Tyson Foods, Inc. (NYSE:TSN) Receives $62.63 Consensus Target Price from Analysts

Tyson Foods, Inc. (NYSE:TSN - Get Free Report) has been assigned a consensus rating of "Hold" from the ten research firms that are presently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $62.63.

Several equities research analysts recently commented on TSN shares. JPMorgan Chase & Co. lowered their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Stephens reduced their target price on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Finally, Citigroup boosted their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th.

Tyson Foods Stock Down 0.7%

NYSE:TSN traded down $0.41 on Friday, hitting $54.32. 2,275,180 shares of the company's stock traded hands, compared to its average volume of 2,406,868. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. Tyson Foods has a 1 year low of $54.01 and a 1 year high of $66.88. The firm has a 50-day moving average price of $57.40 and a 200-day moving average price of $58.53. The company has a market cap of $19.35 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 0.72 and a beta of 0.60.

Tyson Foods (NYSE:TSN - Get Free Report) last announced 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 business 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 7.43% and a net margin of 1.70%. The firm's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. Equities analysts anticipate that Tyson Foods will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.68%. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Tyson Foods in the fourth quarter valued at $175,086,000. AQR Capital Management LLC raised its stake in shares of Tyson Foods by 776.8% in the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company's stock valued at $180,933,000 after purchasing an additional 2,518,416 shares in the last quarter. Davis Selected Advisers raised its stake in shares of Tyson Foods by 51.9% in the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock valued at $298,604,000 after purchasing an additional 1,598,896 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Tyson Foods by 4,207.2% in the first quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock valued at $104,344,000 after purchasing an additional 1,597,272 shares in the last quarter. Finally, Pzena Investment Management LLC raised its stake 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 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.