Robeco Institutional Asset Management B.V. Buys 252,635 Shares of Tyson Foods, Inc. (NYSE:TSN)

Robeco Institutional Asset Management B.V. grew its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 149.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 421,827 shares of the company's stock after buying an additional 252,635 shares during the period. Robeco Institutional Asset Management B.V. owned 0.12% of Tyson Foods worth $25,124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSN. Davis Selected Advisers acquired a new stake in Tyson Foods during the 2nd quarter valued at $177,439,000. Pzena Investment Management LLC boosted its holdings in shares of 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 buying an additional 1,939,508 shares during the period. Jupiter Asset Management Ltd. acquired a new position in Tyson Foods in the 2nd quarter valued at about $29,537,000. Van ECK Associates Corp raised its holdings in Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company's stock valued at $72,839,000 after acquiring an additional 398,404 shares during the period. Finally, National Bank of Canada FI raised its holdings in Tyson Foods by 138.7% in the 1st quarter. National Bank of Canada FI now owns 579,079 shares of the company's stock valued at $34,542,000 after acquiring an additional 336,487 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Price Performance

TSN traded down $0.10 on Wednesday, hitting $59.16. 1,825,619 shares of the stock were exchanged, compared to its average volume of 2,434,743. The firm has a market capitalization of $21.05 billion, a price-to-earnings ratio of -986.00, a PEG ratio of 0.37 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. Tyson Foods, Inc. has a 12 month low of $45.13 and a 12 month high of $66.88. The business has a 50-day moving average of $60.51 and a two-hundred day moving average of $59.70.

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, 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 business had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same quarter last year, the business posted $0.15 EPS. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods's dividend payout ratio is presently -3,266.67%.

Analyst Upgrades and Downgrades

TSN has been the topic of several research reports. BMO Capital Markets upped their target price on Tyson Foods from $58.00 to $60.00 and gave the company a "market perform" rating in a research report on Tuesday, August 6th. Piper Sandler lowered Tyson Foods from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. Citigroup dropped their target price on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Barclays boosted their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research report on Monday, September 9th. Finally, Stephens started coverage on shares of Tyson Foods in a research report on Thursday, October 3rd. They set an "equal weight" rating and a $57.00 price target on the stock. 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 data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and a consensus price target of $59.22.

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.