Tyson Foods, Inc. (NYSE:TSN) Stock Has Consensus Price Target of $67.89

Tyson Foods, Inc. (NYSE:TSN) has been assigned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $66.78.

TSN has been the topic of a number of research reports. Wall Street Zen lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. BMO Capital Markets dropped their target price on Tyson Foods from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, September 4th. HSBC cut their target price on Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. Zacks Research downgraded Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Finally, Bank of America decreased their price target on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd.

Institutional Investors Weigh In On Tyson Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pzena Investment Management LLC grew its holdings in shares of Tyson Foods by 12.1% in 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 acquiring an additional 1,845,200 shares in the last quarter. Bank of America Corp DE boosted its position in Tyson Foods by 17.8% during the first quarter. Bank of America Corp DE now owns 1,610,663 shares of the company’s stock valued at $103,195,000 after purchasing an additional 243,060 shares during the last quarter. Quantinno Capital Management LP boosted its position in Tyson Foods by 5.2% during the first quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company’s stock valued at $82,166,000 after purchasing an additional 63,885 shares during the last quarter. Amundi grew its stake in Tyson Foods by 31.6% in the first quarter. Amundi now owns 1,225,806 shares of the company’s stock valued at $78,537,000 after purchasing an additional 294,328 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Tyson Foods by 57.8% in the first quarter. Hsbc Holdings PLC now owns 930,379 shares of the company’s stock valued at $59,560,000 after purchasing an additional 340,671 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Up 2.0%

Shares of TSN stock opened at $53.38 on Friday. Tyson Foods has a 12-month low of $49.96 and a 12-month high of $69.48. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $54.36 and a 200-day moving average of $58.96. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 32.95, a P/E/G ratio of 0.87 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. As a group, equities research analysts predict that Tyson Foods will post 3.49 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.8%. Tyson Foods’s dividend payout ratio (DPR) is 125.93%.

Tyson Foods Company Profile

Tyson Foods, Inc is a food company that produces and markets protein-based food products for retail grocery, foodservice, and industrial customers. Its principal businesses include poultry, beef, pork, and prepared foods, with products ranging from fresh and frozen meats to ready-to-eat and convenience-oriented meals.

The company’s portfolio includes Tyson-branded products as well as brands such as Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, and Sara Lee Frozen Bakery. Tyson Foods also supplies private-label and customized food products to customers in the restaurant, hospitality, institutional, and food-manufacturing sectors.

Founded by John W.