9,206 Shares in Tyson Foods, Inc. (NYSE:TSN) Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. bought a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,206 shares of the company's stock, valued at approximately $529,000.

Several other large investors also recently added to or reduced their stakes in TSN. Wealth Enhancement Advisory Services LLC increased its stake in Tyson Foods by 1.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company's stock worth $632,000 after acquiring an additional 189 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Tyson Foods by 5.8% during the third quarter. Farther Finance Advisors LLC now owns 4,217 shares of the company's stock worth $251,000 after acquiring an additional 232 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Tyson Foods by 149.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 421,827 shares of the company's stock valued at $25,124,000 after buying an additional 252,635 shares during the last quarter. Intact Investment Management Inc. bought a new position in shares of Tyson Foods during the third quarter valued at approximately $179,000. Finally, National Pension Service grew its stake in shares of Tyson Foods by 30.6% during the third quarter. National Pension Service now owns 643,482 shares of the company's stock valued at $38,326,000 after buying an additional 150,754 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Up 1.3 %

Tyson Foods stock traded up $0.77 during mid-day trading on Friday, reaching $61.30. 1,699,533 shares of the company were exchanged, compared to its average volume of 2,470,202. The business has a fifty day moving average of $57.74 and a 200 day moving average of $59.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The firm has a market cap of $21.84 billion, a P/E ratio of 20.71, a PEG ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 12-month low of $53.59 and a 12-month high of $66.88.

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Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS 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 firm had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business'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 firm 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 dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. Tyson Foods's dividend payout ratio is presently 67.57%.

Analysts Set New Price Targets

A number of research analysts have recently commented on TSN shares. Stephens upped 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. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Barclays dropped their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Tyson Foods currently has an average rating of "Hold" and a consensus price target of $61.10.

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.