iSAM Funds UK Ltd acquired a new stake in Tyson Foods, Inc. (NYSE:TSN – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 7,874 shares of the company’s stock, valued at approximately $467,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Glass Jacobson Investment Advisors llc acquired a new position in Tyson Foods during the fourth quarter worth approximately $26,000. AdvisorNet Financial Inc increased its stake in Tyson Foods by 43.2% during the 1st quarter. AdvisorNet Financial Inc now owns 610 shares of the company’s stock worth $36,000 after acquiring an additional 184 shares during the period. Riverpoint Wealth Management Holdings LLC acquired a new position in Tyson Foods in the fourth quarter valued at about $37,000. Lindbrook Capital LLC lifted its holdings in shares of Tyson Foods by 75.0% during the 1st quarter. Lindbrook Capital LLC now owns 714 shares of the company’s stock worth $42,000 after acquiring an additional 306 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Tyson Foods in the 1st quarter valued at $45,000. 64.09% of the stock is owned by institutional investors and hedge funds.
Tyson Foods Stock Down 0.1 %
TSN stock traded down $0.07 on Wednesday, reaching $53.66. 582,043 shares of the company traded hands, compared to its average volume of 3,372,919. The firm has a fifty day simple moving average of $52.41 and a 200-day simple moving average of $55.97. The company has a market cap of $19.08 billion, a P/E ratio of 58.40 and a beta of 0.78. Tyson Foods, Inc. has a one year low of $47.11 and a one year high of $82.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.80 and a quick ratio of 0.71.
Tyson Foods (NYSE:TSN – Get Free Report) last issued its earnings results on Monday, August 7th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). Tyson Foods had a return on equity of 4.77% and a net margin of 0.64%. The business had revenue of $13.14 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same period last year, the firm posted $1.94 EPS. Tyson Foods’s quarterly revenue was down 2.6% compared to the same quarter last year. Research analysts anticipate that Tyson Foods, Inc. will post 1.31 earnings per share for the current year.
Tyson Foods Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.58%. Tyson Foods’s dividend payout ratio (DPR) is presently 208.70%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on TSN shares. The Goldman Sachs Group decreased their target price on shares of Tyson Foods from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, April 20th. StockNews.com cut Tyson Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Piper Sandler reduced their price objective on shares of Tyson Foods from $62.00 to $49.00 in a research note on Tuesday, May 9th. Barclays cut their target price on Tyson Foods from $52.00 to $50.00 in a research report on Thursday, June 1st. Finally, Bank of America decreased their price target on shares of Tyson Foods from $56.00 to $48.00 in a research note on Tuesday, May 9th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.75.
Get Our Latest Report on Tyson Foods
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 live market 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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