Tower Research Capital LLC TRC Has $2.59 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Tower Research Capital LLC TRC increased its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 188.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,129 shares of the company's stock after purchasing an additional 29,457 shares during the period. Tower Research Capital LLC TRC's holdings in Tyson Foods were worth $2,592,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Tyson Foods by 44.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock worth $67,917,000 after buying an additional 352,863 shares in the last quarter. Handelsbanken Fonder AB raised its position in Tyson Foods by 17.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after acquiring an additional 729 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Tyson Foods by 14.0% in the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock valued at $3,248,000 after acquiring an additional 6,955 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Tyson Foods by 289.9% during the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after purchasing an additional 18,059 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of Tyson Foods in the 4th quarter worth approximately $775,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Down 1.1 %

Shares of NYSE:TSN traded down $0.68 during trading on Thursday, reaching $61.35. 2,124,769 shares of the company traded hands, compared to its average volume of 2,334,801. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a market cap of $21.85 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. The firm has a fifty day simple moving average of $60.71 and a 200 day simple moving average of $59.71.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. The firm 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%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. Analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. Tyson Foods's dividend payout ratio is currently 67.57%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. UBS Group initiated coverage on Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 target price on the stock. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a research note on Tuesday, February 4th. Finally, Barclays reduced their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $61.78.

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.