Tyson Foods, Inc. $TSN Holdings Raised by Assetmark Inc.

Assetmark Inc. grew its position in Tyson Foods, Inc. (NYSE:TSN) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 429,939 shares of the company’s stock after acquiring an additional 13,229 shares during the quarter. Assetmark Inc. owned approximately 0.12% of Tyson Foods worth $25,203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. CIBC Private Wealth Group LLC increased its holdings in shares of Tyson Foods by 10.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after acquiring an additional 179 shares during the last quarter. Matrix Trust Co boosted its position in Tyson Foods by 28.8% during the 4th quarter. Matrix Trust Co now owns 818 shares of the company’s stock valued at $48,000 after purchasing an additional 183 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in Tyson Foods by 10.0% during the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock valued at $119,000 after purchasing an additional 200 shares during the period. Focus Partners Advisor Solutions LLC boosted its position in Tyson Foods by 1.2% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 18,074 shares of the company’s stock valued at $975,000 after purchasing an additional 210 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in Tyson Foods by 93.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after purchasing an additional 228 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Trading Down 2.6%

Shares of TSN stock opened at $63.30 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $66.41. The stock has a fifty day moving average of $63.09 and a two-hundred day moving average of $58.88. The firm has a market capitalization of $22.29 billion, a PE ratio of 113.03, a price-to-earnings-growth ratio of 1.41 and a beta of 0.44.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 EPS. As a group, research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.51 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. Tyson Foods’s dividend payout ratio is 364.29%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TSN. JPMorgan Chase & Co. reduced their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Piper Sandler upgraded Tyson Foods from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $61.00 to $75.00 in a research report on Monday, April 6th. Argus upgraded Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Finally, BMO Capital Markets boosted 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. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $66.45.

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.