Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by DnB Asset Management AS

DnB Asset Management AS lifted its holdings in Tyson Foods, Inc. (NYSE:TSNGet Rating) by 16.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,164 shares of the company’s stock after purchasing an additional 7,578 shares during the period. DnB Asset Management AS’s holdings in Tyson Foods were worth $4,575,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Legacy Private Trust Co. grew its holdings in shares of Tyson Foods by 23.6% in the second quarter. Legacy Private Trust Co. now owns 32,394 shares of the company’s stock valued at $2,788,000 after purchasing an additional 6,180 shares in the last quarter. Moody National Bank Trust Division acquired a new position in Tyson Foods during the 2nd quarter worth approximately $313,000. Vigilant Capital Management LLC grew its holdings in Tyson Foods by 30.6% during the 2nd quarter. Vigilant Capital Management LLC now owns 2,135 shares of the company’s stock worth $184,000 after acquiring an additional 500 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in Tyson Foods by 10.1% during the 2nd quarter. Capital Investment Advisors LLC now owns 175,188 shares of the company’s stock worth $15,077,000 after acquiring an additional 16,054 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its holdings in Tyson Foods by 5.3% during the 1st quarter. J.W. Cole Advisors Inc. now owns 4,821 shares of the company’s stock worth $432,000 after acquiring an additional 241 shares in the last quarter. Institutional investors and hedge funds own 68.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TSN shares. StockNews.com cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Stephens lowered their price target on shares of Tyson Foods from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $79.00 price target for the company in a report on Tuesday, August 9th. They noted that the move was a valuation call. Argus cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Finally, BMO Capital Markets lowered their target price on shares of Tyson Foods from $99.00 to $90.00 in a report on Tuesday, August 9th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $93.13.

Tyson Foods Stock Up 0.6 %

TSN stock opened at $72.44 on Tuesday. The company has a fifty day moving average price of $80.27 and a 200 day moving average price of $85.94. Tyson Foods, Inc. has a 12 month low of $71.41 and a 12 month high of $100.72. The company has a market cap of $26.05 billion, a price-to-earnings ratio of 6.51 and a beta of 0.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 0.85.

Tyson Foods (NYSE:TSNGet Rating) last released its quarterly earnings results on Monday, August 8th. The company reported $1.94 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.03). Tyson Foods had a net margin of 7.75% and a return on equity of 18.42%. The business had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter last year, the company earned $2.70 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts expect that Tyson Foods, Inc. will post 8.85 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.46 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $1.84 annualized dividend and a yield of 2.54%. Tyson Foods’s dividend payout ratio (DPR) is 16.53%.

Tyson Foods Profile

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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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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