Groupama Asset Managment Has $2.14 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Groupama Asset Managment increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 163.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,393 shares of the company's stock after acquiring an additional 23,194 shares during the period. Groupama Asset Managment's holdings in Tyson Foods were worth $2,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Tyson Foods by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock valued at $2,051,433,000 after purchasing an additional 325,361 shares during the period. State Street Corp boosted its stake in Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after buying an additional 859,351 shares in the last quarter. Geode Capital Management LLC grew its position in Tyson Foods by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock valued at $400,712,000 after acquiring an additional 178,785 shares during the period. Bank of New York Mellon Corp raised 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 worth $190,454,000 after acquiring an additional 427,582 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Tyson Foods during the fourth quarter valued at $175,086,000. Institutional investors own 67.00% of the company's stock.

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Tyson Foods Trading Down 5.8 %

Tyson Foods stock traded down $3.71 during mid-day trading on Friday, hitting $59.85. The stock had a trading volume of 3,322,206 shares, compared to its average volume of 2,298,667. The stock has a 50-day simple moving average of $59.77 and a two-hundred day simple moving average of $59.65. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $21.32 billion, a PE ratio of 20.22, a P/E/G ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88.

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, beating analysts' consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed 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 is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. Tyson Foods's payout ratio is 67.57%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TSN. Stephens increased their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. UBS Group assumed coverage on Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target on the stock. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. Finally, Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.