In yesterday’s Wall Street session, Tyson Foods Inc. (NYSE:TSN) shares traded at $54.63, up 0.98% from the previous session.
12 analysts cover Tyson Foods Inc. (NYSE:TSN), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $70.00 and a low of $48.00, we find $53.50. Given the previous closing price of $54.10, this indicates a potential downside of -1.11 percent. TSN stock price is now 4.03% away from the 50-day moving average and -6.89% away from the 200-day moving average. The market capitalization of the company currently stands at $19.24B.
The stock has received a hold rating from 6 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $56.29 as their price target over the next twelve months.
With the price target reduced from $66 to $64, Goldman maintained Neutral rating for Tyson Foods Inc. (NYSE: TSN).
In other news, MCNAMARA KEVIN M, Director bought 20,500 shares of the company’s stock on May 12. The stock was bought for $1,002,803 at an average price of $48.92. Upon completion of the transaction, the Director now directly owns 115,670 shares in the company, valued at $6.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12, EVP & Chief People Officer Soderstrom Johanna bought 5,000 shares of the business’s stock. A total of $246,108 was incurred on buying the stock at an average price of $49.22. This leaves the insider owning 32,847 shares of the company worth $1.79 million. Insiders disposed of 115,309 shares of company stock worth roughly $6.3 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TSN stock. A new stake in Tyson Foods Inc. shares was purchased by THOMPSON SIEGEL & WALMSLEY LLC during the first quarter worth $43,963,000. TWO SIGMA INVESTMENTS, LP invested $32,740,000 in shares of TSN during the first quarter. In the first quarter, DEPRINCE RACE & ZOLLO INC acquired a new stake in Tyson Foods Inc. valued at approximately $28,740,000. CAUSEWAY CAPITAL MANAGEMENT LLC acquired a new stake in TSN for approximately $17,749,000. STRS OHIO purchased a new stake in TSN valued at around $16,389,000 in the second quarter. In total, there are 1,128 active investors with 86.30% ownership of the company’s stock.
On Friday morning Tyson Foods Inc. (NYSE: TSN) stock kicked off with the opening price of $54.02. During the past 12 months, Tyson Foods Inc. has had a low of $47.11 and a high of $82.03. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 1.80, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $28.05B, which is based on a 58.74 price-to-earnings ratio, a 7.83 price-to-earnings-growth ratio, and a beta of 0.77. The fifty day moving average price for TSN is $52.58 and a two-hundred day moving average price translates $58.61 for the stock.
The latest earnings results from Tyson Foods Inc. (NYSE: TSN) was released for Jun, 2023. According to the Farm Products Company, earnings per share came in at $0.15, missing analysts’ expectations of $0.26 by -0.11. This compares to $2.08 EPS in the same period last year. The net profit margin was 0.60% and return on equity was 1.80% for TSN. The company reported revenue of $13.14 billion for the quarter, compared to $13.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.63 percent. For the current quarter, analysts expect TSN to generate $13.69B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 09/01/2023 were paid a $0.48 dividend. On an annualized basis, this represents a $1.92 dividend and a 3.51% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, TSN is presently at 201.60%.
Tyson Foods Inc.(TSN) 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; 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. It also manufactures and markets frozen and refrigerated food products, including ready-to-eat sandwiches, flame-grilled hamburgers, Philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks, and processed meats under the Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells, and Gallo Salame brands. In addition, the company offers its products under the Tyson and ibp brands. It sells its products through its sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processing companies, chain restaurants or their distributors, live markets, international export companies, and domestic distributors who serve restaurants and food service operations, such as plant and school cafeterias, convenience stores, hospitals, and other vendors, as well as through independent brokers and trading companies. The company was founded in 1935 and is headquartered in Springdale, Arkansas.
