CANADA LIFE ASSURANCE Co Increases Position in Tyson Foods, Inc. (NYSE:TSN)

CANADA LIFE ASSURANCE Co boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 5.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 173,840 shares of the company’s stock after buying an additional 8,659 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Tyson Foods were worth $9,980,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Tyson Foods by 44.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after purchasing an additional 352,863 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Tyson Foods by 17.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock worth $286,000 after buying an additional 729 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Tyson Foods by 14.0% during the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after acquiring an additional 6,955 shares during the last quarter. Empowered Funds LLC grew its stake in Tyson Foods by 289.9% during the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock valued at $1,395,000 after acquiring an additional 18,059 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in Tyson Foods in the 4th quarter worth $775,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

TSN stock opened at $60.81 on Tuesday. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The firm has a market cap of $21.66 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.62. The business’s fifty day simple moving average is $60.45 and its two-hundred day simple moving average is $59.66. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 EPS. Analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.29%. Tyson Foods’s dividend payout ratio (DPR) is currently 67.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TSN shares. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup boosted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective on the stock. Finally, Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research report on Tuesday, February 4th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $61.78.

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.