Tyson Foods, Inc. $TSN Shares Acquired by AIA Group Ltd

AIA Group Ltd increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 78.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,197 shares of the company’s stock after purchasing an additional 22,571 shares during the period. AIA Group Ltd’s holdings in Tyson Foods were worth $2,780,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in shares of Tyson Foods by 15.6% in the first quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock valued at $1,792,000 after acquiring an additional 3,788 shares in the last quarter. Woodline Partners LP raised its holdings in Tyson Foods by 40.8% during the first quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock worth $1,543,000 after purchasing an additional 7,011 shares in the last quarter. Focus Partners Wealth lifted its position in Tyson Foods by 84.0% in the first quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock valued at $804,000 after purchasing an additional 5,749 shares during the period. Sivia Capital Partners LLC lifted its position in Tyson Foods by 100.3% in the second quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock valued at $414,000 after purchasing an additional 3,702 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Tyson Foods by 9.3% in the 2nd quarter. Cetera Investment Advisers now owns 66,307 shares of the company’s stock valued at $3,709,000 after purchasing an additional 5,615 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSN has been the subject of a number of recent analyst reports. 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. Sanford C. Bernstein reiterated a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a report on Tuesday, February 3rd. Piper Sandler raised their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $64.27.

Tyson Foods Stock Performance

NYSE TSN opened at $59.00 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $66.41. The business has a fifty day moving average of $62.62 and a 200-day moving average of $57.74. The stock has a market cap of $20.77 billion, a price-to-earnings ratio of 105.35, a price-to-earnings-growth ratio of 1.35 and a beta of 0.47.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The firm had revenue of $14.31 billion during 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%. Tyson Foods’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.14 earnings per share. As a group, analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s payout ratio is presently 364.29%.

About Tyson Foods

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.