Mackenzie Financial Corp Has $5.40 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Mackenzie Financial Corp increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 199.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 94,419 shares of the company’s stock after buying an additional 62,875 shares during the quarter. Mackenzie Financial Corp’s holdings in Tyson Foods were worth $5,395,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. First Financial Corp IN acquired a new stake in shares of Tyson Foods in the 1st quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new stake in Tyson Foods in the first quarter valued at approximately $42,000. Mather Group LLC. bought a new stake in shares of Tyson Foods during the first quarter worth $49,000. Hantz Financial Services Inc. bought a new position in shares of Tyson Foods in the 2nd quarter valued at $54,000. Finally, Tompkins Financial Corp grew its position in Tyson Foods by 42.1% during the 1st quarter. Tompkins Financial Corp now owns 989 shares of the company’s stock worth $58,000 after acquiring an additional 293 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Up 0.3 %

Shares of NYSE:TSN opened at $59.76 on Wednesday. The business’s 50-day moving average is $62.07 and its 200-day moving average is $59.61. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $66.88. The company has a market capitalization of $21.26 billion, a price-to-earnings ratio of -33.57, a P/E/G ratio of 0.41 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate 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 company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter last year, the firm posted $0.15 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Equities research analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.28%. Tyson Foods’s payout ratio is currently -110.11%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Piper Sandler lowered Tyson Foods from a “neutral” rating to an “underweight” rating and cut their price target for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. BMO Capital Markets lifted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Bank of America reduced their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Barclays lifted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.67.

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.