Cresset Asset Management LLC Has $1.45 Million Position in Tyson Foods, Inc. $TSN

Cresset Asset Management LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 632.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,762 shares of the company’s stock after purchasing an additional 23,107 shares during the quarter. Cresset Asset Management LLC’s holdings in Tyson Foods were worth $1,453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Empowered Funds LLC boosted its holdings in shares of Tyson Foods by 15.6% during the 1st quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock worth $1,792,000 after buying an additional 3,788 shares during the period. Woodline Partners LP raised its holdings in Tyson Foods by 40.8% in the 1st quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock worth $1,543,000 after acquiring an additional 7,011 shares during the period. Focus Partners Wealth raised its holdings in Tyson Foods by 84.0% in the 1st quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock worth $804,000 after acquiring an additional 5,749 shares during the period. Sivia Capital Partners LLC lifted its position in Tyson Foods by 100.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock worth $414,000 after acquiring an additional 3,702 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its position in Tyson Foods by 5.2% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 148,060 shares of the company’s stock worth $8,273,000 after acquiring an additional 7,369 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Piper Sandler raised their price target on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Sanford C. Bernstein reissued a “market perform” rating and set a $69.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 3rd. Argus upgraded Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Barclays raised their target price on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Finally, BMO Capital Markets lifted their price target on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.27.

Tyson Foods Stock Performance

NYSE TSN opened at $61.44 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The firm has a market capitalization of $21.63 billion, a price-to-earnings ratio of 109.71, a P/E/G ratio of 1.35 and a beta of 0.47. The company’s fifty day moving average is $62.08 and its two-hundred day moving average is $57.52. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $66.41.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The company had revenue of $14.31 billion for the quarter, compared to analyst estimates of $14.11 billion. During the same period in the prior year, the company posted $1.14 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, June 1st. Tyson Foods’s payout ratio is currently 364.29%.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.