Tyson Foods, Inc. (NYSE:TSN) Given Average Rating of “Hold” by Analysts

Shares of Tyson Foods, Inc. (NYSE:TSN) have been given an average rating of “Hold” by the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $61.25.

Several research firms have recently weighed in on TSN. Sanford C. Bernstein downgraded Tyson Foods from an “outperform” rating to a “market perform” rating and cut their target price for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price objective for the company. The Goldman Sachs Group began coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They issued a “buy” rating and a $67.00 price objective for the company. Stephens decreased their price objective on shares of Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Finally, Bernstein Bank downgraded shares of Tyson Foods to a “market perform” rating and decreased their price objective for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd.

Hedge Funds Weigh In On Tyson Foods

Several institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. grew its holdings in Tyson Foods by 42.8% in the second quarter. Osaic Holdings Inc. now owns 105,862 shares of the company’s stock worth $6,120,000 after purchasing an additional 31,709 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Tyson Foods by 55.3% in the second quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock worth $3,273,000 after purchasing an additional 20,888 shares during the last quarter. Cape Investment Advisory Inc. grew its holdings in Tyson Foods by 1,505.7% in the second quarter. Cape Investment Advisory Inc. now owns 2,810 shares of the company’s stock worth $157,000 after purchasing an additional 2,635 shares during the last quarter. Advisory Services Network LLC grew its holdings in Tyson Foods by 32.4% in the second quarter. Advisory Services Network LLC now owns 37,691 shares of the company’s stock worth $1,971,000 after purchasing an additional 9,223 shares during the last quarter. Finally, State of Wyoming grew its holdings in Tyson Foods by 326.7% in the second quarter. State of Wyoming now owns 6,695 shares of the company’s stock worth $375,000 after purchasing an additional 5,126 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

TSN stock opened at $54.15 on Tuesday. The stock’s 50 day simple moving average is $55.32 and its 200 day simple moving average is $56.83. The stock has a market capitalization of $19.26 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 0.74 and a beta of 0.59. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. Tyson Foods has a 12-month low of $51.85 and a 12-month high of $65.95.

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

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s payout ratio is currently 90.91%.

Tyson Foods announced that its board has authorized a stock buyback plan on Thursday, August 7th that authorizes the company to buyback 43,000,000 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.