Tyson Foods, Inc. (NYSE:TSN) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts rate Tyson Foods “Hold” overall: Of 13 analysts, eight recommend holding, four recommend buying and one recommends selling. The average 12-month price target is $69.44, though several firms recently lowered their targets.
• Tyson shares opened at $51.47, near the company’s 12-month low of $50.56 and below both its 50-day and 200-day moving averages. The company reported quarterly EPS of $0.99, in line with estimates, while revenue of $13.87 billion fell short of expectations.
• Tyson declared a quarterly dividend of $0.51 per share, equivalent to $2.04 annually and a 4.0% yield. Institutional investors and hedge funds own approximately 67% of the company’s stock.

Shares of Tyson Foods, Inc. (NYSE:TSN - Get Free Report) have earned a consensus recommendation of "Hold" from the thirteen analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $69.4444.

A number of equities analysts have recently issued reports on TSN shares. Barclays dropped their target price on Tyson Foods from $78.00 to $75.00 and set an "overweight" rating for the company in a report on Friday. Bank of America decreased their price target on Tyson Foods from $70.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, July 2nd. Weiss Ratings cut Tyson Foods from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, July 9th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Finally, HSBC reduced their target price on shares of Tyson Foods from $74.00 to $69.00 and set a "hold" rating on the stock in a research note on Wednesday, July 29th.

Institutional Trading of Tyson Foods

Several hedge funds have recently modified their holdings of the company. Empowered Funds LLC raised its position in Tyson Foods by 15.6% in the 1st quarter. Empowered Funds LLC now owns 28,076 shares of the company's stock valued at $1,792,000 after purchasing an additional 3,788 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Tyson Foods by 40.8% in the first quarter. Woodline Partners LP now owns 24,178 shares of the company's stock valued at $1,543,000 after buying an additional 7,011 shares during the last quarter. Focus Partners Wealth lifted its position in Tyson Foods by 84.0% during the 1st quarter. Focus Partners Wealth now owns 12,597 shares of the company's stock worth $804,000 after buying an additional 5,749 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in Tyson Foods by 100.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company's stock worth $414,000 after acquiring an additional 3,702 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Tyson Foods by 129.2% in the 2nd quarter. Cerity Partners LLC now owns 85,939 shares of the company's stock valued at $4,807,000 after acquiring an additional 48,451 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $51.47 on Tuesday. The firm has a market cap of $18.11 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 1.72 and a beta of 0.38. The firm's 50-day simple moving average is $57.47 and its 200-day simple moving average is $60.66. Tyson Foods has a twelve month low of $50.56 and a twelve month high of $69.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. As a group, research analysts expect that Tyson Foods will post 3.95 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.51 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 4.0%. Tyson Foods's payout ratio is 125.93%.

Tyson Foods Company Profile

Tyson Foods, Inc NYSE: TSN is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world's largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company's product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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