Tyson Foods (NYSE:TSN) Hits New 1-Year Low - What's Next?

Tyson Foods, Inc. (NYSE:TSN - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as $53.94 and last traded at $53.98, with a volume of 472494 shares trading hands. The stock had previously closed at $54.64.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TSN shares. The Goldman Sachs Group started coverage on shares of Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 target price for the company. Stephens cut their price target 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. JPMorgan Chase & Co. cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Citigroup boosted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Finally, Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $63.11.

Tyson Foods Price Performance

The firm has a market cap of $19.11 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 0.74 and a beta of 0.59. The stock's fifty day moving average price is $55.71 and its 200-day moving average price is $57.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69.

Tyson Foods (NYSE:TSN - Get Free Report) last released 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. 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 quarter in the prior year, the firm earned $0.62 earnings per share. The company's revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

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 3.73%. The ex-dividend date is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of Tyson Foods by 14.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock valued at $693,000 after acquiring an additional 1,532 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Tyson Foods by 11.3% during the 1st quarter. Bessemer Group Inc. now owns 6,399 shares of the company's stock valued at $408,000 after acquiring an additional 651 shares during the last quarter. VELA Investment Management LLC lifted its position in Tyson Foods by 45.6% in the first quarter. VELA Investment Management LLC now owns 17,678 shares of the company's stock valued at $1,128,000 after buying an additional 5,537 shares during the last quarter. Summit Global Investments lifted its position in Tyson Foods by 212.8% in the first quarter. Summit Global Investments now owns 230,921 shares of the company's stock valued at $14,735,000 after buying an additional 157,092 shares during the last quarter. Finally, LPL Financial LLC lifted its position in Tyson Foods by 2.1% in the fourth quarter. LPL Financial LLC now owns 208,966 shares of the company's stock valued at $12,003,000 after buying an additional 4,266 shares during the last quarter. Institutional investors and hedge funds 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.

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