Analysts Set Tyson Foods, Inc. (NYSE:TSN) PT at $69.56

Shares of Tyson Foods, Inc. (NYSE:TSN – Get Free Report) have been given an average rating of “Hold” by the twelve analysts that are covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $70.8750.

Several research firms have weighed in on TSN. Bank of America cut their price objective on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings lowered shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. decreased their price objective on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Finally, Stephens lifted their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th.

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Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TSN. Pzena Investment Management LLC increased its holdings 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 worth $1,099,167,000 after purchasing an additional 1,845,200 shares during the period. State Street Corp boosted its position 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 valued at $764,309,000 after acquiring an additional 85,282 shares during the last quarter. Davis Selected Advisers increased its position in shares of Tyson Foods by 28.8% in the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after purchasing an additional 2,865,413 shares during the last quarter. AQR Capital Management LLC raised its stake in Tyson Foods by 20.6% in the fourth quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock valued at $475,669,000 after purchasing an additional 1,387,645 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Tyson Foods by 1.4% during the fourth quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock valued at $354,995,000 after purchasing an additional 83,861 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 1.3%

Tyson Foods stock opened at $57.47 on Monday. Tyson Foods has a 1-year low of $50.56 and a 1-year high of $69.48. The firm has a market capitalization of $20.24 billion, a price-to-earnings ratio of 45.25, a price-to-earnings-growth ratio of 1.18 and a beta of 0.40. The firm’s fifty day moving average price is $59.04 and its two-hundred day moving average price is $61.73. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN – Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 earnings per share. On average, equities research analysts predict that Tyson Foods will post 4.08 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, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is presently 160.63%.

About Tyson Foods

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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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