Tidal Investments LLC Has $3.60 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

Tidal Investments LLC grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 33.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,612 shares of the company’s stock after acquiring an additional 15,553 shares during the quarter. Tidal Investments LLC’s holdings in Tyson Foods were worth $3,596,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Riverview Trust Co increased its stake in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock valued at $26,000 after purchasing an additional 445 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after buying an additional 229 shares during the period. Ossiam increased its position in shares of Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company’s stock valued at $36,000 after buying an additional 184 shares in the last quarter. TCTC Holdings LLC raised its stake in Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after buying an additional 387 shares during the period. Finally, Fiduciary Advisors Inc. bought a new position in Tyson Foods during the fourth quarter worth about $53,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup increased their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Finally, StockNews.com lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Ten 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.63.

Tyson Foods Stock Performance

Shares of TSN stock opened at $56.76 on Wednesday. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The company’s fifty day simple moving average is $59.61 and its 200-day simple moving average is $59.51. The firm has a market cap of $20.22 billion, a PE ratio of 19.18, a P/E/G ratio of 0.74 and a beta of 0.63. 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 issued its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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 previous year, the business earned $0.62 EPS. The company’s revenue was up .0% compared to the same quarter last year. Equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.52%. Tyson Foods’s dividend payout ratio (DPR) is presently 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.