move was a valuation call. Sanford C. Bernstein decreased their price target on Tyson Foods to $101.00 in a report on Monday, August 15th. Stephens cut their target price on Tyson Foods from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 9th. Finally, Argus cut Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average target price of $93.13.

Tyson Foods Trading Down 0.4 %

NYSE:TSN opened at $71.01 on Friday. The firm has a market cap of $25.54 billion, a PE ratio of 6.38 and a beta of 0.70. The stock has a fifty day moving average price of $79.42 and a 200 day moving average price of $85.45. Tyson Foods has a 12-month low of $70.76 and a 12-month high of $100.72. The company has a current ratio of 1.99, a quick ratio of 0.85 and a debt-to-equity ratio of 0.42.

Tyson Foods (NYSE:TSNGet Rating) last announced its quarterly earnings results on Monday, August 8th. The company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.03). The business had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.25 billion. Tyson Foods had a return on equity of 18.42% and a net margin of 7.75%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $2.70 earnings per share. Sell-side analysts anticipate that Tyson Foods will post 8.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tyson Foods

Several institutional investors have recently added to or reduced their stakes in TSN. Schroder Investment Management Group increased its position in Tyson Foods by 90.7% in the 4th quarter. Schroder Investment Management Group now owns 40,272 shares of the company’s stock valued at $3,509,000 after acquiring an additional 19,159 shares during the period. Mutual Advisors LLC boosted its holdings in Tyson Foods by 35.7% in the 4th quarter. Mutual Advisors LLC now owns 7,821 shares of the company’s stock valued at $682,000 after purchasing an additional 2,058 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Tyson Foods by 2.5% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 32,285 shares of the company’s stock valued at $2,814,000 after purchasing an additional 796 shares in the last quarter. Blair William & Co. IL purchased a new stake in Tyson Foods in the 4th quarter valued at approximately $204,000. Finally, Nuveen Asset Management LLC boosted its holdings in Tyson Foods by 4.3% in the 4th quarter. Nuveen Asset Management LLC now owns 1,105,252 shares of the company’s stock valued at $96,335,000 after purchasing an additional 45,109 shares in the last quarter. Institutional investors and hedge funds own 68.55% of the company’s stock.

About Tyson Foods

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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.

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