384,036 Shares in Tyson Foods, Inc. (NYSE:TSN) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 384,036 shares of the company's stock, valued at approximately $22,059,000. Raymond James Financial Inc. owned about 0.11% of Tyson Foods at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Riverview Trust Co raised its holdings in shares of Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after buying an additional 445 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after purchasing an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Tyson Foods during the 3rd quarter worth $36,000. SRS Capital Advisors Inc. grew its position in shares of Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after purchasing an additional 229 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in Tyson Foods during the fourth quarter worth about $42,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Up 0.5 %

TSN traded up $0.29 on Wednesday, reaching $60.80. The company's stock had a trading volume of 1,335,631 shares, compared to its average volume of 2,489,995. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88. The business's 50 day moving average is $58.22 and its 200 day moving average is $59.79. The stock has a market cap of $21.66 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72.

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Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. As a group, research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. Tyson Foods's dividend payout ratio (DPR) is 67.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays decreased their target price on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective for the company. Citigroup decreased their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Stephens lifted their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Finally, Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $61.10.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.