Brokerages Set Tyson Foods, Inc. (NYSE:TSN) Price Target at $61.10

Tyson Foods, Inc. (NYSE:TSN - Get Free Report) has received a consensus rating of "Hold" from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $61.10.

A number of equities research analysts have commented on the company. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a research report on Tuesday, February 4th. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Citigroup cut their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Barclays cut their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st.

Institutional Investors Weigh In On Tyson Foods

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new stake in Tyson Foods in the fourth quarter worth about $25,000. Riverview Trust Co grew its position in shares of Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after buying an additional 445 shares during the period. Brooklyn Investment Group raised its stake in shares of Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after buying an additional 570 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after buying an additional 229 shares during the period. Finally, Ossiam boosted its stake in Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

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Tyson Foods Price Performance

Shares of NYSE:TSN traded down $0.34 during trading hours on Tuesday, hitting $62.77. 1,527,781 shares of the company's stock traded hands, compared to its average volume of 2,298,311. Tyson Foods has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The company's fifty day simple moving average is $59.41 and its two-hundred day simple moving average is $59.61. The company has a market cap of $22.36 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS. As a group, equities analysts anticipate that Tyson Foods will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.19%. Tyson Foods's payout ratio is 67.57%.

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.