Czech National Bank Raises Holdings in Tyson Foods, Inc. (NYSE:TSN)

Czech National Bank grew its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,381 shares of the company’s stock after purchasing an additional 424 shares during the quarter. Czech National Bank’s holdings in Tyson Foods were worth $2,959,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Mather Group LLC. purchased a new position in shares of Tyson Foods during the first quarter worth about $49,000. Tompkins Financial Corp grew its holdings in shares of Tyson Foods by 42.1% during the first quarter. Tompkins Financial Corp now owns 989 shares of the company’s stock worth $58,000 after buying an additional 293 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Tyson Foods by 66.4% during the first quarter. GAMMA Investing LLC now owns 2,879 shares of the company’s stock worth $169,000 after buying an additional 1,149 shares during the last quarter. CWM LLC grew its holdings in shares of Tyson Foods by 11.1% during the first quarter. CWM LLC now owns 5,052 shares of the company’s stock worth $297,000 after buying an additional 504 shares during the last quarter. Finally, HighPoint Advisor Group LLC purchased a new position in shares of Tyson Foods during the fourth quarter worth about $238,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

TSN stock opened at $56.30 on Friday. The firm has a 50 day moving average of $58.53 and a 200-day moving average of $55.96. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $62.04. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The company had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. During the same period last year, the firm earned ($0.04) EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts expect that Tyson Foods, Inc. will post 2.58 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.48%. Tyson Foods’s payout ratio is -110.11%.

Wall Street Analyst Weigh In

TSN has been the topic of a number of research reports. Citigroup raised their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $53.00 to $69.00 in a report on Tuesday, April 16th. StockNews.com lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, May 24th. JPMorgan Chase & Co. raised their price target on Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. Finally, Piper Sandler raised their price objective on shares of Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.22.

Tyson Foods 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.