Tyson Foods (NYSE:TSN) Price Target Raised to $70.00

Tyson Foods (NYSE:TSN) had its price target upped by Stephens from $65.00 to $70.00 in a report issued on Tuesday,Benzinga reports. Stephens currently has an equal weight rating on the stock.

A number of other research firms also recently weighed in on TSN. Piper Sandler restated an “overweight” rating and issued a $80.00 price target on shares of Tyson Foods in a research note on Monday. Argus upgraded shares of Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a research note on Tuesday, February 3rd. Mizuho assumed coverage on shares of Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $68.27.

Tyson Foods Trading Down 0.4%

TSN opened at $67.84 on Tuesday. The company’s 50 day moving average is $63.35 and its 200-day moving average is $60.08. Tyson Foods has a 1-year low of $50.56 and a 1-year high of $69.48. The company has a current ratio of 1.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44. The company has a market cap of $23.88 billion, a P/E ratio of 53.42, a PEG ratio of 1.41 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same period last year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts predict that Tyson Foods will post 4.08 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio (DPR) is 160.63%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TSN. IFP Advisors Inc raised its holdings 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 last quarter. IFM Investors Pty Ltd raised its stake in Tyson Foods by 0.4% during the fourth quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock worth $2,376,000 after buying an additional 159 shares during the last quarter. Deseret Mutual Benefit Administrators raised its stake in 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 buying an additional 166 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in 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 buying an additional 179 shares during the last quarter. Finally, Matrix Trust Co raised its stake in Tyson Foods by 28.8% during 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 last quarter. Institutional investors own 67.00% of the company’s stock.

About Tyson Foods

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.