Tyson Foods, Inc. (NYSE:TSN) Stake Boosted by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 21.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,299 shares of the company’s stock after purchasing an additional 6,505 shares during the period. UniSuper Management Pty Ltd’s holdings in Tyson Foods were worth $2,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSN. Riverview Trust Co lifted its holdings in shares of Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock valued at $26,000 after buying an additional 445 shares during the last quarter. Brooklyn Investment Group raised its position in Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after acquiring an additional 570 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after acquiring an additional 229 shares during the last quarter. TCTC Holdings LLC grew its position in Tyson Foods by 140.7% in the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after acquiring an additional 387 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Tyson Foods during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

TSN has been the subject of a number of recent research reports. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a report on Tuesday, February 4th. Barclays decreased their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Citigroup cut their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Stephens upped their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Finally, HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $61.10.

Tyson Foods Price Performance

NYSE:TSN opened at $62.36 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The company has a fifty day moving average price of $59.11 and a 200 day moving average price of $59.59. The stock has a market cap of $22.21 billion, a P/E ratio of 21.07, a PEG ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Friday, May 30th. Tyson Foods’s payout ratio is presently 67.57%.

About Tyson Foods

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.