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

Shares of Tyson Foods, Inc. (NYSE:TSN) have received an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $61.44.

Several research analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Bank of America dropped their target price on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. JPMorgan Chase & Co. upped their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Barclays lifted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in Tyson Foods by 5,292.3% in the 4th quarter. International Assets Investment Management LLC now owns 19,520 shares of the company’s stock valued at $1,049,000 after acquiring an additional 19,158 shares during the period. Private Advisor Group LLC increased its holdings in Tyson Foods by 61.0% in the fourth quarter. Private Advisor Group LLC now owns 11,370 shares of the company’s stock valued at $611,000 after purchasing an additional 4,306 shares during the period. Principal Securities Inc. bought a new position in Tyson Foods during the 4th quarter worth $67,000. AGF Management Ltd. bought a new stake in shares of Tyson Foods in the 4th quarter valued at about $432,000. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Tyson Foods by 8.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,470 shares of the company’s stock valued at $402,000 after buying an additional 594 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

NYSE:TSN opened at $61.80 on Friday. Tyson Foods has a 12-month low of $44.94 and a 12-month high of $66.88. The firm has a market capitalization of $21.99 billion, a price-to-earnings ratio of -34.72, a P/E/G ratio of 0.43 and a beta of 0.78. The stock’s 50 day moving average price is $61.79 and its two-hundred day moving average price is $59.23. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 EPS. On average, analysts anticipate that Tyson Foods will post 2.82 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.17%. Tyson Foods’s dividend payout ratio is presently -110.11%.

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.