Tyson Foods, Inc. (NYSE:TSN) Given Consensus Rating of “Hold” by Brokerages

Shares of Tyson Foods, Inc. (NYSE:TSN) have earned an average recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $70.6667.

A number of research firms have recently commented on TSN. Stephens lifted their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Zacks Research lowered shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Bank of America dropped their target price on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Sanford C. Bernstein decreased their price target on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a report on Thursday, July 2nd. Finally, Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th.

Tyson Foods Price Performance

NYSE TSN opened at $58.36 on Friday. Tyson Foods has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The stock’s 50-day moving average is $57.93 and its two-hundred day moving average is $61.46. The firm has a market cap of $20.53 billion, a P/E ratio of 36.02, a price-to-earnings-growth ratio of 1.96 and a beta of 0.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.55.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts anticipate that Tyson Foods will post 3.95 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 1st. Tyson Foods’s payout ratio is currently 125.93%.

Institutional Trading of Tyson Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC raised its stake in Tyson Foods by 12.1% during the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after purchasing an additional 1,845,200 shares during the last quarter. State Street Corp lifted its position in shares of Tyson Foods by 0.6% during the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock worth $764,309,000 after buying an additional 85,282 shares during the period. Davis Selected Advisers lifted its holdings in shares of Tyson Foods by 28.8% during the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock valued at $751,951,000 after acquiring an additional 2,865,413 shares during the period. AQR Capital Management LLC boosted its position in Tyson Foods by 20.6% in the fourth quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock valued at $475,669,000 after buying an additional 1,387,645 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Tyson Foods by 1.4% in the 4th quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock worth $354,995,000 after acquiring an additional 83,861 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.