Essential Planning LLC. Acquires New Position in Tyson Foods, Inc. (NYSE:TSN)

Essential Planning LLC. purchased a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,943 shares of the company's stock, valued at approximately $1,264,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSN. State Street Corp boosted its position 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 during the period. Pzena Investment Management LLC grew its position in shares of 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of Tyson Foods by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company's stock worth $404,559,000 after purchasing an additional 87,054 shares during the period. Bank of New York Mellon Corp boosted its stake in Tyson Foods by 14.8% during the fourth 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. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Tyson Foods by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company's stock valued at $141,115,000 after acquiring an additional 98,799 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

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Tyson Foods Trading Down 0.3 %

Shares of NYSE:TSN traded down $0.18 on Thursday, hitting $59.96. The company had a trading volume of 1,900,860 shares, compared to its average volume of 2,519,774. The firm's 50-day simple moving average is $58.01 and its two-hundred day simple moving average is $59.94. The firm has a market capitalization of $21.36 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 0.74 and a beta of 0.72. 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 1 year low of $53.61 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted 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. The business had revenue of $13.62 billion for the quarter, compared to analysts' expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business's revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. Equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

TSN has been the topic of several research analyst reports. UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective on the stock. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a report on Tuesday, February 4th. Citigroup cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $61.10.

Tyson Foods Company 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.