Tyson Foods, Inc. (NYSE:TSN) Receives $61.10 Consensus Target Price from Analysts

Shares of Tyson Foods, Inc. (NYSE:TSN) have been given a consensus rating of “Hold” by the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $61.10.

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

Institutional Trading of Tyson Foods

Several institutional investors and hedge funds have recently made changes to their positions in TSN. Norges Bank acquired a new position in Tyson Foods during the fourth quarter worth approximately $175,086,000. State Street Corp increased its holdings in shares of Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after acquiring an additional 859,351 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Tyson Foods by 83.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company’s stock valued at $69,601,000 after purchasing an additional 551,530 shares during the last quarter. GAMMA Investing LLC boosted its stake in Tyson Foods by 5,809.7% during the 1st quarter. GAMMA Investing LLC now owns 461,665 shares of the company’s stock worth $29,459,000 after purchasing an additional 453,853 shares during the period. Finally, Barclays PLC raised its holdings in shares of Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after buying an additional 446,648 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Down 2.7 %

Shares of NYSE TSN opened at $58.19 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $59.77 and its two-hundred day moving average is $59.59. Tyson Foods has a 52-week low of $53.61 and a 52-week high of $66.88. The firm has a market cap of $20.73 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 0.74 and a beta of 0.62.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Research analysts predict that Tyson Foods will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s payout ratio is 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.