Raymond James Trust N.A. acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,484 shares of the company’s stock, valued at approximately $230,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Campion Asset Management boosted its stake in Tyson Foods by 5.2% during the second quarter. Campion Asset Management now owns 2,525 shares of the company’s stock worth $217,000 after buying an additional 125 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in Tyson Foods by 3.9% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,552 shares of the company’s stock worth $306,000 after buying an additional 132 shares during the period. Krilogy Financial LLC boosted its stake in Tyson Foods by 5.0% during the second quarter. Krilogy Financial LLC now owns 2,924 shares of the company’s stock worth $252,000 after buying an additional 138 shares during the period. Horan Securities Inc. boosted its stake in shares of Tyson Foods by 7.5% during the second quarter. Horan Securities Inc. now owns 2,072 shares of the company’s stock valued at $170,000 after purchasing an additional 145 shares during the period. Finally, Kendall Capital Management boosted its stake in shares of Tyson Foods by 2.1% during the second quarter. Kendall Capital Management now owns 7,045 shares of the company’s stock valued at $606,000 after purchasing an additional 145 shares during the period. 66.64% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Piper Sandler lowered their target price on shares of Tyson Foods from $79.00 to $68.00 in a research note on Thursday, October 27th. Bank of America lowered shares of Tyson Foods from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $73.00 to $61.00 in a research note on Wednesday, November 9th. BMO Capital Markets lowered their target price on shares of Tyson Foods from $90.00 to $75.00 and set a “market perform” rating for the company in a research note on Tuesday, November 15th. Barclays lowered shares of Tyson Foods from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $89.00 to $58.00 in a research note on Monday, November 28th. Finally, The Goldman Sachs Group decreased their price objective on Tyson Foods from $111.00 to $97.00 and set a “buy” rating for the company in a report on Monday, November 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average target price of $75.00.
Tyson Foods Stock Performance
Shares of Tyson Foods stock opened at $64.98 on Tuesday. The company has a market capitalization of $23.37 billion, a PE ratio of 7.28 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.81. The company has a 50-day simple moving average of $64.40 and a two-hundred day simple moving average of $71.55. Tyson Foods, Inc. has a one year low of $59.38 and a one year high of $100.72.
Tyson Foods (NYSE:TSN – Get Rating) last announced its earnings results on Monday, November 14th. The company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.07). Tyson Foods had a return on equity of 16.62% and a net margin of 6.08%. 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 firm posted $2.30 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts expect that Tyson Foods, Inc. will post 6.36 EPS for the current fiscal year.
Tyson Foods Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $1.92 annualized dividend and a dividend yield of 2.95%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.46. Tyson Foods’s dividend payout ratio is 21.52%.
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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