abrdn plc Has $6.30 Million Position in Tyson Foods, Inc. (NYSE:TSN)

abrdn plc increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 69.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 117,217 shares of the company’s stock after purchasing an additional 48,029 shares during the quarter. abrdn plc’s holdings in Tyson Foods were worth $6,300,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sugarloaf Wealth Management LLC boosted its holdings in shares of Tyson Foods by 74.7% during the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after purchasing an additional 254 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of Tyson Foods by 501.9% during the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after purchasing an additional 517 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Tyson Foods by 47.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Tyson Foods by 306.8% during the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares during the period. Finally, Montag A & Associates Inc. acquired a new stake in shares of Tyson Foods during the third quarter worth approximately $39,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.05% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TSN shares. Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $53.00 to $69.00 in a research note on Tuesday, April 16th. Stephens reiterated an “overweight” rating and issued a $70.00 target price on shares of Tyson Foods in a research note on Tuesday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Citigroup lifted their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, The Goldman Sachs Group lifted their target price on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $58.80.

Tyson Foods Stock Performance

NYSE:TSN opened at $60.63 on Friday. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $63.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. The company’s 50 day moving average is $56.97 and its 200-day moving average is $52.92.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities research analysts predict that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is currently -79.35%.

Tyson Foods Company 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 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.