Tyson Foods (NYSE:TSN) Coverage Initiated at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Tyson Foods (NYSE:TSN) in a research note released on Wednesday, Marketbeat.com reports. The firm issued a neutral rating and a $60.00 price target on the stock.

Other research analysts have also issued reports about the stock. Stephens dropped their price objective on shares of Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Sanford C. Bernstein lowered shares of Tyson Foods from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. BMO Capital Markets dropped their price objective on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a research note on Monday, July 28th. Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Finally, JP Morgan Cazenove lowered their target price on shares of Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday, July 7th. Two investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.25.

Tyson Foods Trading Down 0.3%

Shares of TSN opened at $56.5580 on Wednesday. The company’s fifty day moving average is $55.06 and its 200 day moving average is $57.56. Tyson Foods has a fifty-two week low of $51.85 and a fifty-two week high of $66.88. The stock has a market capitalization of $20.12 billion, a PE ratio of 25.71, a P/E/G ratio of 0.78 and a beta of 0.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. The company had revenue of $13.88 billion for the quarter, compared to analysts’ expectations of $13.54 billion. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. Tyson Foods’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. Sell-side analysts expect that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.50 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. Tyson Foods’s payout ratio is currently 90.91%.

Tyson Foods declared that its Board of Directors has approved a share buyback program on Thursday, August 7th that permits the company to repurchase 43,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Tyson Foods

A number of large investors have recently added to or reduced their stakes in TSN. Park Square Financial Group LLC acquired a new position in shares of Tyson Foods during the fourth quarter valued at about $25,000. Zions Bancorporation National Association UT acquired a new position in shares of Tyson Foods during the first quarter valued at about $28,000. Curat Global LLC acquired a new position in shares of Tyson Foods during the first quarter valued at about $28,000. NewSquare Capital LLC increased its holdings in shares of Tyson Foods by 175.3% during the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after acquiring an additional 326 shares in the last quarter. Finally, Matrix Trust Co increased its holdings in shares of Tyson Foods by 28,200.0% during the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock valued at $32,000 after acquiring an additional 564 shares in the last quarter. 67.00% of the stock is currently owned by 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.