Tyson Foods, Inc. (NYSE:TSN) Shares Bought by AIA Group Ltd

AIA Group Ltd raised its position in Tyson Foods, Inc. (NYSE:TSN) by 117.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,370 shares of the company’s stock after acquiring an additional 8,299 shares during the period. AIA Group Ltd’s holdings in Tyson Foods were worth $883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its holdings in Tyson Foods by 467.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 86,025 shares of the company’s stock valued at $4,941,000 after purchasing an additional 70,860 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Tyson Foods by 83.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company’s stock valued at $69,601,000 after buying an additional 551,530 shares in the last quarter. Allstate Corp acquired a new position in Tyson Foods during the fourth quarter worth $496,000. DnB Asset Management AS raised its position in Tyson Foods by 2.1% in the fourth quarter. DnB Asset Management AS now owns 62,904 shares of the company’s stock worth $3,613,000 after acquiring an additional 1,279 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in Tyson Foods by 4.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 141,349 shares of the company’s stock valued at $8,119,000 after acquiring an additional 6,100 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TSN shares. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Stephens upped their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Finally, Piper Sandler raised 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. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Performance

Tyson Foods stock opened at $63.88 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The stock has a fifty day moving average of $59.28 and a two-hundred day moving average of $59.60. The company has a market capitalization of $22.75 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 0.74 and a beta of 0.72.

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

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.13%. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

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.