Rafferty Asset Management LLC Acquires 2,746 Shares of Tyson Foods, Inc. (NYSE:TSN)

Rafferty Asset Management LLC lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 12.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,809 shares of the company’s stock after purchasing an additional 2,746 shares during the period. Rafferty Asset Management LLC’s holdings in Tyson Foods were worth $1,425,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Riverview Trust Co grew its holdings in shares of Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after purchasing an additional 229 shares during the last quarter. Ossiam grew its holdings in shares of Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company’s stock worth $36,000 after purchasing an additional 184 shares during the last quarter. TCTC Holdings LLC grew its holdings in shares of Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after purchasing an additional 387 shares during the last quarter. Finally, Fiduciary Advisors Inc. bought a new stake in shares of Tyson Foods during the fourth quarter worth $53,000. Institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TSN. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research note on Tuesday, February 4th. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 6th. StockNews.com lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Finally, HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.63.

Tyson Foods Trading Up 1.3%

NYSE:TSN opened at $56.76 on Wednesday. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The business’s 50-day moving average price is $59.61 and its two-hundred day moving average price is $59.51. 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 has a market capitalization of $20.22 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 0.74 and a beta of 0.63.

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

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods’s dividend payout ratio is currently 77.82%.

About Tyson Foods

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.