Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by AIA Group Ltd

AIA Group Ltd grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 117.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,370 shares of the company's stock after acquiring an additional 8,299 shares during the period. AIA Group Ltd's holdings in Tyson Foods were worth $883,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of Tyson Foods by 10.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock worth $109,000 after buying an additional 173 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Tyson Foods by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company's stock valued at $643,000 after purchasing an additional 184 shares during the period. Naples Global Advisors LLC raised its holdings in shares of Tyson Foods by 1.0% in the 4th quarter. Naples Global Advisors LLC now owns 19,794 shares of the company's stock valued at $1,137,000 after purchasing an additional 202 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Tyson Foods by 1.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company's stock worth $1,131,000 after purchasing an additional 210 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after purchasing an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

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Tyson Foods Price Performance

Shares of NYSE TSN traded down $0.34 during mid-day trading on Wednesday, reaching $62.77. The company's stock had a trading volume of 1,527,781 shares, compared to its average volume of 2,298,311. The stock has a 50-day moving average of $59.55 and a two-hundred day moving average of $59.64. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The stock has a market capitalization of $22.36 billion, a P/E ratio of 21.21, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88.

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

Tyson Foods Announces Dividend

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 3.19%. Tyson Foods's dividend payout ratio (DPR) is 67.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens upped their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Citigroup lowered their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $61.10.

About Tyson Foods

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.