Credit Industriel ET Commercial Makes New Investment in Tyson Foods, Inc. (NYSE:TSN)

Credit Industriel ET Commercial bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,500 shares of the company's stock, valued at approximately $316,000.

Several other large investors have also recently modified their holdings of TSN. Barclays PLC raised its position in Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after purchasing an additional 446,648 shares during the last quarter. Virtu Financial LLC purchased a new position in Tyson Foods during the 3rd quarter valued at $1,241,000. Arvest Bank Trust Division bought a new stake in shares of Tyson Foods during the 3rd quarter valued at about $270,000. Tidal Investments LLC increased its position in shares of Tyson Foods by 37.5% during the third quarter. Tidal Investments LLC now owns 47,059 shares of the company's stock valued at $2,803,000 after buying an additional 12,830 shares during the period. Finally, Synovus Financial Corp raised its position in shares of Tyson Foods by 12.9% in the 3rd quarter. Synovus Financial Corp now owns 6,286 shares of the company's stock worth $374,000 after acquiring an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TSN shares. Citigroup increased their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. UBS Group began coverage on Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target on the stock. 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. Stephens upped their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. 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 report on Tuesday, February 4th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $61.78.

Tyson Foods Price Performance

NYSE:TSN 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 12 month low of $53.61 and a 12 month high of $66.88. The business's 50-day moving average is $60.62 and its 200 day moving average is $59.69. The company has a market capitalization of $22.08 billion, a P/E ratio of 20.94, a P/E/G ratio of 0.74 and a beta of 0.62.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same period last year, the firm posted $0.69 earnings per share. Tyson Foods's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

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

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