Cigogne Management SA Acquires New Shares in Tyson Foods, Inc. (NYSE:TSN)

Cigogne Management SA bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,500 shares of the company's stock, valued at approximately $316,000.

Several other institutional investors also recently modified their holdings of TSN. Vanguard Group Inc. boosted its stake in Tyson Foods by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock worth $2,051,433,000 after acquiring an additional 325,361 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Tyson Foods by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock worth $400,712,000 after purchasing an additional 178,785 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after buying an additional 427,582 shares during the period. Norges Bank bought a new stake in shares of Tyson Foods in the 4th quarter valued at $175,086,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Tyson Foods by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company's stock worth $141,115,000 after buying an additional 98,799 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Up 1.0 %

Tyson Foods stock opened at $61.99 on Thursday. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The company has a fifty day simple moving average of $60.62 and a 200 day simple moving average of $59.69. The company has a market cap of $22.08 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62.

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 for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. During the same quarter last year, the company earned $0.69 EPS. Tyson Foods's revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed 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. This represents a $2.00 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Friday, May 30th. Tyson Foods's payout ratio is presently 67.57%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Stephens boosted their target price on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a research report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Citigroup raised their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of "Hold" and a consensus target price of $61.78.

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.

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