Tyson Foods, Inc. (NYSE:TSN) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Tyson Foods, Inc. (NYSE:TSN - Get Free Report) have earned an average rating of "Hold" from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $61.78.

Several research firms recently commented on TSN. UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target for the company. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Citigroup lifted their target price on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Finally, Stephens upped their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th.

Tyson Foods Price Performance

Shares of TSN opened at $60.58 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods has a 1-year low of $53.61 and a 1-year high of $66.88. The stock has a market cap of $21.58 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. The firm has a fifty day moving average price of $60.76 and a 200 day moving average price of $59.72.

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

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio is currently 67.57%.

Institutional Investors Weigh In On Tyson Foods

A number of institutional investors and hedge funds have recently modified their holdings of TSN. Barclays PLC raised its stake in shares of Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after buying an additional 446,648 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Tyson Foods in the third quarter valued at about $1,241,000. Arvest Bank Trust Division acquired a new stake in shares of Tyson Foods in the third quarter valued at approximately $270,000. Tidal Investments LLC raised its position in shares of Tyson Foods by 37.5% during the 3rd quarter. Tidal Investments LLC now owns 47,059 shares of the company's stock worth $2,803,000 after purchasing an additional 12,830 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in Tyson Foods by 12.9% in the 3rd quarter. Synovus Financial Corp now owns 6,286 shares of the company's stock valued at $374,000 after buying an additional 720 shares in the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.