Cibc World Markets Corp Raises Position in Tyson Foods, Inc. (NYSE:TSN)

Cibc World Markets Corp boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,144 shares of the company’s stock after buying an additional 14,774 shares during the period. Cibc World Markets Corp’s holdings in Tyson Foods were worth $6,442,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Gitterman Wealth Management LLC acquired a new position in Tyson Foods in the 4th quarter valued at $331,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Tyson Foods by 14.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company’s stock worth $693,000 after buying an additional 1,532 shares in the last quarter. Globeflex Capital L P acquired a new stake in shares of Tyson Foods in the fourth quarter valued at about $137,000. Natixis Advisors LLC lifted its stake in shares of Tyson Foods by 14.4% in the fourth quarter. Natixis Advisors LLC now owns 246,640 shares of the company’s stock worth $14,167,000 after buying an additional 30,989 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in Tyson Foods by 101.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 118,947 shares of the company’s stock worth $6,797,000 after acquiring an additional 59,942 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TSN. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Stephens lifted their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Barclays dropped their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. Finally, Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Stock Performance

Shares of TSN stock opened at $60.44 on Wednesday. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The firm’s 50 day moving average price is $58.22 and its 200-day moving average price is $59.79. The firm has a market cap of $21.53 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates 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 last year, the business posted $0.69 earnings per share. As a group, equities research analysts predict 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. Stockholders of record on Friday, May 30th will be given 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 dividend yield of 3.31%. Tyson Foods’s dividend payout ratio is presently 67.57%.

About Tyson Foods

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.