Tyson Foods, Inc. (NYSE:TSN) Receives Average Recommendation of "Reduce" from Brokerages

Shares of Tyson Foods, Inc. (NYSE:TSN - Get Free Report) have been assigned a consensus rating of "Reduce" from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $59.22.

A number of analysts have commented on TSN shares. Citigroup decreased their target price on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Stephens assumed coverage on shares of Tyson Foods in a research note on Thursday, October 3rd. They issued an "equal weight" rating and a $57.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 6th. Barclays increased their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research report on Monday, September 9th. Finally, StockNews.com upgraded Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th.

Tyson Foods Price Performance

Shares of NYSE:TSN traded down $0.23 on Friday, reaching $58.36. 1,890,039 shares of the company were exchanged, compared to its average volume of 1,715,426. The company has a 50-day moving average of $60.85 and a 200-day moving average of $59.71. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of -972.67, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78. Tyson Foods has a 1-year low of $45.13 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.22. The company had revenue of $13.35 billion during the quarter, compared to analysts' expectations of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share. Equities analysts forecast that Tyson Foods will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods's dividend payout ratio is presently -3,266.67%.

Institutional Investors Weigh In On Tyson Foods

Hedge funds and other institutional investors have recently made changes to their positions in the business. Catalyst Capital Advisors LLC grew its holdings in Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock valued at $35,000 after buying an additional 210 shares during the period. Pittenger & Anderson Inc. purchased a new stake in Tyson Foods in the first quarter valued at approximately $42,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock worth $44,000 after purchasing an additional 561 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Tyson Foods in the 2nd quarter valued at $54,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Tyson Foods during the 3rd quarter valued at $59,000. Hedge funds and other institutional investors 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.