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

Tyson Foods, Inc. (NYSE:TSN - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven research firms that are currently covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $63.11.

TSN has been the topic of a number of research analyst reports. Stephens dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Citigroup boosted their price target on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group began coverage on shares of Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target on the stock.

Tyson Foods Trading Down 0.8%

Shares of NYSE TSN traded down $0.43 during midday trading on Thursday, reaching $54.65. 2,972,485 shares of the stock were exchanged, compared to its average volume of 2,446,644. The business has a 50-day simple moving average of $55.83 and a two-hundred day simple moving average of $57.94. The company has a market capitalization of $19.47 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 0.74 and a beta of 0.59. Tyson Foods has a 12 month low of $54.01 and a 12 month high of $66.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The firm had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.15 billion. During the same period in the prior year, the business earned $0.62 EPS. The company's revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities research analysts expect that Tyson Foods will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.66%. Tyson Foods's payout ratio is 77.82%.

Institutional Trading of Tyson Foods

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Tyson Foods by 0.7% during the first quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company's stock worth $2,294,697,000 after purchasing an additional 247,051 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Tyson Foods by 10.6% in the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock valued at $846,379,000 after purchasing an additional 1,271,750 shares during the period. Geode Capital Management LLC grew its stake in Tyson Foods by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock valued at $400,712,000 after acquiring an additional 178,785 shares in the last quarter. Northern Trust Corp grew its stake in Tyson Foods by 0.8% during the first quarter. Northern Trust Corp now owns 4,737,737 shares of the company's stock valued at $302,315,000 after acquiring an additional 36,941 shares in the last quarter. Finally, Davis Selected Advisers grew its stake in Tyson Foods by 51.9% during the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock valued at $298,604,000 after acquiring an additional 1,598,896 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

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.