Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by National Pension Service

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 (NYSE:TSN – Get Rating) last issued its quarterly earnings results on Monday, February 6th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.50). The firm had revenue of $13.26 billion for the quarter, compared to analysts’ expectations of $13.51 billion. Tyson Foods had a return on equity of 12.41% and a net margin of 4.54%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.87 earnings per share. Equities research analysts forecast that Tyson Foods, Inc. will post 4.15 earnings per share for the current fiscal year.

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

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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.