Tobam Increases Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Tobam raised its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 162.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,208 shares of the company's stock after purchasing an additional 41,643 shares during the period. Tobam's holdings in Tyson Foods were worth $4,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in Tyson Foods by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company's stock valued at $804,450,000 after purchasing an additional 128,274 shares during the last quarter. Pzena Investment Management LLC raised its stake in Tyson Foods by 18.4% during the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company's stock worth $713,654,000 after acquiring an additional 1,939,508 shares in the last quarter. Wellington Management Group LLP lifted its position in Tyson Foods by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company's stock valued at $555,541,000 after acquiring an additional 606,518 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in Tyson Foods by 76.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company's stock valued at $181,122,000 after acquiring an additional 1,465,139 shares in the last quarter. Finally, Davis Selected Advisers purchased a new position in shares of Tyson Foods during the second quarter worth about $177,439,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TSN. StockNews.com raised Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. Stephens began coverage on shares of Tyson Foods in a report on Thursday, October 3rd. They issued an "equal weight" rating and a $57.00 target price on the stock. Piper Sandler cut shares of Tyson Foods from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $57.00 to $50.00 in a research note on Wednesday, September 25th. Barclays lifted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $59.00.

Tyson Foods Price Performance

Shares of NYSE:TSN traded down $0.09 on Thursday, reaching $58.19. 2,142,800 shares of the company were exchanged, compared to its average volume of 2,494,011. The company has a 50-day moving average of $61.82 and a 200-day moving average of $59.63. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of -32.75, a price-to-earnings-growth ratio of 0.34 and a beta of 0.78. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $66.88.

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

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.37%. Tyson Foods's dividend payout ratio is presently -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.