Analysts Set Tyson Foods, Inc. (NYSE:TSN) Price Target at $64.27

Shares of Tyson Foods, Inc. (NYSE:TSN) have been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $64.2727.

A number of analysts have recently commented on TSN shares. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. BMO Capital Markets boosted their price target on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Piper Sandler upped their price target on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Argus upgraded Tyson Foods to a “hold” rating in a report on Friday, February 6th. Finally, Barclays lifted their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd.

Hedge Funds Weigh In On Tyson Foods

Hedge funds have recently made changes to their positions in the business. IFP Advisors Inc boosted its position in Tyson Foods by 10.3% during the 4th quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock worth $98,000 after purchasing an additional 157 shares during the period. IFM Investors Pty Ltd raised its position in Tyson Foods by 0.4% in the fourth quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock valued at $2,376,000 after purchasing an additional 159 shares during the period. Deseret Mutual Benefit Administrators lifted its stake in shares of Tyson Foods by 4.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock worth $231,000 after purchasing an additional 166 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Tyson Foods by 10.6% during the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after purchasing an additional 179 shares in the last quarter. Finally, Matrix Trust Co boosted its position in shares of Tyson Foods by 28.8% in the fourth quarter. Matrix Trust Co now owns 818 shares of the company’s stock worth $48,000 after buying an additional 183 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

TSN opened at $59.00 on Tuesday. Tyson Foods has a 1 year low of $50.56 and a 1 year high of $66.41. The company’s 50 day simple moving average is $62.62 and its 200 day simple moving average is $57.74. The stock has a market capitalization of $20.77 billion, a PE ratio of 105.35, a P/E/G ratio of 1.35 and a beta of 0.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). The company had revenue of $14.31 billion for the quarter, compared to analyst estimates of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company posted $1.14 EPS. As a group, sell-side analysts expect that Tyson Foods will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, June 1st. Tyson Foods’s payout ratio is currently 364.29%.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.