Brokerages Set Tyson Foods, Inc. (NYSE:TSN) Price Target at $61.25

Shares of Tyson Foods, Inc. (NYSE:TSN) have received a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. Thirteen investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $61.25.

A number of research analysts recently commented on the company. Santander assumed coverage on Tyson Foods in a report on Thursday, September 25th. They issued a “neutral” rating on the stock. Stephens decreased their price target on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. BMO Capital Markets decreased their price target on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating on the stock in a research note on Monday, July 28th. Bernstein Bank cut Tyson Foods to a “market perform” rating and decreased their price target for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. assumed coverage on Tyson Foods in a research note on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price target on the stock.

Institutional Trading of Tyson Foods

A number of large investors have recently modified their holdings of TSN. Woodline Partners LP purchased a new stake in shares of Tyson Foods during the fourth quarter worth $986,000. Vise Technologies Inc. purchased a new stake in shares of Tyson Foods during the fourth quarter worth $264,000. Public Employees Retirement System of Ohio increased its position in shares of Tyson Foods by 1.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 103,228 shares of the company’s stock worth $5,929,000 after acquiring an additional 1,062 shares during the period. Toronto Dominion Bank increased its position in shares of Tyson Foods by 1.1% during the fourth quarter. Toronto Dominion Bank now owns 152,957 shares of the company’s stock worth $8,786,000 after acquiring an additional 1,659 shares during the period. Finally, Forum Financial Management LP increased its position in shares of Tyson Foods by 49.9% during the fourth quarter. Forum Financial Management LP now owns 5,984 shares of the company’s stock worth $344,000 after acquiring an additional 1,991 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.5%

TSN opened at $53.95 on Tuesday. Tyson Foods has a one year low of $51.85 and a one year high of $65.95. The stock has a market capitalization of $19.19 billion, a PE ratio of 24.52, a P/E/G ratio of 0.74 and a beta of 0.59. The business’s 50 day moving average price is $55.34 and its 200 day moving average price is $56.77. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 4th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The firm had revenue of $13.88 billion for the quarter, compared to analysts’ expectations of $13.54 billion. During the same period in the prior year, the firm posted $0.87 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Tyson Foods will post 3.8 EPS for the current year.

Tyson Foods declared that its board has approved a share repurchase program on Thursday, August 7th that permits the company to buyback 43,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, December 1st. Tyson Foods’s dividend payout ratio is 90.91%.

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.