DekaBank Deutsche Girozentrale Has $2.93 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

DekaBank Deutsche Girozentrale lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 55,019 shares of the company’s stock after acquiring an additional 323 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Tyson Foods were worth $2,932,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TSN. Sugarloaf Wealth Management LLC increased its holdings in Tyson Foods by 74.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after purchasing an additional 254 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after purchasing an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares in the last quarter. Finally, First Financial Corp IN acquired a new position in Tyson Foods in the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

TSN has been the subject of a number of recent research reports. Barclays upped their target price on Tyson Foods from $50.00 to $53.00 and gave the stock an “underweight” rating in a report on Tuesday, February 6th. Piper Sandler upped their price target on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price target for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. Finally, Stephens reiterated an “overweight” rating and issued a $70.00 price target on shares of Tyson Foods in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $58.20.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $57.78 on Friday. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $63.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. The stock’s 50-day moving average is $55.71 and its 200 day moving average is $52.15.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 2.35 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.39%. Tyson Foods’s payout ratio is currently -79.35%.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.05% of the company’s stock.

About Tyson Foods

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 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, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.