Tyson Foods, Inc. (NYSE:TSN) Receives $58.20 Average Price Target from Brokerages

Tyson Foods, Inc. (NYSE:TSN) has received an average recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $58.80.

TSN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $53.00 to $69.00 in a research note on Tuesday, April 16th. The Goldman Sachs Group raised their target price on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. BMO Capital Markets upped their price target on Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research report on Tuesday, February 6th. Finally, Stephens reiterated an “overweight” rating and issued a $70.00 target price on shares of Tyson Foods in a research note on Tuesday, February 6th.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the sale, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.05% of the company’s stock.

Institutional Investors Weigh In On Tyson Foods

A number of large investors have recently added to or reduced their stakes in TSN. Sugarloaf Wealth Management LLC boosted its stake in shares of Tyson Foods by 74.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after purchasing an additional 254 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after acquiring an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the last quarter. First Financial Corp IN bought a new stake in Tyson Foods in the first quarter valued at approximately $35,000. Finally, Lindbrook Capital LLC boosted its stake in shares of Tyson Foods by 306.8% during the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 1.1 %

TSN stock opened at $60.61 on Tuesday. The firm has a market capitalization of $21.60 billion, a PE ratio of -24.54, a P/E/G ratio of 0.48 and a beta of 0.77. The stock’s 50 day moving average is $56.28 and its 200-day moving average is $52.58. Tyson Foods has a twelve month low of $44.94 and a twelve month high of $63.28. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. The company had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The firm’s revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Sell-side analysts expect that Tyson Foods will post 2.33 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.23%. The ex-dividend date is Friday, May 31st. Tyson Foods’s payout ratio is -79.35%.

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 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.