41,000 Shares in Tyson Foods, Inc. $TSN Purchased by Maxi Investments CY Ltd

Maxi Investments CY Ltd bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 41,000 shares of the company’s stock, valued at approximately $2,403,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its holdings in shares of Tyson Foods by 10.6% in the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after purchasing an additional 179 shares in the last quarter. Matrix Trust Co increased its stake in shares of Tyson Foods by 28.8% during the 4th quarter. Matrix Trust Co now owns 818 shares of the company’s stock worth $48,000 after purchasing an additional 183 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its position in shares of Tyson Foods by 10.0% during the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock worth $119,000 after purchasing an additional 200 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its position in shares of Tyson Foods by 1.2% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 18,074 shares of the company’s stock worth $975,000 after purchasing an additional 210 shares during the last quarter. Finally, Camelot Portfolios LLC lifted its stake in Tyson Foods by 1.3% in the 4th quarter. Camelot Portfolios LLC now owns 17,776 shares of the company’s stock valued at $1,042,000 after buying an additional 228 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.4%

Shares of TSN opened at $67.84 on Friday. The stock has a fifty day moving average of $63.35 and a two-hundred day moving average of $60.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 1.83. The company has a market capitalization of $23.88 billion, a PE ratio of 53.42, a price-to-earnings-growth ratio of 1.41 and a beta of 0.40. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. As a group, analysts forecast that Tyson Foods, Inc. will post 4.08 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio (DPR) is presently 160.63%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Mizuho initiated coverage on Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target for the company. Barclays upped their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Argus upgraded Tyson Foods to a “hold” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. cut their target price on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Finally, Piper Sandler restated an “overweight” rating and issued a $80.00 target price on shares of Tyson Foods in a report on Monday. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $68.27.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.