Groupama Asset Managment Acquires 23,194 Shares of Tyson Foods, Inc. (NYSE:TSN)

Groupama Asset Managment raised its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 163.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,393 shares of the company's stock after buying an additional 23,194 shares during the quarter. Groupama Asset Managment's holdings in Tyson Foods were worth $2,137,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Tyson Foods by 10.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock worth $109,000 after purchasing an additional 173 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Tyson Foods by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company's stock valued at $643,000 after buying an additional 184 shares during the period. Naples Global Advisors LLC grew its position in Tyson Foods by 1.0% during the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company's stock worth $1,137,000 after buying an additional 202 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Tyson Foods by 1.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company's stock valued at $1,131,000 after acquiring an additional 210 shares during the period. Finally, SRS Capital Advisors Inc. raised its holdings in Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after acquiring an additional 229 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on TSN shares. UBS Group assumed coverage on Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective on the stock. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Citigroup dropped their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a 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, Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price 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 assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $61.10.

Tyson Foods Trading Down 2.5 %

NYSE TSN traded down $1.49 on Monday, reaching $58.32. The company had a trading volume of 972,768 shares, compared to its average volume of 2,295,155. 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 52 week low of $53.61 and a 52 week high of $66.88. The stock has a market cap of $20.77 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 0.74 and a beta of 0.62. The stock's 50 day moving average is $59.77 and its 200-day moving average is $59.62.

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

Tyson Foods Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) 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.