Tyson Foods, Inc. (NYSE:TSN) Position Boosted by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 565,696 shares of the company's stock after acquiring an additional 13,711 shares during the period. Rhumbline Advisers owned approximately 0.16% of Tyson Foods worth $32,493,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TSN. Crossmark Global Holdings Inc. increased its holdings in Tyson Foods by 0.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company's stock valued at $1,160,000 after purchasing an additional 172 shares in the last quarter. Signaturefd LLC boosted its position in shares of Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company's stock worth $162,000 after buying an additional 175 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Tyson Foods by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company's stock valued at $643,000 after buying an additional 184 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Tyson Foods by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company's stock valued at $2,908,000 after buying an additional 189 shares during the period. Finally, Naples Global Advisors LLC lifted its position in Tyson Foods by 1.0% during the 4th quarter. Naples Global Advisors LLC now owns 19,794 shares of the company's stock worth $1,137,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Up 2.2 %

Shares of TSN stock traded up $1.32 during trading hours on Friday, hitting $60.43. 3,322,503 shares of the company were exchanged, compared to its average volume of 2,494,717. The stock has a market capitalization of $21.52 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 0.72 and a beta of 0.80. Tyson Foods, Inc. has a one year low of $52.11 and a one year high of $66.88. The business's 50-day simple moving average is $57.22 and its two-hundred day simple moving average is $60.06. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. Sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.31%. Tyson Foods's payout ratio is 67.57%.

Wall Street Analysts Forecast Growth

TSN has been the subject of several recent research reports. UBS Group started coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective for the company. Stephens raised their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a report on Tuesday, February 4th. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, BMO Capital Markets lifted their target price on Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $61.10.

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.