Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Tyson Foods, Inc. (NYSE:TSN – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 55,618 shares of the company’s stock, valued at approximately $3,563,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. City Holding Co. bought a new position in Tyson Foods in the 4th quarter worth about $29,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Tyson Foods by 62.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after buying an additional 198 shares during the period. Activest Wealth Management lifted its holdings in shares of Tyson Foods by 3,842.9% in the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after buying an additional 538 shares in the last quarter. ORG Partners LLC increased its holdings in Tyson Foods by 2,519.2% during the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock worth $40,000 after acquiring an additional 655 shares during the period. Finally, Brown Brothers Harriman & Co. increased its holdings in Tyson Foods by 110.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock worth $40,000 after acquiring an additional 384 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on TSN. Stephens lifted their price objective on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. cut their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Sanford C. Bernstein lowered their target price on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday. Finally, Piper Sandler reiterated an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $68.60.
Tyson Foods Price Performance
TSN stock opened at $58.89 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The firm’s fifty day moving average is $61.54 and its 200 day moving average is $61.81. The firm has a market cap of $20.74 billion, a P/E ratio of 46.37, a P/E/G ratio of 1.21 and a beta of 0.40.
Tyson Foods (NYSE:TSN – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. Research analysts predict that Tyson Foods, Inc. will post 4.09 earnings per share for the current year.
Tyson Foods Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s payout ratio is 160.63%.
About Tyson Foods
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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