National Bank of Canada FI increased its position in shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 8.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 59,928 shares of the company’s stock after purchasing an additional 4,680 shares during the quarter. National Bank of Canada FI’s holdings in Tyson Foods were worth $3,730,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Strategic Investment Advisors MI raised its position in shares of Tyson Foods by 1.6% during the 3rd quarter. Strategic Investment Advisors MI now owns 9,940 shares of the company’s stock valued at $655,000 after buying an additional 158 shares during the period. GHP Investment Advisors Inc. raised its position in Tyson Foods by 79.7% in the third quarter. GHP Investment Advisors Inc. now owns 372 shares of the company’s stock valued at $25,000 after purchasing an additional 165 shares during the period. Zullo Investment Group Inc. raised its position in Tyson Foods by 21.5% in the third quarter. Zullo Investment Group Inc. now owns 948 shares of the company’s stock valued at $63,000 after purchasing an additional 168 shares during the period. Greenwood Gearhart Inc. raised its position in Tyson Foods by 0.5% in the third quarter. Greenwood Gearhart Inc. now owns 33,221 shares of the company’s stock valued at $2,190,000 after purchasing an additional 168 shares during the period. Finally, Unison Advisors LLC raised its position in Tyson Foods by 0.7% in the fourth quarter. Unison Advisors LLC now owns 24,115 shares of the company’s stock valued at $1,501,000 after purchasing an additional 171 shares during the period. Hedge funds and other institutional investors own 66.64% of the company’s stock.
Analyst Ratings Changes
Several equity analysts have commented on the stock. Piper Sandler dropped their price target on shares of Tyson Foods from $68.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, February 1st. TheStreet downgraded shares of Tyson Foods from a “b-” rating to a “c+” rating in a research note on Thursday, December 22nd. Sanford C. Bernstein dropped their price target on shares of Tyson Foods to $76.00 in a research note on Monday, December 12th. JPMorgan Chase & Co. lowered their target price on shares of Tyson Foods from $69.00 to $63.00 and set a “neutral” rating for the company in a research note on Tuesday, February 7th. Finally, StockNews.com started coverage on shares of Tyson Foods in a research note on Thursday, March 16th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have been given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $68.00.
Tyson Foods Price Performance
NYSE TSN opened at $59.61 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40. The stock has a market cap of $21.20 billion, a price-to-earnings ratio of 8.86 and a beta of 0.75. Tyson Foods, Inc. has a 52 week low of $55.81 and a 52 week high of $99.54. The company has a 50-day moving average price of $59.89 and a two-hundred day moving average price of $63.49.
Tyson Foods (NYSE:TSN – Get Rating) last released its quarterly earnings data on Monday, February 6th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.50). The company had revenue of $13.26 billion during the quarter, compared to analyst estimates of $13.51 billion. Tyson Foods had a net margin of 4.54% and a return on equity of 12.41%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.87 EPS. Analysts forecast that Tyson Foods, Inc. will post 4.15 EPS for the current year.
Tyson Foods Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.48 per share. The ex-dividend date is Wednesday, May 31st. This represents a $1.92 annualized dividend and a dividend yield of 3.22%. Tyson Foods’ dividend payout ratio (DPR) is 28.53%.
About Tyson Foods
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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