Tyson Foods (NYSE:TSN) Hits New 12-Month Low – Here’s What Happened

Tyson Foods, Inc. (NYSE:TSN) reached a new 52-week low on Tuesday. The company traded as low as $50.50 and last traded at $51.0130, with a volume of 104882 shares trading hands. The stock had previously closed at $50.95.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein cut their price objective on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a report on Thursday, July 2nd. Wall Street Zen cut Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research downgraded Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. raised Tyson Foods from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $65.00 to $63.00 in a research note on Friday, September 18th. Finally, Barclays reduced their price target on shares of Tyson Foods from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, September 4th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $67.89.

Tyson Foods Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.55. The firm has a market capitalization of $17.97 billion, a P/E ratio of 31.58, a P/E/G ratio of 0.89 and a beta of 0.38. The firm’s 50 day simple moving average is $55.66 and its two-hundred day simple moving average is $59.51.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. The firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. As a group, analysts predict that Tyson Foods, Inc. will post 3.53 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 annualized dividend and a yield of 4.0%. Tyson Foods’s dividend payout ratio is currently 125.93%.

Hedge Funds Weigh In On Tyson Foods

A number of large investors have recently bought and sold shares of TSN. Ascentis Independent Advisors bought a new stake in Tyson Foods in the first quarter valued at approximately $30,000. Basecamp Wealth Advisors LLC grew its holdings in shares of Tyson Foods by 272.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock worth $30,000 after purchasing an additional 341 shares during the last quarter. Cedar Mountain Advisors LLC grew its holdings in shares of Tyson Foods by 293.5% in the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock worth $31,000 after purchasing an additional 364 shares during the last quarter. Archer Investment Corp purchased a new position in shares of Tyson Foods in the second quarter worth $31,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Tyson Foods by 846.8% in the first quarter. Meeder Asset Management Inc. now owns 729 shares of the company’s stock worth $47,000 after buying an additional 652 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Company Profile

Tyson Foods, Inc is a food company that produces and markets protein-based foods for retail, foodservice and industrial customers. Its principal businesses include chicken, beef, pork and prepared foods, with products ranging from fresh and frozen meats to ready-to-eat and ready-to-prepare meals.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair, as well as private-label offerings. Tyson Foods also supplies restaurants, schools, hospitals and other institutional customers, and operates processing, distribution and related food production facilities in the United States and select international markets.

Tyson Foods traces its origins to 1935, when John W.