Natixis Advisors LLC Grows Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Natixis Advisors LLC increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 14.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 246,640 shares of the company’s stock after acquiring an additional 30,989 shares during the period. Natixis Advisors LLC owned approximately 0.07% of Tyson Foods worth $14,167,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Skandinaviska Enskilda Banken AB publ increased its position in shares of Tyson Foods by 101.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 118,947 shares of the company’s stock worth $6,797,000 after purchasing an additional 59,942 shares during the last quarter. Achmea Investment Management B.V. raised its position in Tyson Foods by 158.6% in the fourth quarter. Achmea Investment Management B.V. now owns 61,475 shares of the company’s stock valued at $3,531,000 after purchasing an additional 37,704 shares during the period. Essential Planning LLC. acquired a new position in Tyson Foods during the fourth quarter worth $1,264,000. Great Lakes Advisors LLC boosted its position in shares of Tyson Foods by 4.0% during the fourth quarter. Great Lakes Advisors LLC now owns 827,813 shares of the company’s stock worth $47,550,000 after buying an additional 31,829 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Tyson Foods by 134.9% in the fourth quarter. Farther Finance Advisors LLC now owns 9,905 shares of the company’s stock valued at $569,000 after buying an additional 5,688 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. 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 report on Tuesday, February 4th. Stephens raised their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Barclays cut their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Up 0.5 %

Tyson Foods stock opened at $60.80 on Thursday. The stock’s fifty day moving average is $58.33 and its two-hundred day moving average is $59.79. The stock has a market cap of $21.66 billion, a PE ratio of 20.54, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. 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 (NYSE:TSN) last posted its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion during 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%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. On average, sell-side analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.29%. Tyson Foods’s dividend payout ratio is currently 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.