Weiss Ratings Reiterates "Hold (C)" Rating for Tyson Foods (NYSE:TSN)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Tyson Foods (NYSE:TSN), indicating a cautious outlook amidst recent trading fluctuations.
• Tyson Foods' stock decreased by 3.4%, trading at $52.39, with institutional investors holding 67.00% of the company's shares.
• The company reported $0.91 EPS for the last quarter, surpassing analysts' estimates, with revenues of $13.88 billion, a 4% increase year-over-year.

Tyson Foods (NYSE:TSN - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently weighed in on the company. JP Morgan Cazenove decreased their price objective on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Monday, July 7th. Bernstein Bank downgraded 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. Santander began coverage on Tyson Foods in a research report on Thursday, September 25th. They issued a "neutral" rating on the stock. Zacks Research cut shares of Tyson Foods from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 1st. Finally, BMO Capital Markets decreased their price target on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Tyson Foods has a consensus rating of "Hold" and an average target price of $60.92.

Tyson Foods Stock Down 3.4%

Tyson Foods stock traded down $1.82 during midday trading on Wednesday, reaching $52.39. The stock had a trading volume of 4,094,361 shares, compared to its average volume of 2,713,611. Tyson Foods has a 1-year low of $51.85 and a 1-year high of $65.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. The firm's fifty day simple moving average is $55.38 and its 200-day simple moving average is $56.54. The stock has a market capitalization of $18.64 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 0.71 and a beta of 0.57.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. The company had revenue of $13.88 billion for the quarter, compared to the consensus estimate of $13.54 billion. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The firm's revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. As a group, analysts expect that Tyson Foods will post 3.8 EPS for the current fiscal year.

Tyson Foods declared that its board has initiated a share repurchase plan on Thursday, August 7th that authorizes the company to buyback 43,000,000 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

Institutional Trading of Tyson Foods

Several institutional investors have recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new position in shares of Tyson Foods during the 1st quarter worth approximately $28,000. NewSquare Capital LLC lifted its holdings in Tyson Foods by 175.3% during the second quarter. NewSquare Capital LLC now owns 512 shares of the company's stock worth $29,000 after acquiring an additional 326 shares during the period. Matrix Trust Co grew its stake in Tyson Foods by 28,200.0% in the 2nd quarter. Matrix Trust Co now owns 566 shares of the company's stock valued at $32,000 after purchasing an additional 564 shares during the period. First Command Advisory Services Inc. raised its stake in shares of Tyson Foods by 389.8% during the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company's stock worth $32,000 after purchasing an additional 460 shares during the period. Finally, MTM Investment Management LLC purchased a new position in shares of Tyson Foods in the 2nd quarter worth about $36,000. Institutional investors own 67.00% of the company's stock.

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.

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