Farringdon Capital Ltd. acquired a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,169 shares of the company's stock, valued at approximately $239,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TSN. Barclays PLC raised its stake in Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after acquiring an additional 446,648 shares in the last quarter. Virtu Financial LLC acquired a new position in Tyson Foods in the third quarter valued at about $1,241,000. Arvest Bank Trust Division bought a new stake in Tyson Foods during the third quarter worth about $270,000. Tidal Investments LLC increased its holdings 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 worth $2,803,000 after buying an additional 12,830 shares in the last quarter. Finally, Synovus Financial Corp raised its stake in shares of Tyson Foods by 12.9% in the third quarter. Synovus Financial Corp now owns 6,286 shares of the company's stock valued at $374,000 after acquiring an additional 720 shares during the last quarter. 67.00% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
TSN has been the subject of several research analyst reports. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective for the company. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Piper Sandler upgraded shares of 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. Barclays lowered their target price on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Finally, Stephens raised their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $61.78.
View Our Latest Research Report on Tyson Foods
Tyson Foods Stock Down 1.1 %
TSN stock traded down $0.68 during midday trading on Thursday, hitting $61.35. The company's stock had a trading volume of 2,124,458 shares, compared to its average volume of 2,332,656. The company's fifty day moving average price is $60.62 and its 200 day moving average price is $59.69. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The stock has a market capitalization of $21.85 billion, a P/E ratio of 20.73, a PEG ratio of 0.74 and a beta of 0.62.
Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods's revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.
Tyson Foods Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.26%. Tyson Foods's payout ratio is 67.57%.
Tyson Foods Company Profile
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Free Report)
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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