Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 397,511 shares of the company's stock after acquiring an additional 4,782 shares during the quarter. Assetmark Inc. owned 0.11% of Tyson Foods worth $22,833,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock worth $67,917,000 after acquiring an additional 352,863 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after acquiring an additional 729 shares during the period. Sound Income Strategies LLC increased its stake in shares of Tyson Foods by 14.0% during the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock worth $3,248,000 after acquiring an additional 6,955 shares during the period. Empowered Funds LLC increased its stake in shares of Tyson Foods by 289.9% during the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after acquiring an additional 18,059 shares during the period. Finally, Mizuho Securities USA LLC grew its position in Tyson Foods by 517.7% during the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company's stock worth $8,114,000 after buying an additional 114,179 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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Tyson Foods Trading Up 1.3 %

Shares of TSN traded up $0.77 on Friday, hitting $61.30. 1,699,533 shares of the stock traded hands, compared to its average volume of 2,470,202. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $21.84 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.74 and a beta of 0.72. The stock's 50 day moving average is $57.74 and its two-hundred day moving average is $59.98. Tyson Foods, Inc. has a 1 year low of $53.59 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted 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 company had revenue of $13.62 billion for 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%. Tyson Foods's revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio is currently 67.57%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSN. UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price on the stock. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Piper Sandler upgraded 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 report on Tuesday, February 4th. Barclays lowered their price target on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target 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.