Citigroup Issues Pessimistic Forecast for Tyson Foods (NYSE:TSN) Stock Price

Tyson Foods (NYSE:TSN) had its target price reduced by Citigroup from $63.00 to $61.00 in a research report report published on Friday morning. Citigroup currently has a neutral rating on the stock.

Several other equities analysts have also issued reports on the company. Stephens lifted their price target on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. UBS Group initiated coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. BMO Capital Markets increased their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Piper Sandler boosted their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. Finally, Barclays cut their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.80.

Tyson Foods Stock Down 0.4 %

TSN stock opened at $56.54 on Friday. The business has a 50 day moving average of $58.82 and a 200 day moving average of $60.31. The firm has a market cap of $20.12 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 0.85 and a beta of 0.81. Tyson Foods has a twelve month low of $51.16 and a twelve month high of $66.88. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Tyson Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Friday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.49. Tyson Foods’s dividend payout ratio is 88.89%.

Insider Buying and Selling at Tyson Foods

In related news, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the transaction, the insider now directly owns 10,625 shares in the company, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the sale, the general counsel now directly owns 19,260 shares of the company’s stock, valued at $1,248,048. This represents a 35.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 414,814 shares of company stock valued at $26,450,955. 2.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after purchasing an additional 352,863 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Tyson Foods by 14.0% during the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock valued at $3,248,000 after purchasing an additional 6,955 shares during the period. Mizuho Securities USA LLC lifted its stake in shares of Tyson Foods by 517.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock valued at $8,114,000 after buying an additional 114,179 shares in the last quarter. Everence Capital Management Inc. bought a new position in Tyson Foods in the 4th quarter worth $775,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Tyson Foods in the 3rd quarter worth $1,036,000. 67.00% of the stock is currently owned by institutional investors.

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.