Globeflex Capital L P Acquires New Position in Tyson Foods, Inc. (NYSE:TSN)

Globeflex Capital L P acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,381 shares of the company’s stock, valued at approximately $137,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSN. Atria Investments Inc increased its holdings in Tyson Foods by 37.8% during the 3rd quarter. Atria Investments Inc now owns 13,789 shares of the company’s stock valued at $821,000 after acquiring an additional 3,782 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Tyson Foods during the 3rd quarter valued at about $339,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Tyson Foods by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 740,147 shares of the company’s stock valued at $44,083,000 after acquiring an additional 4,962 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Tyson Foods by 43.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 15,063 shares of the company’s stock valued at $897,000 after acquiring an additional 4,548 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in Tyson Foods by 7.9% during the 3rd quarter. CIBC Asset Management Inc now owns 41,661 shares of the company’s stock valued at $2,481,000 after acquiring an additional 3,043 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a report on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Barclays lowered their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. UBS Group began coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target for the company. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Price Performance

TSN opened at $59.87 on Friday. The company’s 50 day simple moving average is $58.04 and its 200 day simple moving average is $59.88. 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 1 year low of $53.61 and a 1 year high of $66.88. The stock has a market capitalization of $21.33 billion, a PE ratio of 20.23, a P/E/G ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. As a group, sell-side analysts expect 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. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. Tyson Foods’s dividend payout ratio (DPR) is 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.