Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 15.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,299 shares of the company’s stock after purchasing an additional 3,893 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Tyson Foods were worth $1,683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Riverview Trust Co boosted its stake in shares of Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after acquiring an additional 445 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 570 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Tyson Foods by 58.6% during the 4th 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. 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 buying an additional 387 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Tyson Foods in the fourth quarter valued at about $42,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on TSN shares. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a research report on Tuesday, February 4th. Barclays reduced their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Finally, UBS Group assumed coverage on Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target on the stock. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Trading Down 0.0 %

NYSE TSN opened at $62.36 on Friday. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The stock has a market capitalization of $22.21 billion, a P/E ratio of 21.07, a PEG ratio of 0.74 and a beta of 0.72. The firm’s 50-day moving average is $59.11 and its two-hundred day moving average is $59.60. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.69 EPS. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.21%. Tyson Foods’s dividend payout ratio is presently 67.57%.

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.