SG Trading Solutions LLC acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 21,685 shares of the company’s stock, valued at approximately $1,271,000.
Several other hedge funds have also recently modified their holdings of TSN. IFP Advisors Inc grew its position in shares of Tyson Foods by 10.3% during the fourth quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock valued at $98,000 after purchasing an additional 157 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Tyson Foods by 0.4% in the fourth quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock worth $2,376,000 after buying an additional 159 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its stake in Tyson Foods by 4.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock valued at $231,000 after buying an additional 166 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Tyson Foods by 10.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after buying an additional 179 shares in the last quarter. Finally, Matrix Trust Co grew its holdings in Tyson Foods by 28.8% during the 4th quarter. Matrix Trust Co now owns 818 shares of the company’s stock valued at $48,000 after buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on TSN. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Piper Sandler reissued an “overweight” rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Wall Street Zen upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings cut shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $68.09.
Tyson Foods Stock Down 1.3%
Shares of TSN opened at $55.48 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The company has a market cap of $19.54 billion, a PE ratio of 43.69, a P/E/G ratio of 1.13 and a beta of 0.38. The business has a fifty day moving average of $63.05 and a 200 day moving average of $61.83.
Tyson Foods (NYSE:TSN – Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, sell-side analysts expect that Tyson Foods, Inc. will post 4.2 EPS for the current year.
Tyson Foods Dividend Announcement
The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.7%. Tyson Foods’s dividend payout ratio (DPR) is presently 160.63%.
Tyson Foods Company Profile
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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