Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 13.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,459 shares of the company’s stock after acquiring an additional 525 shares during the period. Bleakley Financial Group LLC’s holdings in Tyson Foods were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Financial Corp IN purchased a new position in shares of Tyson Foods in the first quarter worth about $35,000. Pittenger & Anderson Inc. purchased a new position in Tyson Foods during the 1st quarter worth approximately $42,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after acquiring an additional 561 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of Tyson Foods in the second quarter worth $54,000. Finally, SYSTM Wealth Solutions LLC raised its holdings in shares of Tyson Foods by 1,566.2% during the second quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock worth $62,000 after purchasing an additional 1,018 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

NYSE:TSN opened at $58.88 on Thursday. The company has a fifty day moving average of $61.41 and a two-hundred day moving average of $59.70. Tyson Foods, Inc. has a fifty-two week low of $45.08 and a fifty-two week high of $66.88. The stock has a market capitalization of $21.02 billion, a PE ratio of -33.08, a P/E/G ratio of 0.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same period last year, the company posted $0.15 EPS. Tyson Foods’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, research analysts forecast that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, November 29th. Tyson Foods’s payout ratio is -110.11%.

Wall Street Analyst Weigh In

Several research firms have commented on TSN. Piper Sandler lowered shares of Tyson Foods from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. raised their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Citigroup decreased their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Barclays raised their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Finally, BMO Capital Markets boosted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $59.22.

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.