Tyson Foods (NYSE:TSN) Stock Rating Reaffirmed by Stephens

Stephens reissued their overweight rating on shares of Tyson Foods (NYSE:TSNFree Report) in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a $70.00 price target on the stock.

Several other research analysts have also recently issued reports on the stock. Barclays upped their target price on shares of Tyson Foods from $50.00 to $53.00 and gave the company an underweight rating in a report on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $51.00 to $55.00 and gave the company a neutral rating in a report on Thursday, February 1st. Piper Sandler upped their target price on shares of Tyson Foods from $44.00 to $48.00 and gave the company a neutral rating in a report on Friday, January 26th. StockNews.com upgraded shares of Tyson Foods from a sell rating to a hold rating in a research note on Monday, January 22nd. Finally, BMO Capital Markets increased their price target on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a market perform rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average price target of $57.60.

Read Our Latest Stock Analysis on TSN

Tyson Foods Trading Down 2.6 %

Shares of NYSE:TSN opened at $52.58 on Tuesday. Tyson Foods has a 52 week low of $44.94 and a 52 week high of $63.49. The company’s 50 day moving average is $53.40 and its two-hundred day moving average is $51.54. The company has a current ratio of 1.49, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. The company has a market cap of $18.68 billion, a PE ratio of -21.29, a P/E/G ratio of 0.43 and a beta of 0.77.

Tyson Foods (NYSE:TSNGet Free Report) last issued its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $13.34 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts predict that Tyson Foods will post 2.32 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.73%. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

Insider Transactions at Tyson Foods

In other news, Chairman John H. Tyson sold 133,277 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $46.16, for a total value of $6,152,066.32. Following the completion of the sale, the chairman now owns 2,739,150 shares in the company, valued at approximately $126,439,164. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.05% of the company’s stock.

Institutional Trading of Tyson Foods

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Tyson Foods by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after acquiring an additional 2,239,235 shares during the period. State Street Corp increased its holdings in shares of Tyson Foods by 1.8% in the 1st quarter. State Street Corp now owns 14,557,461 shares of the company’s stock valued at $1,304,785,000 after purchasing an additional 264,159 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Tyson Foods by 2.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock valued at $491,224,000 after purchasing an additional 200,586 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Tyson Foods by 97.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock valued at $561,869,000 after purchasing an additional 4,669,457 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Tyson Foods by 16.1% in the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company’s stock valued at $376,096,000 after purchasing an additional 1,034,915 shares in the last quarter. Institutional investors and hedge funds own 63.68% of the company’s stock.

Tyson Foods Company Profile

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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.

Further Reading

Analyst Recommendations for Tyson Foods (NYSE:TSN)

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