Korea Investment CORP Has $5.97 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Korea Investment CORP lifted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 62.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,859 shares of the company's stock after purchasing an additional 40,112 shares during the quarter. Korea Investment CORP's holdings in Tyson Foods were worth $5,966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSN. Riverview Trust Co increased its position in shares of Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after acquiring an additional 445 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after purchasing an additional 570 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after purchasing an additional 229 shares in the last quarter. TCTC Holdings LLC boosted its holdings in shares of Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after buying an additional 387 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in shares of Tyson Foods in the fourth quarter valued at $42,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

NYSE:TSN traded down $3.71 during mid-day trading on Friday, reaching $59.85. 3,322,206 shares of the company's stock were exchanged, compared to its average volume of 2,300,256. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The business's fifty day simple moving average is $59.77 and its two-hundred day simple moving average is $59.63. The firm has a market capitalization of $21.32 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62.

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

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio is presently 67.57%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TSN. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Stephens upped their price objective 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. Barclays reduced 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. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a research note on Tuesday, February 4th. Finally, UBS Group assumed coverage on Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target for the company. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and an average 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.