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

Shares of Tyson Foods, Inc. (NYSE:TSN - Get Free Report) have been assigned an average rating of "Hold" from the eleven brokerages that are currently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $61.10.

A number of brokerages have recently commented on TSN. Stephens lifted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Citigroup decreased their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a research report on Tuesday, February 4th. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research report on Wednesday, November 13th. Finally, HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd.

Tyson Foods Stock Down 0.3 %

Tyson Foods stock traded down $0.16 during mid-day trading on Monday, reaching $57.62. The company's stock had a trading volume of 2,448,831 shares, compared to its average volume of 2,403,680. The company has a market capitalization of $20.52 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80. Tyson Foods has a 12 month low of $51.24 and a 12 month high of $66.88. The business's 50 day simple moving average is $57.79 and its 200 day simple moving average is $60.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.11.

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

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is 67.57%.

Insiders Place Their Bets

In other news, Chairman John H. Tyson sold 185,394 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the transaction, the chairman now directly owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares of the company's stock, valued at $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 392,031 shares of company stock worth $25,022,233 in the last quarter. 2.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tyson Foods

Several hedge funds and other institutional investors have recently made changes to their positions in TSN. Norges Bank acquired a new position in shares of Tyson Foods in the 4th quarter valued at approximately $175,086,000. State Street Corp raised its position in shares of Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after buying an additional 859,351 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Tyson Foods by 83.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock valued at $69,601,000 after buying an additional 551,530 shares in the last quarter. Barclays PLC raised its position in shares of Tyson Foods by 66.1% in the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after buying an additional 446,648 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after buying an additional 427,582 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

About Tyson Foods

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.