National Pension Service increased its position in shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 526,618 shares of the company’s stock after purchasing an additional 4,801 shares during the quarter. National Pension Service’s holdings in Tyson Foods were worth $35,204,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of TSN. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in Tyson Foods by 94.9% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 317,286 shares of the company’s stock valued at $28,439,000 after acquiring an additional 154,507 shares during the period. Markel Corp lifted its holdings in Tyson Foods by 2.1% in the first quarter. Markel Corp now owns 384,500 shares of the company’s stock valued at $34,463,000 after acquiring an additional 8,000 shares during the period. Aviva PLC lifted its holdings in Tyson Foods by 25.5% in the first quarter. Aviva PLC now owns 121,466 shares of the company’s stock valued at $10,887,000 after acquiring an additional 24,669 shares during the period. Prudential PLC acquired a new position in Tyson Foods in the first quarter valued at approximately $747,000. Finally, Vanguard Group Inc. lifted its holdings in Tyson Foods by 6.4% in the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock valued at $3,332,404,000 after acquiring an additional 2,239,235 shares during the period. Institutional investors and hedge funds own 66.64% of the company’s stock.
Tyson Foods Stock Up 0.7 %
Shares of TSN opened at $58.53 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.66 and a current ratio of 1.75. Tyson Foods, Inc. has a one year low of $56.07 and a one year high of $99.54. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 8.70 and a beta of 0.75. The stock has a 50 day moving average price of $62.05 and a 200 day moving average price of $65.24.
Tyson Foods Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.28%. The ex-dividend date is Wednesday, May 31st. Tyson Foods’s payout ratio is currently 28.53%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on TSN. Bank of America decreased their price target on Tyson Foods from $62.00 to $56.00 and set an “underperform” rating for the company in a report on Tuesday, February 7th. Piper Sandler reduced their target price on Tyson Foods from $68.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, February 1st. The Goldman Sachs Group downgraded Tyson Foods from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $91.00 to $66.00 in a research note on Monday, February 6th. Barclays downgraded Tyson Foods from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $89.00 to $58.00 in a research note on Monday, November 28th. Finally, TheStreet downgraded Tyson Foods from a “b-” rating to a “c+” rating in a research note on Thursday, December 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $68.00.
Tyson Foods Company Profile
Tyson Foods, Inc engages in the production of frozen and refrigerated food products. It operates through the following segments: Beef, Pork, Chicken, and Prepared Foods. The Beef segment includes processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products.
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