AGF Management Ltd. Invests $2.35 Million in Tyson Foods, Inc. (NYSE:TSN)

AGF Management Ltd. purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 40,876 shares of the company's stock, valued at approximately $2,348,000.

Several other hedge funds also recently added to or reduced their stakes in TSN. Riverview Trust Co boosted its stake in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after acquiring an additional 445 shares during the period. Brooklyn Investment Group raised its holdings 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 valued at $34,000 after buying an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Tyson Foods in the 3rd quarter valued at approximately $36,000. SRS Capital Advisors Inc. grew its stake 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 worth $36,000 after purchasing an additional 229 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods during the fourth quarter valued at about $42,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded up $0.29 on Wednesday, hitting $60.80. 1,998,147 shares of the company were exchanged, compared to its average volume of 2,144,533. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The firm has a market capitalization of $21.66 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.72. The company's 50 day moving average price is $58.22 and its two-hundred day moving average price is $59.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

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Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. During the same quarter in the prior year, the company posted $0.69 EPS. The business's revenue was up 2.3% on a year-over-year basis. Research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given 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 yield of 3.29%. Tyson Foods's dividend payout ratio (DPR) is presently 67.57%.

Wall Street Analyst Weigh In

TSN has been the subject of a number of research analyst reports. Stephens upped their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. UBS Group began coverage on Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price on the stock. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Citigroup reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Tyson Foods has an average rating of "Hold" and a consensus target price of $61.10.

Tyson Foods Company Profile

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.