Northwest Investment Counselors LLC purchased a new stake in Tyson Foods, Inc. (NYSE:TSN – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 993 shares of the company’s stock, valued at approximately $59,000.
Several other large investors have also modified their holdings of the business. Retirement Systems of Alabama lifted its stake in Tyson Foods by 0.5% in the 1st quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock valued at $3,712,000 after buying an additional 337 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Tyson Foods by 100.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock valued at $606,000 after acquiring an additional 5,175 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of Tyson Foods by 149.2% during the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after acquiring an additional 11,425 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Tyson Foods by 21.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock worth $14,388,000 after purchasing an additional 44,167 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in Tyson Foods by 26.3% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,837 shares of the company’s stock valued at $519,000 after purchasing an additional 1,841 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.
Tyson Foods Price Performance
TSN opened at $59.18 on Tuesday. The company has a 50 day moving average of $61.52 and a two-hundred day moving average of $59.71. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. The company has a market cap of $21.13 billion, a P/E ratio of -33.25, a P/E/G ratio of 0.38 and a beta of 0.78.
Tyson Foods Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, November 29th. Tyson Foods’s payout ratio is -110.11%.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Stephens began coverage on shares of Tyson Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 target price on the stock. Piper Sandler downgraded Tyson Foods from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $57.00 to $50.00 in a research report on Wednesday, September 25th. Bank of America dropped their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. BMO Capital Markets lifted their price target on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $59.22.
View Our Latest Stock Report on Tyson Foods
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.
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