BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Boosts Position in Tyson Foods, Inc. (NYSE:TSN)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 60.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,839 shares of the company's stock after purchasing an additional 20,651 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Tyson Foods were worth $3,134,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TSN. Retirement Systems of Alabama raised its stake in Tyson Foods by 0.5% during the 1st quarter. Retirement Systems of Alabama now owns 63,199 shares of the company's stock valued at $3,712,000 after purchasing an additional 337 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Tyson Foods by 100.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company's stock valued at $606,000 after buying an additional 5,175 shares in the last quarter. Cetera Advisors LLC raised its position in shares of Tyson Foods by 149.2% during the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company's stock valued at $1,121,000 after buying an additional 11,425 shares during the last quarter. Eisler Capital UK Ltd. purchased a new position in shares of Tyson Foods in the fourth quarter worth $1,399,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Tyson Foods by 21.3% during the second quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company's stock worth $14,388,000 after acquiring an additional 44,167 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Piper Sandler downgraded shares of Tyson Foods from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $57.00 to $50.00 in a report on Wednesday. Bank of America cut their price objective on Tyson Foods from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. boosted their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 6th. BMO Capital Markets raised their price target on Tyson Foods from $58.00 to $60.00 and gave the company a "market perform" rating in a report on Tuesday, August 6th. Finally, Barclays upped their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and a consensus target price of $60.67.

Tyson Foods Trading Up 0.6 %

Shares of NYSE:TSN traded up $0.37 during trading on Friday, hitting $59.69. The company had a trading volume of 1,759,561 shares, compared to its average volume of 2,537,711. The stock has a market cap of $21.31 billion, a price-to-earnings ratio of -33.53, a price-to-earnings-growth ratio of 0.42 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The company has a fifty day simple moving average of $62.06 and a two-hundred day simple moving average of $59.50. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. During the same period in the previous year, the firm earned $0.15 earnings per share. Tyson Foods's quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts forecast that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.28%. The ex-dividend date is Friday, November 29th. Tyson Foods's payout ratio is currently -110.11%.

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.