Brokerages Set Tyson Foods, Inc. (NYSE:TSN) Price Target at $58.20

Shares of Tyson Foods, Inc. (NYSE:TSN) have received a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $58.80.

Several research firms have weighed in on TSN. Stephens reiterated an “overweight” rating and set a $70.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 6th. The Goldman Sachs Group lifted their target price on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday. Piper Sandler lifted their target price on shares of Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. lifted their target price on shares of Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Finally, Bank of America raised shares of Tyson Foods from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th.

Insider Activity at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.05% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TSN. Sugarloaf Wealth Management LLC lifted its position in Tyson Foods by 74.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after acquiring an additional 254 shares during the last quarter. Manchester Capital Management LLC lifted its position in Tyson Foods by 501.9% during the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after acquiring an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the last quarter. First Financial Corp IN acquired a new position in Tyson Foods during the 1st quarter worth $35,000. Finally, Lindbrook Capital LLC lifted its position in Tyson Foods by 306.8% during the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.5 %

Tyson Foods stock opened at $58.87 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. The firm has a market cap of $20.98 billion, a price-to-earnings ratio of -23.83, a price-to-earnings-growth ratio of 0.46 and a beta of 0.77. Tyson Foods has a 1 year low of $44.94 and a 1 year high of $63.28. The firm’s 50 day moving average price is $55.97 and its two-hundred day moving average price is $52.37.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The firm had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, research analysts predict that Tyson Foods will post 2.33 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, May 31st. Tyson Foods’s payout ratio is presently -79.35%.

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.