Tyson Foods, Inc. (NYSE:TSN) Receives $79.52 Consensus PT from Analysts

Shares of Tyson Foods, Inc. (NYSE:TSN) have been assigned a consensus recommendation of “Buy” from the fifteen analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $79.52.

TSN has been the topic of a number of research analyst reports. Credit Suisse Group set a $96.00 price target on Tyson Foods and gave the company a “buy” rating in a report on Thursday, June 13th. ValuEngine raised Vistra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. Pivotal Research raised their price objective on Tyson Foods from $40.00 to $50.00 and gave the company a “sell” rating in a research note on Monday, May 6th. Piper Jaffray Companies increased their price target on Tactile Systems Technology to $84.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Finally, Zacks Investment Research downgraded Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th.

In related news, EVP Mary Oleksiuk sold 44,967 shares of Tyson Foods stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $77.09, for a total value of $3,466,506.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chad Roderick Martin sold 6,300 shares of Tyson Foods stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $77.24, for a total value of $486,612.00. The disclosure for this sale can be found here. Insiders have sold a total of 84,433 shares of company stock valued at $6,680,525 in the last quarter. Company insiders own 1.69% of the company’s stock.

Several institutional investors have recently made changes to their positions in TSN. Norges Bank purchased a new position in shares of Tyson Foods in the 4th quarter valued at about $149,935,000. Deutsche Bank AG increased its stake in shares of Tyson Foods by 111.3% in the 4th quarter. Deutsche Bank AG now owns 3,475,479 shares of the company’s stock valued at $185,584,000 after purchasing an additional 1,831,055 shares in the last quarter. Boston Partners increased its stake in shares of Tyson Foods by 68.6% in the 1st quarter. Boston Partners now owns 3,048,006 shares of the company’s stock valued at $211,623,000 after purchasing an additional 1,240,164 shares in the last quarter. Brandywine Global Investment Management LLC increased its stake in shares of Tyson Foods by 119,363.5% in the 4th quarter. Brandywine Global Investment Management LLC now owns 873,278 shares of the company’s stock valued at $46,634,000 after purchasing an additional 872,547 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Tyson Foods by 26.1% in the 4th quarter. FMR LLC now owns 3,782,197 shares of the company’s stock valued at $201,970,000 after purchasing an additional 783,862 shares in the last quarter. Hedge funds and other institutional investors own 69.59% of the company’s stock.

NYSE TSN traded down $0.16 during trading hours on Friday, hitting $80.80. The company had a trading volume of 1,900,948 shares, compared to its average volume of 2,567,510. The company has a market capitalization of $29.55 billion, a price-to-earnings ratio of 13.12 and a beta of 0.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.38 and a quick ratio of 0.54. The company’s 50 day moving average is $80.67. Tyson Foods has a 52 week low of $49.77 and a 52 week high of $84.30.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 6th. The company reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.08. The company had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.25 billion. Tyson Foods had a return on equity of 16.53% and a net margin of 5.05%. Tyson Foods’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.27 EPS. Sell-side analysts forecast that Tyson Foods will post 5.97 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, August 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.86%. Tyson Foods’s payout ratio is currently 24.35%.

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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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Analyst Recommendations for Tyson Foods (NYSE:TSN)

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