First Trust Direct Indexing L.P. Purchases 2,252 Shares of Tyson Foods, Inc. (NYSE:TSN)

First Trust Direct Indexing L.P. boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 29.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,829 shares of the company’s stock after buying an additional 2,252 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Tyson Foods were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Pittenger & Anderson Inc. bought a new stake in Tyson Foods during the 1st quarter valued at $42,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after buying an additional 561 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in Tyson Foods during the 2nd quarter valued at $54,000. Northwest Investment Counselors LLC bought a new stake in Tyson Foods during the 3rd quarter valued at $59,000. Finally, SYSTM Wealth Solutions LLC raised its holdings in Tyson Foods by 1,566.2% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock worth $62,000 after purchasing an additional 1,018 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on TSN shares. Piper Sandler lowered shares of Tyson Foods from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $57.00 to $50.00 in a report on Wednesday, September 25th. Bank of America decreased their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. BMO Capital Markets upped their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Stephens started coverage on shares of Tyson Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $59.22.

Tyson Foods Stock Down 0.4 %

NYSE:TSN opened at $58.36 on Friday. The firm’s 50-day moving average price is $60.85 and its 200-day moving average price is $59.71. The company has a market capitalization of $20.77 billion, a PE ratio of -972.67, a P/E/G ratio of 0.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. Tyson Foods, Inc. has a 1-year low of $45.13 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same period in the prior year, the firm earned $0.15 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts predict that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is -3,266.67%.

Tyson Foods Company 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.