Tyson Foods (NYSE:TSN) Hits New 12-Month Low - What's Next?

Key Points

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Shares of Tyson Foods, Inc. (NYSE:TSN - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $52.41 and last traded at $52.69, with a volume of 263800 shares. The stock had previously closed at $52.92.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TSN shares. Bernstein Bank downgraded shares of Tyson Foods to a "market perform" rating and cut their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Citigroup lifted their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Stephens decreased their target price on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. JP Morgan Cazenove decreased their target price on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, July 7th. Finally, Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and an average price target of $61.33.

Tyson Foods Price Performance

The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44. The stock has a market cap of $18.71 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 0.71 and a beta of 0.59. The business's 50-day simple moving average is $54.90 and its two-hundred day simple moving average is $57.57.

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, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The business had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.15 billion. During the same period in the previous year, the business posted $0.62 earnings per share. Tyson Foods's revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently announced 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.

Institutional Trading of Tyson Foods

A number of hedge funds have recently modified their holdings of TSN. AQR Capital Management LLC boosted its stake in Tyson Foods by 776.8% in the 1st quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company's stock worth $180,933,000 after purchasing an additional 2,518,416 shares in the last quarter. Davis Selected Advisers boosted its stake in Tyson Foods by 51.9% in the 1st quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock worth $298,604,000 after purchasing an additional 1,598,896 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Tyson Foods by 4,207.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock worth $104,344,000 after purchasing an additional 1,597,272 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Tyson Foods by 10.6% in the 1st quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after purchasing an additional 1,271,750 shares in the last quarter. Finally, Amundi boosted its stake in Tyson Foods by 96.3% in the 1st quarter. Amundi now owns 1,556,812 shares of the company's stock worth $98,951,000 after purchasing an additional 763,887 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Company Profile

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.