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

Tyson Foods, Inc. (NYSE:TSN - Get Free Report) has received an average rating of "Hold" from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $62.63.

A number of equities research analysts recently issued reports on the stock. Stephens dropped their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Citigroup upped their price objective on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th.

Tyson Foods Stock Down 1.7%

Shares of NYSE TSN opened at $54.75 on Friday. The stock has a market cap of $19.50 billion, a PE ratio of 18.50, a P/E/G ratio of 0.74 and a beta of 0.60. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods has a 12-month low of $53.91 and a 12-month high of $66.88. The company has a 50-day moving average of $57.67 and a 200 day moving average of $58.70.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. The firm had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.15 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. As a group, sell-side analysts predict that Tyson Foods will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.65%. Tyson Foods's payout ratio is presently 77.82%.

Hedge Funds Weigh In On Tyson Foods

Several hedge funds have recently bought and sold shares of TSN. Apollon Wealth Management LLC purchased a new position in shares of Tyson Foods in the fourth quarter valued at approximately $228,000. Kingsview Wealth Management LLC lifted its holdings in Tyson Foods by 7.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 5,410 shares of the company's stock worth $311,000 after buying an additional 376 shares in the last quarter. Empowered Funds LLC boosted its position in Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after buying an additional 18,059 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of Tyson Foods by 84.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 12,216 shares of the company's stock worth $702,000 after acquiring an additional 5,580 shares during the period. Finally, Savant Capital LLC raised its stake in shares of Tyson Foods by 19.8% in the fourth quarter. Savant Capital LLC now owns 16,137 shares of the company's stock valued at $927,000 after acquiring an additional 2,668 shares in the last quarter. Institutional investors and hedge funds 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.

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