Principal Securities Inc. Has $411,000 Position in Tyson Foods, Inc. (NYSE:TSN)

Principal Securities Inc. increased its position in Tyson Foods, Inc. (NYSE:TSN) by 25.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,148 shares of the company’s stock after buying an additional 1,444 shares during the quarter. Principal Securities Inc.’s holdings in Tyson Foods were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after buying an additional 352,863 shares during the period. Sound Income Strategies LLC increased its position in Tyson Foods by 14.0% during the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock valued at $3,248,000 after purchasing an additional 6,955 shares during the period. Empowered Funds LLC increased its position in Tyson Foods by 289.9% during the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock valued at $1,395,000 after purchasing an additional 18,059 shares during the period. Mizuho Securities USA LLC increased its position in Tyson Foods by 517.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock valued at $8,114,000 after purchasing an additional 114,179 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in Tyson Foods during the 4th quarter valued at approximately $775,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of TSN opened at $60.43 on Friday. Tyson Foods, Inc. has a 12-month low of $52.11 and a 12-month high of $66.88. The business’s fifty day moving average is $57.22 and its 200 day moving average is $60.04. 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 0.80.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. During the same period last year, the business earned $0.69 EPS. Tyson Foods’s quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

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

Analysts Set New Price Targets

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

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.