Tyson Foods, Inc. (NYSE:TSN) Receives $60.92 Consensus Price Target from Brokerages

Shares of Tyson Foods, Inc. (NYSE:TSN) have received an average rating of “Hold” from the seventeen ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $60.9167.

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price objective for the company. Zacks Research cut shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Tyson Foods in a report on Wednesday, October 8th. JP Morgan Cazenove dropped their price objective on shares of Tyson Foods from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, July 7th. Finally, BMO Capital Markets cut their price objective on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a research report on Monday, July 28th.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $52.49 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. The stock has a market capitalization of $18.67 billion, a P/E ratio of 23.86, a P/E/G ratio of 0.86 and a beta of 0.57. The business has a 50-day moving average of $54.95 and a two-hundred day moving average of $55.90. Tyson Foods has a fifty-two week low of $51.07 and a fifty-two week high of $65.95.

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

Tyson Foods announced that its Board of Directors has approved a share buyback program on Thursday, August 7th that permits the company to repurchase 43,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Tyson Foods Dividend Announcement

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 issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 annualized dividend and a yield of 3.8%. Tyson Foods’s dividend payout ratio is 90.91%.

Institutional Trading of Tyson Foods

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Tyson Foods during the second quarter worth $246,055,000. Davis Selected Advisers boosted its position in shares of Tyson Foods by 91.4% during the 2nd quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock valued at $501,025,000 after acquiring an additional 4,276,884 shares in the last quarter. AQR Capital Management LLC increased its stake in Tyson Foods by 776.8% in the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company’s stock valued at $180,933,000 after acquiring an additional 2,518,416 shares during the period. Pacer Advisors Inc. increased its stake in Tyson Foods by 4,207.2% in the first quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company’s stock valued at $104,344,000 after acquiring an additional 1,597,272 shares during the period. Finally, Invesco Ltd. raised its position in Tyson Foods by 36.0% in the second quarter. Invesco Ltd. now owns 5,864,131 shares of the company’s stock worth $328,039,000 after purchasing an additional 1,550,812 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

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.