Hsbc Holdings PLC Acquires 24,251 Shares of Tyson Foods, Inc. $TSN

Hsbc Holdings PLC raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) by 4.3% during the fourth quarter, HoldingsChannel reports. The firm owned 589,708 shares of the company’s stock after purchasing an additional 24,251 shares during the period. Hsbc Holdings PLC’s holdings in Tyson Foods were worth $34,613,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. raised its stake in Tyson Foods by 306.4% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock worth $2,607,000 after buying an additional 36,197 shares in the last quarter. AIA Group Ltd increased its holdings in shares of Tyson Foods by 78.8% in the 3rd quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock valued at $2,780,000 after acquiring an additional 22,571 shares during the period. Vinva Investment Management Ltd increased its holdings in shares of Tyson Foods by 111.6% in the 3rd quarter. Vinva Investment Management Ltd now owns 387,714 shares of the company’s stock valued at $21,070,000 after acquiring an additional 204,482 shares during the period. Perbak Capital Partners LLP bought a new position in shares of Tyson Foods in the 3rd quarter worth $1,255,000. Finally, Everpar Advisors LLC lifted its stake in shares of Tyson Foods by 27.2% during the 4th quarter. Everpar Advisors LLC now owns 81,243 shares of the company’s stock worth $4,762,000 after purchasing an additional 17,353 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

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Tyson Foods Trading Up 3.6%

Shares of NYSE:TSN opened at $57.50 on Wednesday. The business’s 50-day moving average is $62.50 and its 200 day moving average is $61.80. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The firm has a market capitalization of $20.25 billion, a P/E ratio of 45.28, a P/E/G ratio of 1.12 and a beta of 0.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70.

Tyson Foods (NYSE:TSN – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter last year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts predict that Tyson Foods, Inc. will post 4.16 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. Tyson Foods’s dividend payout ratio (DPR) is 160.63%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TSN. Piper Sandler reiterated an “overweight” rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday. Stephens raised their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Weiss Ratings downgraded shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $68.20.

Get Our Latest Stock Analysis on Tyson Foods

Tyson Foods Company Profile

(Free Report)

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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