UniSuper Management Pty Ltd boosted its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,299 shares of the company's stock after purchasing an additional 6,505 shares during the period. UniSuper Management Pty Ltd's holdings in Tyson Foods were worth $2,142,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock valued at $67,917,000 after buying an additional 352,863 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after purchasing an additional 729 shares during the period. Sound Income Strategies LLC lifted its position in shares of Tyson Foods by 14.0% during the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock worth $3,248,000 after purchasing an additional 6,955 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Tyson Foods by 289.9% in the fourth 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 during the period. Finally, Everence Capital Management Inc. acquired a new stake in Tyson Foods during the 4th quarter valued at $775,000. Institutional investors and hedge funds own 67.00% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on TSN. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a research report on Tuesday, February 4th. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. UBS Group assumed coverage on Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective on the stock. Stephens raised their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Finally, HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $61.10.
Get Our Latest Research Report on Tyson Foods
Tyson Foods Stock Performance
NYSE:TSN traded down $0.74 during midday trading on Tuesday, reaching $63.07. 2,630,024 shares of the company traded hands, compared to its average volume of 2,306,533. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The firm has a market capitalization of $22.47 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The company has a fifty day moving average price of $59.41 and a 200 day moving average price of $59.61.
Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods's revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. On average, analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.
Tyson Foods Announces Dividend
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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is 67.57%.
About Tyson Foods
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Free Report)
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.
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