Mutual of America Capital Management LLC boosted its position in Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,880 shares of the company’s stock after buying an additional 722 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Tyson Foods were worth $3,432,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arlington Partners LLC purchased a new position in Tyson Foods in the second quarter valued at about $25,000. Core Alternative Capital boosted its stake in shares of Tyson Foods by 136.2% during the 2nd quarter. Core Alternative Capital now owns 307 shares of the company’s stock valued at $26,000 after buying an additional 177 shares during the last quarter. Hallmark Capital Management Inc. acquired a new stake in shares of Tyson Foods during the second quarter worth approximately $26,000. Tcwp LLC bought a new stake in shares of Tyson Foods in the first quarter worth $28,000. Finally, Artemis Wealth Advisors LLC acquired a new stake in Tyson Foods in the second quarter valued at $31,000. 68.55% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Piper Sandler dropped their target price on shares of Tyson Foods from $79.00 to $68.00 in a research report on Thursday, October 27th. BMO Capital Markets lowered their price objective on Tyson Foods from $90.00 to $75.00 and set a “market perform” rating for the company in a report on Tuesday, November 15th. The Goldman Sachs Group cut their price objective on Tyson Foods from $111.00 to $97.00 and set a “buy” rating on the stock in a research note on Monday, November 7th. StockNews.com lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on Tyson Foods from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $81.22.
Tyson Foods Stock Performance
Tyson Foods (NYSE:TSN – Get Rating) last issued its quarterly earnings data on Monday, November 14th. The company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.07). Tyson Foods had a net margin of 6.08% and a return on equity of 16.62%. The firm had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.49 billion. During the same quarter in the prior year, the business earned $2.30 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, research analysts predict that Tyson Foods, Inc. will post 6.63 EPS for the current year.
Tyson Foods Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be paid a $0.48 dividend. This is a boost from Tyson Foods’s previous quarterly dividend of $0.46. The ex-dividend date is Tuesday, February 28th. This represents a $1.92 annualized dividend and a dividend yield of 2.93%. Tyson Foods’s dividend payout ratio is presently 20.63%.
Tyson Foods Profile
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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