Harbour Investments Inc. Boosts Stock Position in Tyson Foods, Inc. $TSN

Harbour Investments Inc. raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 1,982.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,842 shares of the company’s stock after purchasing an additional 20,793 shares during the period. Harbour Investments Inc.’s holdings in Tyson Foods were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSN. City Holding Co. acquired a new stake in Tyson Foods in the fourth quarter valued at approximately $29,000. Activest Wealth Management boosted its stake in Tyson Foods by 3,842.9% in the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after acquiring an additional 538 shares in the last quarter. ORG Partners LLC boosted its stake in Tyson Foods by 2,519.2% in the fourth quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after acquiring an additional 655 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in Tyson Foods by 110.3% in the third quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock valued at $40,000 after acquiring an additional 384 shares in the last quarter. Finally, Matrix Trust Co boosted its stake in Tyson Foods by 28.8% in the fourth quarter. Matrix Trust Co now owns 818 shares of the company’s stock valued at $48,000 after acquiring an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TSN shares. Argus upgraded shares of Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Piper Sandler restated an “overweight” rating and issued a $80.00 target price on shares of Tyson Foods in a research note on Monday, May 4th. Mizuho started coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 target price for the company. JPMorgan Chase & Co. lowered 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, Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $68.27.

Tyson Foods Trading Down 1.3%

NYSE TSN opened at $61.20 on Friday. The company has a fifty day simple moving average of $64.55 and a two-hundred day simple moving average of $61.57. The stock has a market cap of $21.55 billion, a P/E ratio of 48.19, a P/E/G ratio of 1.27 and a beta of 0.40. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.92 earnings per share. On average, analysts forecast that Tyson Foods, Inc. will post 4.1 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Tyson Foods’s dividend payout ratio (DPR) is currently 160.63%.

Tyson Foods 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.