ProShare Advisors LLC Raises Position in Tyson Foods, Inc. (NYSE:TSN)

ProShare Advisors LLC increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,574 shares of the company’s stock after buying an additional 3,369 shares during the quarter. ProShare Advisors LLC’s holdings in Tyson Foods were worth $3,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. First Financial Corp IN purchased a new stake in shares of Tyson Foods during the first quarter worth about $35,000. Pittenger & Anderson Inc. acquired a new stake in Tyson Foods in the 1st quarter worth approximately $42,000. Lindbrook Capital LLC grew its position in Tyson Foods by 42.0% during the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after purchasing an additional 214 shares during the last quarter. Mather Group LLC. acquired a new position in Tyson Foods during the 1st quarter valued at approximately $49,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of Tyson Foods in the second quarter worth $54,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Up 2.3 %

TSN opened at $59.32 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.88. The company has a fifty day moving average of $62.08 and a two-hundred day moving average of $59.48. The stock has a market capitalization of $21.11 billion, a price-to-earnings ratio of -33.33, a PEG ratio of 0.42 and a beta of 0.78.

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

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio is presently -110.11%.

Analysts Set New Price Targets

TSN has been the topic of several research analyst reports. Piper Sandler downgraded Tyson Foods from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $57.00 to $50.00 in a research note on Wednesday. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Bank of America reduced their price target on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Barclays increased their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Finally, BMO Capital Markets upped their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.67.

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.