Aster Capital Management DIFC Ltd Raises Position in Tyson Foods, Inc. (NYSE:TSN)

Aster Capital Management DIFC Ltd raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 74.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,386 shares of the company’s stock after buying an additional 2,723 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Tyson Foods were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co increased its position in shares of Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares during the last quarter. Brooklyn Investment Group grew its stake in Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after buying an additional 229 shares during the last quarter. TCTC Holdings LLC lifted its holdings in shares of Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after acquiring an additional 387 shares during the last quarter. Finally, ST Germain D J Co. Inc. purchased a new position in Tyson Foods in the fourth quarter worth $42,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Trading Down 5.8 %

Shares of TSN opened at $59.85 on Monday. The firm has a fifty day simple moving average of $59.77 and a two-hundred day simple moving average of $59.62. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The stock has a market capitalization of $21.32 billion, a P/E ratio of 20.22, a PEG ratio of 0.74 and a beta of 0.62. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.69 earnings per share. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s payout ratio is 67.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TSN shares. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research report on Tuesday, February 4th. Barclays reduced their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Company Profile

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.