Tyson Foods (NYSE:TSN) Price Target Raised to $72.00

Tyson Foods (NYSE:TSN) had its target price raised by Barclays from $69.00 to $72.00 in a report released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

TSN has been the topic of a number of other research reports. The Goldman Sachs Group raised their target price on Tyson Foods from $49.00 to $54.00 and gave the company a neutral rating in a report on Wednesday, April 17th. Bank of America decreased their target price on Tyson Foods from $62.00 to $60.00 and set a neutral rating on the stock in a research report on Wednesday, July 10th. StockNews.com cut shares of Tyson Foods from a buy rating to a hold rating in a report on Saturday, July 20th. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. Finally, Piper Sandler raised their target price on shares of Tyson Foods from $55.00 to $57.00 and gave the company a neutral rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $61.00.

Tyson Foods Stock Up 1.2 %

Shares of NYSE TSN opened at $61.89 on Tuesday. The stock has a market capitalization of $22.09 billion, a P/E ratio of -34.77, a PEG ratio of 0.44 and a beta of 0.74. The stock’s fifty day moving average is $57.86 and its 200 day moving average is $57.35. Tyson Foods has a 52 week low of $44.94 and a 52 week high of $63.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.82.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same period last year, the firm earned $0.15 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Sell-side analysts forecast that Tyson Foods will post 2.74 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.17%. Tyson Foods’s dividend payout ratio is -110.11%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in shares of Tyson Foods by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock valued at $804,450,000 after buying an additional 128,274 shares during the period. Pzena Investment Management LLC increased its position in Tyson Foods by 18.4% during the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after purchasing an additional 1,939,508 shares during the period. Wellington Management Group LLP raised its holdings in Tyson Foods by 6.2% during the 4th quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after purchasing an additional 606,518 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Tyson Foods by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company’s stock worth $357,325,000 after purchasing an additional 49,540 shares during the period. Finally, Capital Research Global Investors boosted its stake in shares of Tyson Foods by 153.2% in the 4th quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after purchasing an additional 2,920,479 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

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.