Convergence Investment Partners LLC Raises Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Convergence Investment Partners LLC boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 57.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,934 shares of the company's stock after purchasing an additional 16,383 shares during the quarter. Convergence Investment Partners LLC's holdings in Tyson Foods were worth $2,581,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TSN. State Street Corp raised its holdings in shares of Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after acquiring an additional 859,351 shares in the last quarter. Pzena Investment Management LLC increased its position in Tyson Foods by 0.4% during the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company's stock valued at $747,108,000 after purchasing an additional 54,217 shares during the period. Geode Capital Management LLC raised its holdings in shares of Tyson Foods by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company's stock valued at $404,559,000 after purchasing an additional 87,054 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Tyson Foods by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company's stock worth $140,439,000 after purchasing an additional 39,252 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Tyson Foods by 6.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company's stock worth $69,442,000 after purchasing an additional 73,764 shares during the period. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Shares of Tyson Foods stock traded up $1.32 during midday trading on Friday, hitting $60.43. The company had a trading volume of 3,322,503 shares, compared to its average volume of 2,510,431. The company has a fifty day simple moving average of $57.22 and a 200 day simple moving average of $60.06. The stock has a market cap of $21.52 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 0.72 and a beta of 0.80. 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 $52.11 and a 12-month 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 (EPS) 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 analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. As a group, analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share 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. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. Tyson Foods's dividend payout ratio is currently 67.57%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TSN. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 13th. Citigroup cut their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Stephens upped their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock 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 target price on the stock in a research note on Tuesday, February 4th. Finally, UBS Group started coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.