Tyson Foods, Inc. (NYSE:TSN) Receives $58.20 Consensus PT from Brokerages

Shares of Tyson Foods, Inc. (NYSE:TSN) have been given a consensus rating of “Hold” by the nine research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $58.80.

Several research analysts recently issued reports on TSN shares. Piper Sandler raised their target price on Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. The Goldman Sachs Group increased their price target on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $47.00 to $62.00 in a report on Tuesday, February 6th. BMO Capital Markets increased their price target on Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. Finally, Citigroup increased their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd.

Tyson Foods Stock Up 0.5 %

Shares of NYSE:TSN opened at $58.87 on Tuesday. The firm has a market cap of $20.98 billion, a P/E ratio of -23.83, a P/E/G ratio of 0.46 and a beta of 0.77. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. Tyson Foods has a 12-month low of $44.94 and a 12-month high of $63.28. The business has a fifty day simple moving average of $55.97 and a 200 day simple moving average of $52.37.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.28. The business had revenue of $13.32 billion during the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. Tyson Foods’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. Analysts predict that Tyson Foods will post 2.33 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.33%. Tyson Foods’s dividend payout ratio is presently -79.35%.

Insider Activity

In other news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tyson Foods

Hedge funds have recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC boosted its stake in Tyson Foods by 74.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after purchasing an additional 254 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Tyson Foods by 501.9% during the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after purchasing an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. First Financial Corp IN acquired a new position in Tyson Foods during the 1st quarter valued at about $35,000. Finally, Lindbrook Capital LLC boosted its stake in Tyson Foods by 306.8% during the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

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.