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

Key Points

• Analysts maintain a “Hold” consensus on Tyson Foods, with eight hold, four buy and one sell rating among 13 analysts. The average 12-month price target is $70.67, above the reported share price of $56.38.
• Tyson’s latest quarterly results met expectations with adjusted EPS of $0.99, but revenue of $13.87 billion fell short of the $14.07 billion consensus and declined slightly year over year.
• The company declared a quarterly dividend of $0.51, or $2.04 annualized, representing a 3.6% yield. Institutional investors own approximately 67% of the stock.

Tyson Foods, Inc. (NYSE:TSN - Get Free Report) has been assigned a consensus rating of "Hold" from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $70.6667.

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings cut shares of Tyson Foods from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, July 9th. HSBC reduced their price target on Tyson Foods from $74.00 to $69.00 and set a "hold" rating for the company in a report on Wednesday, July 29th. Stephens upped their price objective on Tyson Foods from $65.00 to $70.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 5th. Zacks Research lowered Tyson Foods from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 6th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th.

Tyson Foods Price Performance

Shares of TSN opened at $56.38 on Friday. The company has a market cap of $19.83 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 1.20 and a beta of 0.40. Tyson Foods has a 1-year low of $50.56 and a 1-year high of $69.48. The company's fifty day simple moving average is $57.77 and its 200 day simple moving average is $61.69. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36.

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

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, December 1st. Tyson Foods's dividend payout ratio is 125.93%.

Hedge Funds Weigh In On Tyson Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSN. Pzena Investment Management LLC raised its position in shares of Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company's stock valued at $1,099,167,000 after purchasing an additional 1,845,200 shares during the period. State Street Corp boosted its holdings in shares of Tyson Foods by 0.6% during the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company's stock worth $764,309,000 after buying an additional 85,282 shares during the period. Davis Selected Advisers boosted its holdings in shares of Tyson Foods by 28.8% during the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company's stock worth $751,951,000 after buying an additional 2,865,413 shares during the period. AQR Capital Management LLC grew its stake in Tyson Foods by 20.6% in the 4th quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company's stock valued at $475,669,000 after buying an additional 1,387,645 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Tyson Foods by 1.4% in the 4th quarter. Invesco Ltd. now owns 6,055,876 shares of the company's stock valued at $354,995,000 after buying an additional 83,861 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

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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