Assenagon Asset Management S.A. Buys 207,134 Shares of Tyson Foods, Inc. $TSN

Assenagon Asset Management S.A. lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 75.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 480,707 shares of the company’s stock after buying an additional 207,134 shares during the quarter. Assenagon Asset Management S.A. owned about 0.14% of Tyson Foods worth $28,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Goodman Financial Corp boosted its position in shares of Tyson Foods by 0.7% in the fourth quarter. Goodman Financial Corp now owns 234,897 shares of the company’s stock worth $13,770,000 after purchasing an additional 1,621 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Tyson Foods by 39.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 103,769 shares of the company’s stock valued at $5,788,000 after buying an additional 29,160 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in Tyson Foods by 85.5% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 17,239 shares of the company’s stock worth $985,000 after buying an additional 7,946 shares during the period. Wedmont Private Capital increased its stake in Tyson Foods by 83.1% in the 4th quarter. Wedmont Private Capital now owns 9,297 shares of the company’s stock worth $522,000 after buying an additional 4,219 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Tyson Foods by 1.6% in the 4th quarter. Nordea Investment Management AB now owns 41,403 shares of the company’s stock worth $2,442,000 after buying an additional 640 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

NYSE:TSN opened at $61.44 on Thursday. The business’s 50-day moving average is $62.67 and its 200 day moving average is $57.85. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41. The company has a market capitalization of $21.63 billion, a P/E ratio of 109.71, a P/E/G ratio of 1.34 and a beta of 0.47. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 EPS. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.51 dividend. 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%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays boosted their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Argus raised Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Piper Sandler boosted their price target on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. BMO Capital Markets upped their price target on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Tyson Foods has an average rating of “Hold” and an average target price of $64.09.

Tyson Foods 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.