Tyson Foods, Inc. (NYSE:TSN) Receives $60.11 Average PT from Analysts

Shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $60.11.

A number of equities analysts have commented on the stock. Piper Sandler dropped their target price on shares of Tyson Foods from $62.00 to $49.00 in a research note on Tuesday, May 9th. Credit Suisse Group dropped their target price on shares of Tyson Foods from $75.00 to $58.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 7th. Barclays dropped their target price on shares of Tyson Foods from $58.00 to $52.00 in a research note on Tuesday, May 9th. The Goldman Sachs Group dropped their target price on shares of Tyson Foods from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, April 20th. Finally, Bank of America dropped their price objective on shares of Tyson Foods from $56.00 to $48.00 in a research note on Tuesday, May 9th.

Tyson Foods Stock Up 0.3 %

Shares of NYSE TSN opened at $50.11 on Friday. The firm’s 50-day moving average price is $57.54 and its 200-day moving average price is $61.29. The company has a current ratio of 1.66, a quick ratio of 0.63 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of 12.02 and a beta of 0.75. Tyson Foods has a 12-month low of $47.11 and a 12-month high of $92.32.

Tyson Foods (NYSE:TSN – Get Rating) last issued its quarterly earnings results on Monday, May 8th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.80 by ($0.84). The firm had revenue of $13.13 billion for the quarter, compared to the consensus estimate of $13.62 billion. Tyson Foods had a net margin of 2.81% and a return on equity of 8.04%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.29 earnings per share. On average, equities research analysts anticipate that Tyson Foods will post 2.21 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.48 dividend. The ex-dividend date is Thursday, August 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.83%. Tyson Foods’s dividend payout ratio is currently 46.04%.

Insider Buying and Selling

In other Tyson Foods news, CEO Donnie King bought 10,350 shares of Tyson Foods stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average price of $48.35 per share, with a total value of $500,422.50. Following the completion of the acquisition, the chief executive officer now directly owns 195,478 shares in the company, valued at approximately $9,451,361.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tyson Foods news, CEO Donnie King bought 10,350 shares of Tyson Foods stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average price of $48.35 per share, with a total value of $500,422.50. Following the completion of the acquisition, the chief executive officer now directly owns 195,478 shares in the company, valued at approximately $9,451,361.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brady J. Stewart bought 2,040 shares of Tyson Foods stock in a transaction that occurred on Tuesday, May 9th. The shares were acquired at an average cost of $48.89 per share, with a total value of $99,735.60. Following the acquisition, the insider now owns 57,478 shares of the company’s stock, valued at $2,810,099.42. The disclosure for this purchase can be found here. Insiders acquired a total of 37,890 shares of company stock valued at $1,849,118 over the last 90 days. Insiders own 1.96% of the company’s stock.

Institutional Trading of Tyson Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc increased its stake in Tyson Foods by 3.9% during the 3rd quarter. Ensign Peak Advisors Inc now owns 751,311 shares of the company’s stock worth $49,534,000 after buying an additional 28,014 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in Tyson Foods in the 4th quarter valued at $349,000. Toronto Dominion Bank boosted its stake in Tyson Foods by 5.5% during the 4th quarter. Toronto Dominion Bank now owns 158,730 shares of the company’s stock worth $9,875,000 after purchasing an additional 8,221 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Tyson Foods by 12.2% during the third quarter. IFP Advisors Inc now owns 6,346 shares of the company’s stock worth $491,000 after buying an additional 688 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in shares of Tyson Foods in the fourth quarter valued at about $461,000. Institutional investors and hedge funds own 66.64% of the company’s stock.

Tyson Foods Company Profile

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Tyson Foods, Inc engages in the production of frozen and refrigerated food products. It operates through the following segments: Beef, Pork, Chicken, and Prepared Foods. The Beef segment includes processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products.