Fisher Asset Management LLC Has $2.85 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

Fisher Asset Management LLC boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 26.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,588 shares of the company's stock after purchasing an additional 10,370 shares during the period. Fisher Asset Management LLC's holdings in Tyson Foods were worth $2,848,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its position in shares of Tyson Foods by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company's stock worth $1,160,000 after purchasing an additional 172 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Tyson Foods by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company's stock worth $643,000 after acquiring an additional 184 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company's stock valued at $2,908,000 after acquiring an additional 189 shares during the period. Naples Global Advisors LLC boosted its holdings in Tyson Foods by 1.0% in the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company's stock valued at $1,137,000 after acquiring an additional 202 shares during the last quarter. Finally, Empirical Finance LLC increased its position in Tyson Foods by 2.1% in the third quarter. Empirical Finance LLC now owns 9,957 shares of the company's stock worth $593,000 after purchasing an additional 206 shares during the period. Institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TSN. 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. UBS Group started coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price for the company. Stephens increased their price target 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. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a research note on Tuesday, February 4th. Finally, HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $61.10.

Tyson Foods Stock Performance

Shares of TSN opened at $60.79 on Thursday. The firm's 50 day moving average price is $57.63 and its two-hundred day moving average price is $60.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a twelve month low of $53.08 and a twelve month high of $66.88. The firm has a market cap of $21.65 billion, a P/E ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.72.

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 analysts' consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion during 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 company's revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. On average, analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio is presently 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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