Tyson Foods, Inc. (NYSE:TSN) Shares Bought by F M Investments LLC

F M Investments LLC boosted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 60.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 99,902 shares of the company's stock after buying an additional 37,484 shares during the period. F M Investments LLC's holdings in Tyson Foods were worth $5,950,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Farther Finance Advisors LLC increased its stake in Tyson Foods by 5.8% during the third quarter. Farther Finance Advisors LLC now owns 4,217 shares of the company's stock worth $251,000 after acquiring an additional 232 shares during the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in Tyson Foods during the third quarter worth approximately $553,000. Pinnacle Associates Ltd. increased its position in shares of Tyson Foods by 12.6% in the third quarter. Pinnacle Associates Ltd. now owns 10,697 shares of the company's stock worth $637,000 after acquiring an additional 1,201 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in shares of Tyson Foods by 29.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,829 shares of the company's stock valued at $585,000 after acquiring an additional 2,252 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in shares of Tyson Foods by 10.1% during the 3rd quarter. New York State Teachers Retirement System now owns 298,041 shares of the company's stock valued at $17,751,000 after acquiring an additional 27,449 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TSN shares. Bank of America cut their price objective on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. StockNews.com upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Piper Sandler downgraded shares of Tyson Foods from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $57.00 to $50.00 in a research note on Wednesday, September 25th. BMO Capital Markets upped their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the company a "market perform" rating in a research report on Tuesday, August 6th. Finally, Citigroup dropped their target price on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $59.22.

Tyson Foods Stock Down 0.4 %

Tyson Foods stock traded down $0.23 during midday trading on Friday, hitting $58.36. The stock had a trading volume of 1,890,039 shares, compared to its average volume of 1,715,426. The business has a fifty day moving average price of $60.85 and a 200 day moving average price of $59.71. Tyson Foods, Inc. has a 12 month low of $45.13 and a 12 month high of $66.88. The stock has a market cap of $20.77 billion, a P/E ratio of -972.67, a P/E/G ratio of 0.38 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 (NYSE:TSN - Get Free Report) last issued its earnings results 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 negative net margin of 0.01% and a positive return on equity of 4.97%. The company had revenue of $13.35 billion for the quarter, compared to analysts' expectations of $13.21 billion. During the same period in the prior year, the company earned $0.15 earnings per share. The firm's revenue was up 1.6% compared to the same quarter last year. Research analysts predict that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Friday, November 29th. Tyson Foods's dividend payout ratio (DPR) is -3,266.67%.

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.