Integrity Alliance LLC. Makes New Investment in Tyson Foods, Inc. $TSN

Integrity Alliance LLC. bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, Holdings Channel.com reports. The firm bought 15,159 shares of the company’s stock, valued at approximately $889,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pzena Investment Management LLC lifted its holdings in Tyson Foods by 10.7% during the 4th quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock worth $897,502,000 after buying an additional 1,480,987 shares during the period. State Street Corp raised its position in shares of Tyson Foods by 0.6% in the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock worth $764,309,000 after acquiring an additional 85,282 shares in the last quarter. Davis Selected Advisers raised its position in shares of Tyson Foods by 28.8% in the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after acquiring an additional 2,865,413 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Tyson Foods by 34.4% in the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after acquiring an additional 1,720,009 shares in the last quarter. Finally, Invesco Ltd. increased its position in Tyson Foods by 1.8% in the 3rd quarter. Invesco Ltd. now owns 5,972,015 shares of the company’s stock valued at $324,280,000 after buying an additional 107,884 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSN has been the subject of a number of research analyst reports. Argus raised Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Sanford C. Bernstein reissued a “market perform” rating and set a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. Piper Sandler reissued an “overweight” rating and set a $80.00 price objective on shares of Tyson Foods in a report on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $68.27.

Tyson Foods Price Performance

Tyson Foods stock opened at $62.01 on Friday. 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. The business’s 50 day simple moving average is $64.55 and its 200 day simple moving average is $61.57. The company has a market cap of $21.83 billion, a price-to-earnings ratio of 48.82, a PEG ratio of 1.36 and a beta of 0.40.

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

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.3%. Tyson Foods’s dividend payout ratio is presently 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.