Alpha DNA Investment Management LLC raised its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 135.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 622 shares of the company’s stock after buying an additional 358 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Tyson Foods were worth $46,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Tyson Foods during the fourth quarter valued at $188,179,000. Sanders Capital LLC grew its holdings in shares of Tyson Foods by 359.9% during the fourth quarter. Sanders Capital LLC now owns 2,372,425 shares of the company’s stock valued at $162,412,000 after buying an additional 1,856,574 shares during the last quarter. Victory Capital Management Inc. lifted its position in Tyson Foods by 24.4% in the 1st quarter. Victory Capital Management Inc. now owns 5,328,506 shares of the company’s stock valued at $395,908,000 after acquiring an additional 1,044,683 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Tyson Foods by 37.3% during the fourth quarter. Principal Financial Group Inc. now owns 3,656,806 shares of the company’s stock valued at $235,644,000 after buying an additional 993,113 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Tyson Foods by 4.5% in the first quarter. BlackRock Inc. now owns 21,335,932 shares of the company’s stock worth $1,585,259,000 after acquiring an additional 913,437 shares during the period. 64.42% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on TSN shares. Credit Suisse Group lifted their target price on shares of Tyson Foods from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 11th. BMO Capital Markets lifted their price objective on Tyson Foods from $78.00 to $84.00 and gave the stock an “outperform” rating in a report on Tuesday, May 11th. Barclays increased their target price on Tyson Foods from $83.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, May 13th. Piper Sandler boosted their price target on Tyson Foods from $77.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, May 17th. Finally, Argus raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Wednesday, May 19th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $82.71.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 10th. The company reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.23. Tyson Foods had a net margin of 5.00% and a return on equity of 15.26%. The business had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.14 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. As a group, analysts predict that Tyson Foods, Inc. will post 6.1 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Wednesday, September 1st will be given a $0.445 dividend. The ex-dividend date is Tuesday, August 31st. This represents a $1.78 annualized dividend and a dividend yield of 2.31%. Tyson Foods’s payout ratio is 31.56%.
In related news, insider Shane Miller sold 5,000 shares of Tyson Foods stock in a transaction that occurred on Thursday, March 18th. The stock was sold at an average price of $77.00, for a total transaction of $385,000.00. Following the sale, the insider now owns 12,934 shares of the company’s stock, valued at approximately $995,918. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.82% of the company’s stock.
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 live market 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; and supplies poultry breeding stock; sells specialty products , such as hides and meats.
Further Reading: Earnings Per Share
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