Shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) have been given an average recommendation of “Reduce” by the nine analysts that are presently covering the firm, MarketBeat reports. Two equity research analysts have rated the stock with a sell rating, six have been given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $59.89.
A number of brokerages have recently issued reports on TSN. The Goldman Sachs Group reduced their price objective on shares of Tyson Foods from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, April 20th. Piper Sandler lowered their price objective on shares of Tyson Foods from $62.00 to $49.00 in a research report on Tuesday, May 9th. Bank of America decreased their price target on shares of Tyson Foods from $56.00 to $48.00 in a research note on Tuesday, May 9th. Sanford C. Bernstein dropped their price objective on Tyson Foods from $75.00 to $64.00 in a research note on Tuesday, May 9th. Finally, Barclays decreased their target price on Tyson Foods from $52.00 to $50.00 in a research report on Thursday, June 1st.
Tyson Foods Price Performance
Shares of NYSE:TSN opened at $50.39 on Wednesday. The company has a 50 day moving average of $54.73 and a 200 day moving average of $59.24. The stock has a market cap of $17.92 billion, a P/E ratio of 12.08 and a beta of 0.76. Tyson Foods has a 12 month low of $47.11 and a 12 month high of $88.76. The company has a current ratio of 1.66, a quick ratio of 0.63 and a debt-to-equity ratio of 0.40.
Tyson Foods (NYSE:TSN – Get Rating) last issued its quarterly earnings results on Monday, May 8th. The company reported earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.84). Tyson Foods had a net margin of 2.81% and a return on equity of 8.04%. The business had revenue of $13.13 billion for the quarter, compared to analysts’ expectations of $13.62 billion. During the same period last year, the business earned $2.29 earnings per share. The company’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts forecast that Tyson Foods will post 1.48 EPS for the current fiscal year.
Tyson Foods Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Thursday, August 31st. Tyson Foods’s payout ratio is 46.04%.
Insider Transactions at Tyson Foods
In related news, Director Kevin M. Mcnamara purchased 20,500 shares of Tyson Foods stock in a transaction dated Friday, May 12th. The shares were acquired at an average price of $48.92 per share, with a total value of $1,002,860.00. Following the completion of the transaction, the director now owns 115,670 shares of the company’s stock, valued at approximately $5,658,576.40. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other Tyson Foods news, CEO Donnie King bought 10,350 shares of Tyson Foods stock in a transaction dated Thursday, May 11th. The stock was bought at an average price of $48.35 per share, for a total transaction of $500,422.50. Following the completion of the acquisition, the chief executive officer now directly owns 195,478 shares of the company’s stock, valued at $9,451,361.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kevin M. Mcnamara bought 20,500 shares of the stock in a transaction on Friday, May 12th. The stock was purchased at an average price of $48.92 per share, for a total transaction of $1,002,860.00. Following the purchase, the director now directly owns 115,670 shares of the company’s stock, valued at $5,658,576.40. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 37,890 shares of company stock valued at $1,849,118. 1.96% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in TSN. GHP Investment Advisors Inc. boosted its stake in Tyson Foods by 79.7% in the third quarter. GHP Investment Advisors Inc. now owns 372 shares of the company’s stock worth $25,000 after purchasing an additional 165 shares in the last quarter. CI Investments Inc. raised its stake in shares of Tyson Foods by 1,002.9% in the third quarter. CI Investments Inc. now owns 386 shares of the company’s stock worth $25,000 after acquiring an additional 351 shares during the last quarter. RFP Financial Group LLC bought a new position in shares of Tyson Foods in the fourth quarter worth about $25,000. Glass Jacobson Investment Advisors llc bought a new position in shares of Tyson Foods in the fourth quarter worth about $26,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Tyson Foods in the first quarter worth about $28,000. 66.64% of the stock is owned by institutional investors.
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 live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as 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.
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