Xponance Inc. Raises Holdings in Tyson Foods, Inc. (NYSE:TSN)

Xponance Inc. boosted its stake in Tyson Foods, Inc. (NYSE:TSN) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,692 shares of the company’s stock after purchasing an additional 1,793 shares during the period. Xponance Inc.’s holdings in Tyson Foods were worth $3,888,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in Tyson Foods by 6.9% during the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after buying an additional 859,351 shares during the last quarter. Barclays PLC raised its stake in shares of Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after acquiring an additional 446,648 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after purchasing an additional 427,582 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Tyson Foods in the fourth quarter worth about $22,059,000. Finally, JPMorgan Chase & Co. increased its holdings in Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after purchasing an additional 352,863 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TSN shares. UBS Group assumed coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Citigroup cut their price target 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. Piper Sandler upgraded shares of 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. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, 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. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Stock Performance

Shares of TSN opened at $60.40 on Friday. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The stock has a market cap of $21.52 billion, a P/E ratio of 20.41, a P/E/G ratio of 0.74 and a beta of 0.72. The business’s 50 day moving average price is $58.43 and its 200-day moving average price is $59.80.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping 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 return on equity of 6.87% and a net margin of 1.96%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. Equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. Tyson Foods’s dividend payout ratio is presently 67.57%.

Tyson Foods 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.