Polianta Ltd Invests $1.22 Million in Tyson Foods, Inc. (NYSE:TSN)

Polianta Ltd acquired a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,500 shares of the company's stock, valued at approximately $1,220,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Retirement Systems of Alabama lifted its position in Tyson Foods by 0.5% in the first quarter. Retirement Systems of Alabama now owns 63,199 shares of the company's stock worth $3,712,000 after purchasing an additional 337 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Tyson Foods by 100.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company's stock worth $606,000 after buying an additional 5,175 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Tyson Foods by 149.2% during the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company's stock worth $1,121,000 after buying an additional 11,425 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Tyson Foods by 21.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company's stock valued at $14,388,000 after purchasing an additional 44,167 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in Tyson Foods by 26.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,837 shares of the company's stock worth $519,000 after acquiring an additional 1,841 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TSN shares. Piper Sandler lowered shares of Tyson Foods from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. Stephens started coverage on Tyson Foods in a research report on Thursday, October 3rd. They issued an "equal weight" rating and a $57.00 price objective for the company. StockNews.com upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective 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. Finally, Bank of America decreased their price target on Tyson Foods from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $59.00.

Tyson Foods Price Performance

NYSE:TSN traded up $1.02 on Monday, hitting $59.85. The company had a trading volume of 1,574,762 shares, compared to its average volume of 2,484,384. The firm has a 50 day moving average of $61.72 and a two-hundred day moving average of $59.64. The stock has a market capitalization of $21.37 billion, a price-to-earnings ratio of -33.05, a PEG ratio of 0.34 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $66.88.

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

Tyson Foods Dividend Announcement

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 paid a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.27%. Tyson Foods's dividend payout ratio is -110.11%.

About Tyson Foods

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.