Investors Research Corp Has $515,000 Position in Tyson Foods, Inc. (NYSE:TSN)

Investors Research Corp raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 16.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,066 shares of the company’s stock after buying an additional 1,159 shares during the quarter. Investors Research Corp’s holdings in Tyson Foods were worth $515,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Tyson Foods by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company’s stock valued at $2,051,433,000 after buying an additional 325,361 shares in the last quarter. Geode Capital Management LLC lifted its stake in Tyson Foods by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company’s stock valued at $400,712,000 after buying an additional 178,785 shares in the last quarter. Northern Trust Corp lifted its stake in Tyson Foods by 2.6% in the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company’s stock valued at $270,014,000 after buying an additional 118,402 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after buying an additional 427,582 shares in the last quarter. Finally, Norges Bank bought a new position in Tyson Foods in the fourth quarter valued at approximately $175,086,000. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

TSN has been the topic of a number of research reports. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. Citigroup boosted their price objective 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 Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.63.

Tyson Foods Stock Performance

NYSE TSN opened at $56.20 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average price is $58.88 and its two-hundred day moving average price is $59.31. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88. The firm has a market capitalization of $20.02 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same period in the prior year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.56%. Tyson Foods’s dividend payout ratio is currently 77.82%.

Tyson Foods 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.