Federated Hermes Inc. Has $188,000 Position in Tyson Foods, Inc. (NYSE:TSN)

Federated Hermes Inc. grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 222.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,283 shares of the company’s stock after purchasing an additional 2,265 shares during the quarter. Federated Hermes Inc.’s holdings in Tyson Foods were worth $188,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Financial Corp IN acquired a new position in Tyson Foods in the first quarter worth $35,000. Pittenger & Anderson Inc. acquired a new position in shares of Tyson Foods during the first quarter valued at $42,000. Lindbrook Capital LLC lifted its stake in shares of Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after acquiring an additional 214 shares during the period. Mather Group LLC. acquired a new position in shares of Tyson Foods during the first quarter valued at $49,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Tyson Foods during the second quarter valued at $54,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TSN shares. JPMorgan Chase & Co. upped their price target on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Bank of America cut their price target on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Barclays upped their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. BMO Capital Markets increased their price target on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $61.44.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $60.52 on Wednesday. The stock has a 50 day moving average price of $62.13 and a 200 day moving average price of $59.49. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The stock has a market capitalization of $21.61 billion, a PE ratio of -34.00, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78.

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

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.24%. Tyson Foods’s payout ratio is -110.11%.

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.