Tyson Foods (NYSE:TSN) Price Target Cut to $61.00 by Analysts at Stephens

Tyson Foods (NYSE:TSN) had its price target cut by Stephens from $63.00 to $61.00 in a research report report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also issued reports on TSN. Barclays lowered their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Citigroup raised their price objective on Tyson Foods from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, April 15th. UBS Group began coverage on Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $61.33.

Tyson Foods Stock Down 0.5 %

Tyson Foods stock opened at $55.81 on Tuesday. The business’s 50-day moving average price is $60.66 and its 200 day moving average price is $59.72. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a market cap of $19.88 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63. Tyson Foods has a 52 week low of $53.61 and a 52 week high of $66.88.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.15 billion. During the same quarter last year, the company earned $0.62 EPS. The business’s revenue was up .0% on a year-over-year basis. As a group, sell-side analysts anticipate that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 yield of 3.58%. Tyson Foods’s dividend payout ratio is presently 67.57%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in Tyson Foods during the fourth quarter worth $175,086,000. Pacer Advisors Inc. grew its holdings in shares of 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 purchasing an additional 1,597,272 shares during the period. Pzena Investment Management LLC increased its position in Tyson Foods by 10.6% during the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company’s stock worth $846,379,000 after purchasing an additional 1,271,750 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Tyson Foods by 83.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company’s stock worth $69,601,000 after purchasing an additional 551,530 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Tyson Foods by 5,809.7% in the 1st quarter. GAMMA Investing LLC now owns 461,665 shares of the company’s stock valued at $29,459,000 after purchasing an additional 453,853 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Company Profile

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.