Los Angeles Capital Management LLC Acquires Shares of 26,150 Tyson Foods, Inc. (NYSE:TSN)

Los Angeles Capital Management LLC acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 26,150 shares of the company’s stock, valued at approximately $1,502,000.

A number of other institutional investors have also made changes to their positions in TSN. International Assets Investment Management LLC lifted its holdings in Tyson Foods by 4,586.1% in the 3rd quarter. International Assets Investment Management LLC now owns 65,933 shares of the company’s stock worth $3,927,000 after buying an additional 64,526 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Tyson Foods by 28.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,362 shares of the company’s stock worth $1,156,000 after acquiring an additional 4,280 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Tyson Foods by 1.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after acquiring an additional 189 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Tyson Foods by 28.9% in the third quarter. Nisa Investment Advisors LLC now owns 80,191 shares of the company’s stock worth $4,776,000 after acquiring an additional 17,963 shares in the last quarter. Finally, abrdn plc grew its stake in Tyson Foods by 0.5% during the 3rd quarter. abrdn plc now owns 94,963 shares of the company’s stock valued at $5,642,000 after purchasing an additional 518 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on TSN. Barclays cut their target price 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. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a report on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. UBS Group assumed coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price on the stock. Finally, Citigroup reduced their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Trading Up 0.6 %

NYSE TSN opened at $61.35 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a one year low of $52.11 and a one year high of $66.88. The company has a 50-day simple moving average of $57.43 and a 200-day simple moving average of $60.04. The firm has a market capitalization of $21.85 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 0.74 and a beta of 0.80.

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

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Friday, May 30th. 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.