Price T Rowe Associates Inc. MD Raises Position in Tyson Foods, Inc. (NYSE:TSN)

Price T Rowe Associates Inc. MD grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.9% during the first quarter, HoldingsChannel reports. The firm owned 13,697,401 shares of the company’s stock after purchasing an additional 128,274 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Tyson Foods were worth $804,450,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TSN. HB Wealth Management LLC increased its holdings in shares of Tyson Foods by 28.7% during the 4th quarter. HB Wealth Management LLC now owns 6,360 shares of the company’s stock worth $342,000 after buying an additional 1,417 shares during the last quarter. Planned Solutions Inc. acquired a new stake in shares of Tyson Foods during the 4th quarter worth $75,000. Global Retirement Partners LLC increased its holdings in shares of Tyson Foods by 64.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,265 shares of the company’s stock worth $69,000 after buying an additional 495 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in shares of Tyson Foods by 9.3% during the 4th quarter. AlphaMark Advisors LLC now owns 9,750 shares of the company’s stock worth $524,000 after buying an additional 830 shares during the last quarter. Finally, Unison Advisors LLC increased its holdings in Tyson Foods by 1.0% in the 4th quarter. Unison Advisors LLC now owns 24,999 shares of the company’s stock valued at $1,344,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 1.2 %

Shares of TSN stock traded up $0.72 during trading hours on Friday, hitting $61.01. 1,223,233 shares of the company were exchanged, compared to its average volume of 1,460,920. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $62.04. The business’s 50-day simple moving average is $57.50 and its two-hundred day simple moving average is $56.93. The stock has a market capitalization of $21.78 billion, a price-to-earnings ratio of -34.28, a P/E/G ratio of 0.46 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The business had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. During the same quarter last year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts predict that Tyson Foods, Inc. will post 2.61 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.21%. Tyson Foods’s payout ratio is currently -110.11%.

Analysts Set New Price Targets

TSN has been the subject of several recent research reports. Piper Sandler increased their price target on Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Citigroup increased their price target on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. BMO Capital Markets increased their price target on Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. increased their price target on Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. Finally, Bank of America decreased their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $60.00.

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.