Cibc World Markets Corp Increases Stake in Tyson Foods, Inc. (NYSE:TSN)

Cibc World Markets Corp grew its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 15.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 112,144 shares of the company's stock after buying an additional 14,774 shares during the period. Cibc World Markets Corp's holdings in Tyson Foods were worth $6,442,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TSN. Riverview Trust Co raised its holdings in shares of Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after purchasing an additional 445 shares during the last quarter. 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 purchasing an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Tyson Foods during the third quarter valued at approximately $36,000. SRS Capital Advisors Inc. raised its holdings in shares of Tyson Foods by 58.6% during 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 during the last quarter. Finally, ST Germain D J Co. Inc. purchased a new position in shares of Tyson Foods during the fourth quarter valued at approximately $42,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TSN shares. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a research report on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Barclays dropped their price target on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. 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 report on Tuesday, February 4th. 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Tyson Foods presently has an average rating of "Hold" and an average price target of $61.10.

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Tyson Foods Price Performance

Tyson Foods stock traded up $0.04 during mid-day trading on Friday, reaching $60.46. 5,366,416 shares of the company's stock traded hands, compared to its average volume of 2,148,975. The company has a market cap of $21.53 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.74 and a beta of 0.72. The stock has a 50 day moving average of $58.55 and a two-hundred day moving average of $59.77. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88.

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 (EPS) for the quarter, beating 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 in the prior year, the firm earned $0.69 earnings per share. Equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio is currently 67.57%.

Tyson Foods 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.