Mirabella Financial Services LLP Acquires Shares of 154,400 Tyson Foods, Inc. (NYSE:TSN)

Mirabella Financial Services LLP acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 154,400 shares of the company's stock, valued at approximately $8,861,000.

Other institutional investors have also recently made changes to their positions in the company. MML Investors Services LLC grew its position in Tyson Foods by 11.8% during the 4th quarter. MML Investors Services LLC now owns 32,028 shares of the company's stock worth $1,840,000 after purchasing an additional 3,371 shares during the last quarter. Mach 1 Financial Group LLC lifted its stake in shares of Tyson Foods by 66.8% during the fourth quarter. Mach 1 Financial Group LLC now owns 16,503 shares of the company's stock worth $948,000 after buying an additional 6,610 shares during the period. MetLife Investment Management LLC increased its position in shares of Tyson Foods by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 75,576 shares of the company's stock valued at $4,341,000 after acquiring an additional 1,339 shares during the period. Natixis raised its stake in Tyson Foods by 20.1% in the 4th quarter. Natixis now owns 86,166 shares of the company's stock worth $4,949,000 after acquiring an additional 14,397 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in Tyson Foods by 1.7% during the 4th quarter. Norinchukin Bank The now owns 11,002 shares of the company's stock worth $632,000 after acquiring an additional 184 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TSN. Piper Sandler upgraded 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. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens increased their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Citigroup boosted their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Finally, Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $61.78.

Tyson Foods Stock Performance

TSN traded down $0.68 on Thursday, reaching $61.35. The stock had a trading volume of 2,124,769 shares, compared to its average volume of 2,332,659. The business's 50-day moving average price is $60.62 and its two-hundred day moving average price is $59.69. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The company has a market cap of $21.85 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share 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 company had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. Tyson Foods's quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Friday, May 30th. Tyson Foods's payout ratio is 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.