Seaport Global Securities assumed coverage on shares of Tyson Foods (NYSE:TSN) in a research report report published on Tuesday, BenzingaRatingsTable reports. The firm issued a neutral rating on the stock. Seaport Global Securities also issued estimates for Tyson Foods’ Q3 2020 earnings at $0.87 EPS, Q4 2020 earnings at $1.15 EPS, FY2020 earnings at $4.44 EPS, Q1 2021 earnings at $1.50 EPS, Q2 2021 earnings at $1.46 EPS, Q3 2021 earnings at $1.48 EPS, Q4 2021 earnings at $1.56 EPS and FY2021 earnings at $6.00 EPS.

A number of other equities analysts also recently issued reports on TSN. ValuEngine upgraded Tyson Foods from a sell rating to a hold rating in a research note on Thursday, May 7th. Piper Sandler downgraded Tyson Foods from an overweight rating to a neutral rating and cut their price target for the company from $100.00 to $66.00 in a research note on Tuesday, April 28th. Bank of America downgraded Tyson Foods from a buy rating to a neutral rating and cut their price target for the company from $70.00 to $60.00 in a research note on Tuesday, May 5th. JPMorgan Chase & Co. cut their price target on Tyson Foods from $64.00 to $63.00 and set an overweight rating for the company in a research note on Tuesday, May 5th. Finally, Argus downgraded Tyson Foods from a buy rating to a hold rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $76.92.

Shares of TSN opened at $61.45 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.61 and a quick ratio of 0.70. The stock has a 50-day moving average of $60.30 and a 200-day moving average of $65.61. The company has a market cap of $22.43 billion, a PE ratio of 12.05, a P/E/G ratio of 2.55 and a beta of 0.65. Tyson Foods has a one year low of $42.57 and a one year high of $94.24.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.27). The company had revenue of $10.89 billion for the quarter, compared to analyst estimates of $11.01 billion. Tyson Foods had a net margin of 4.52% and a return on equity of 13.01%. Tyson Foods’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. Analysts expect that Tyson Foods will post 4.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.68 annualized dividend and a dividend yield of 2.73%. Tyson Foods’s dividend payout ratio is currently 30.77%.

In related news, EVP Scott Rouse sold 600 shares of Tyson Foods stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $58.12, for a total value of $34,872.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.69% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. West Oak Capital LLC grew its position in shares of Tyson Foods by 41.2% during the 1st quarter. West Oak Capital LLC now owns 600 shares of the company’s stock valued at $35,000 after purchasing an additional 175 shares in the last quarter. Lathrop Investment Management Corp raised its stake in shares of Tyson Foods by 0.5% during the second quarter. Lathrop Investment Management Corp now owns 38,725 shares of the company’s stock valued at $2,312,000 after acquiring an additional 175 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Tyson Foods by 0.6% during the first quarter. Bessemer Group Inc. now owns 32,261 shares of the company’s stock valued at $1,867,000 after acquiring an additional 181 shares during the last quarter. Trust Investment Advisors raised its stake in shares of Tyson Foods by 1.2% during the first quarter. Trust Investment Advisors now owns 16,105 shares of the company’s stock valued at $932,000 after acquiring an additional 185 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its stake in Tyson Foods by 1.4% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 13,725 shares of the company’s stock worth $794,000 after buying an additional 195 shares in the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

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 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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