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

Shares of Tyson Foods, Inc. (NYSE:TSN - Get Free Report) have received a consensus recommendation of "Hold" from the ten brokerages that are currently covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $62.63.

A number of equities research analysts have recently issued reports on TSN shares. Citigroup boosted their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. StockNews.com lowered Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. Stephens dropped their price target on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Finally, Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd.

Tyson Foods Trading Up 1.3%

Shares of Tyson Foods stock opened at $56.76 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a market cap of $20.22 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63. The business has a fifty day simple moving average of $59.61 and a 200-day simple moving average of $59.51. Tyson Foods has a fifty-two week low of $53.61 and a fifty-two week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share. On average, equities analysts forecast that Tyson Foods will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.52%. The ex-dividend date is Friday, August 29th. Tyson Foods's payout ratio is currently 77.82%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TSN. Park Square Financial Group LLC bought a new stake in shares of Tyson Foods during the 4th quarter worth about $25,000. Riverview Trust Co boosted its stake in shares of Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after acquiring an additional 445 shares in the last quarter. Curat Global LLC bought a new stake in shares of Tyson Foods during the 1st quarter worth about $28,000. Zions Bancorporation National Association UT bought a new stake in shares of Tyson Foods during the 1st quarter worth about $28,000. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after acquiring an additional 229 shares in the last quarter. 67.00% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.