Fintel reports that on May 9, 2023, Goldman Sachs maintained coverage of Tyson Foods (NYSE:TSN) with a Neutral recommendation.

Analyst Price Forecast Suggests 34.04% Upside

As of April 24, 2023, the average one-year price target for Tyson Foods is 68.00. The forecasts range from a low of 56.56 to a high of $84.00. The average price target represents an increase of 34.04% from its latest reported closing price of 50.73.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Tyson Foods is 55,465MM, an increase of 3.43%. The projected annual non-GAAP EPS is 6.54.

Tyson Foods Declares $0.48 Dividend

On February 9, 2023 the company declared a regular quarterly dividend of $0.48 per share ($1.92 annualized). Shareholders of record as of June 1, 2023 will receive the payment on June 15, 2023. Previously, the company paid $0.48 per share.

At the current share price of $50.73 / share, the stock’s dividend yield is 3.78%.

Looking back five years and taking a sample every week, the average dividend yield has been 2.39%, the lowest has been 1.67%, and the highest has been 3.78%. The standard deviation of yields is 0.41 (n=237).

The current dividend yield is 3.40 standard deviations above the historical average.

Additionally, the company’s dividend payout ratio is 0.45. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is 0.14%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 1686 funds or institutions reporting positions in Tyson Foods. This is a decrease of 14 owner(s) or 0.82% in the last quarter. Average portfolio weight of all funds dedicated to TSN is 0.34%, an increase of 26.79%. Total shares owned by institutions decreased in the last three months by 1.63% to 263,480K shares. The put/call ratio of TSN is 1.37, indicating a bearish outlook.

What are Other Shareholders Doing?

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 8,794K shares representing 2.47% ownership of the company. In it’s prior filing, the firm reported owning 8,624K shares, representing an increase of 1.93%. The firm decreased its portfolio allocation in TSN by 11.09% over the last quarter.

Victory Capital Management holds 6,918K shares representing 1.95% ownership of the company. In it’s prior filing, the firm reported owning 5,653K shares, representing an increase of 18.28%. The firm decreased its portfolio allocation in TSN by 29.13% over the last quarter.

VIMSX – Vanguard Mid-Cap Index Fund Investor Shares holds 6,745K shares representing 1.90% ownership of the company. In it’s prior filing, the firm reported owning 6,679K shares, representing an increase of 0.98%. The firm decreased its portfolio allocation in TSN by 12.42% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 6,695K shares representing 1.88% ownership of the company. In it’s prior filing, the firm reported owning 6,566K shares, representing an increase of 1.93%. The firm decreased its portfolio allocation in TSN by 11.30% over the last quarter.

Charles Schwab Investment Management holds 6,355K shares representing 1.79% ownership of the company. In it’s prior filing, the firm reported owning 5,751K shares, representing an increase of 9.50%. The firm decreased its portfolio allocation in TSN by 6.12% over the last quarter.

Tyson Foods Background Information
(This description is provided by the company.)

Tyson Foods, Inc. is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the Company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Headquartered in Springdale, Arkansas, the Company had 139,000 team members at October 3, 2020. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it.

See all Tyson Foods regulatory filings.

This article originally appeared on Fintel