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Is Tyson Foods Inc.’s (NYSE: TSN) 3.57% Gain This Week Telling Us Something New?

During the recent session, Tyson Foods Inc. (NYSE:TSN)’s traded shares were 0.75 million, with the beta value of the company hitting 0.77. At the last check today, the stock’s price was $51.76, reflecting an intraday loss of -0.03% or -$0.01. The 52-week high for the TSN share is $92.32, that puts it down -78.36 from that peak though still a striking 8.98% gain since the share price plummeted to a 52-week low of $47.11. The company’s market capitalization is $18.41B, and the average intraday trading volume over the past 10 days was 4.4 million shares, and the average trade volume was 3.68 million shares over the past three months.

Tyson Foods Inc. (TSN) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.70. TSN has a Sell rating from 1 analyst(s) out of 12 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 2 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.26.

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Tyson Foods Inc. (NYSE:TSN) trade information

Tyson Foods Inc. (TSN) registered a -0.03% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.03% in intraday trading to $51.76 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is 3.57%, and it has moved by -14.24% in 30 days. Based on these gigs, the overall price performance for the year is -41.68%. The short interest in Tyson Foods Inc. (NYSE:TSN) is 4.63 million shares and it means that shorts have 1.99 day(s) to cover.

The consensus price target of analysts on Wall Street is $57.60, which implies an increase of 10.14% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $48.00 and $70.00 respectively. As a result, TSN is trading at a discount of -35.24% off the target high and 7.26% off the low.

Tyson Foods Inc. (TSN) estimates and forecasts

Statistics show that Tyson Foods Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Tyson Foods Inc. (TSN) shares have gone down -23.12% during the last six months, with a year-to-date growth rate less than the industry average at -74.68% against -26.30. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -86.60% this quarter and then drop -76.10% in the quarter after that. In the rating firms’ projections, revenue will increase 0.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $13.61 billion as predicted by 8 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $13.77 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $13.49 billion and $13.74 billion respectively. In this case, analysts expect current quarter sales to grow by 0.90% and then jump by 0.20% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 13.20%. While earnings are projected to return 6.90% in 2023, the next five years will return 7.50% per annum.

TSN Dividends

Tyson Foods Inc. is due to release its next quarterly earnings between August 07 and August 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Tyson Foods Inc. is 1.92, with the dividend yield indicating at 3.71 percent, continuing the trend of increasing dividends in recent years.

Tyson Foods Inc. (NYSE:TSN)’s Major holders

Tyson Foods Inc. insiders own 2.30% of total outstanding shares while institutional holders control 84.86%, with the float percentage being 86.86%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 1,191 institutions own stock in it. As of Mar 30, 2023, the company held over 38.06 million shares (or 13.33% of all shares), a total value of $2.26 billion in shares.

The next largest institutional holding, with 22.65 million shares, is of Blackrock Inc.’s that is approximately 7.93% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $1.34 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Tyson Foods Inc. (TSN) shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 8.79 million shares. This amounts to just over 3.08 percent of the company’s overall shares, with a $547.41 million market value. The same data shows that the other fund manager holds slightly less at 6.75 million, or about 2.36% of the stock, which is worth about $419.89 million.

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