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

Shares of Tyson Foods, Inc. (NYSE:TSN) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $60.00.

TSN has been the subject of a number of research analyst reports. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and increased their target price for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. StockNews.com lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, July 20th. The Goldman Sachs Group increased their price objective on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. increased their price objective on Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. Finally, BMO Capital Markets increased their price objective on Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a report on Tuesday, May 7th.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $60.86 on Thursday. The stock has a fifty day moving average price of $57.51 and a two-hundred day moving average price of $56.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77. The firm has a market cap of $21.73 billion, a P/E ratio of -34.19, a PEG ratio of 0.46 and a beta of 0.74. Tyson Foods has a 1 year low of $44.94 and a 1 year high of $62.04.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23. The business had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The company’s revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted ($0.04) EPS. Research analysts forecast that Tyson Foods will post 2.61 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s dividend payout ratio is presently -110.11%.

Hedge Funds Weigh In On Tyson Foods

Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Tyson Foods by 7.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock valued at $6,293,000 after buying an additional 7,921 shares during the period. Retirement Systems of Alabama grew its holdings in shares of Tyson Foods by 0.5% in the 1st quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock valued at $3,712,000 after buying an additional 337 shares during the period. Pzena Investment Management LLC boosted its stake in Tyson Foods by 8.2% in the 4th quarter. Pzena Investment Management LLC now owns 5,887,724 shares of the company’s stock worth $316,465,000 after purchasing an additional 446,904 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Tyson Foods by 100.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock worth $606,000 after purchasing an additional 5,175 shares during the period. Finally, Eisler Capital UK Ltd. acquired a new position in Tyson Foods in the 4th quarter worth $1,399,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

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.