Brokerages Set Tyson Foods, Inc. (NYSE:TSN) Price Target at $61.78

Shares of Tyson Foods, Inc. (NYSE:TSN) have received an average rating of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $61.78.

A number of brokerages recently weighed in on TSN. Stephens upped their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. Barclays lowered their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd.

Hedge Funds Weigh In On Tyson Foods

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Tyson Foods by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company’s stock valued at $2,051,433,000 after acquiring an additional 325,361 shares during the last quarter. Geode Capital Management LLC increased its stake in Tyson Foods by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company’s stock valued at $400,712,000 after purchasing an additional 178,785 shares during the last quarter. Northern Trust Corp lifted its position in Tyson Foods by 2.6% during the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company’s stock worth $270,014,000 after buying an additional 118,402 shares during the period. Bank of New York Mellon Corp lifted its position in Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after buying an additional 427,582 shares during the period. Finally, Norges Bank purchased a new stake in Tyson Foods in the 4th quarter valued at about $175,086,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Up 1.1 %

Tyson Foods stock opened at $61.25 on Friday. The stock has a market capitalization of $21.82 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 0.74 and a beta of 0.62. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $60.86 and a two-hundred day moving average of $59.77. Tyson Foods has a twelve month low of $53.61 and a twelve month high of $66.88.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. As a group, research analysts expect that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.27%. Tyson Foods’s dividend payout ratio is currently 67.57%.

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.