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

Mackenzie Financial Corp increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 199.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,419 shares of the company’s stock after acquiring an additional 62,875 shares during the period. Mackenzie Financial Corp’s holdings in Tyson Foods were worth $5,395,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TSN. Bank of Nova Scotia lifted its stake in Tyson Foods by 106.6% during the 4th quarter. Bank of Nova Scotia now owns 163,632 shares of the company’s stock valued at $8,795,000 after acquiring an additional 84,446 shares in the last quarter. KBC Group NV increased its position in shares of Tyson Foods by 128.6% during the fourth quarter. KBC Group NV now owns 365,994 shares of the company’s stock valued at $19,672,000 after acquiring an additional 205,909 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Tyson Foods by 2.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 410,324 shares of the company’s stock valued at $22,055,000 after purchasing an additional 8,606 shares during the period. NEOS Investment Management LLC purchased a new position in shares of Tyson Foods in the 4th quarter worth about $217,000. Finally, Capital Research Global Investors boosted its stake in Tyson Foods by 153.2% in the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after acquiring an additional 2,920,479 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of TSN opened at $59.76 on Wednesday. The firm has a fifty day simple moving average of $62.07 and a two-hundred day simple moving average of $59.61. The firm has a market cap of $21.26 billion, a PE ratio of -33.57, a P/E/G ratio of 0.41 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same period in the previous year, the company posted $0.15 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS 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 dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio is currently -110.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TSN shares. Barclays boosted their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. increased their target price 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 decreased their price target on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, Piper Sandler lowered Tyson Foods from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and a consensus target price of $60.67.

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.