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

Tyson Foods, Inc. (NYSE:TSN) has earned an average recommendation of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $60.9167.

Several research analysts have commented on TSN shares. Sanford C. Bernstein lowered Tyson Foods from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. began coverage on Tyson Foods in a research note on Wednesday, August 20th. They set a “neutral” rating and a $60.00 target price for the company. Zacks Research downgraded Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. BMO Capital Markets decreased their price target on 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. Finally, Stephens decreased their price target on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th.

Institutional Investors Weigh In On Tyson Foods

A number of hedge funds have recently made changes to their positions in TSN. Harbor Capital Advisors Inc. raised its holdings in shares of Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after buying an additional 228 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Tyson Foods during the first quarter valued at approximately $28,000. NewSquare Capital LLC raised 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 buying an additional 326 shares during the last quarter. Matrix Trust Co raised its holdings in Tyson Foods by 28,200.0% during the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares in the last quarter. Finally, First Command Advisory Services Inc. raised its holdings in Tyson Foods by 389.8% during the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after purchasing an additional 460 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.7%

Shares of TSN opened at $52.71 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $18.75 billion, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 0.86 and a beta of 0.57. The stock’s fifty day simple moving average is $54.77 and its 200 day simple moving average is $55.85. Tyson Foods has a twelve month low of $51.07 and a twelve month high of $65.95.

Tyson Foods (NYSE:TSN) last issued its 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 business had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, December 1st. Tyson Foods’s payout ratio is presently 90.91%.

Tyson Foods announced that its board has authorized a share buyback plan on Thursday, August 7th that allows the company to buyback 43,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management 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.