Cary Street Partners Financial LLC increased its position in Tyson Foods, Inc. (NYSE:TSN – Free Report) by 21.5% during the second quarter, Holdings Channel.com reports. The firm owned 76,583 shares of the company’s stock after buying an additional 13,570 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Tyson Foods were worth $4,384,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in TSN. Norges Bank bought a new position in shares of Tyson Foods in the fourth quarter valued at approximately $308,297,000. Davis Selected Advisers increased its stake in Tyson Foods by 28.8% in the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock valued at $751,951,000 after buying an additional 2,865,413 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new position in shares of Tyson Foods during the 4th quarter worth approximately $165,220,000. Pzena Investment Management LLC lifted its position in shares of Tyson Foods by 12.1% during the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after buying an additional 1,845,200 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Tyson Foods by 34.4% in the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after buying an additional 1,720,009 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.
Tyson Foods Stock Down 1.0%
Shares of NYSE TSN opened at $55.87 on Thursday. The business has a 50-day simple moving average of $57.78 and a two-hundred day simple moving average of $61.73. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. 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 $19.66 billion, a P/E ratio of 34.49, a P/E/G ratio of 1.21 and a beta of 0.40.
Tyson Foods Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.7%. Tyson Foods’s payout ratio is presently 125.93%.
Analyst Ratings Changes
A number of analysts recently commented on the company. HSBC decreased their price target on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Zacks Research cut Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Piper Sandler restated an “overweight” rating and issued a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Sanford C. Bernstein decreased their target price on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research report on Thursday, July 2nd. 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, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $70.67.
Get Our Latest Analysis on Tyson Foods
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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