LGT Fund Management Co Ltd. Purchases New Position in Tyson Foods, Inc. (NYSE:TSN)

LGT Fund Management Co Ltd. purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 42,281 shares of the company’s stock, valued at approximately $2,429,000.

Other institutional investors also recently bought and sold shares of the company. Riverview Trust Co raised its position in Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock valued at $26,000 after acquiring an additional 445 shares in the last quarter. Brooklyn Investment Group raised its position in Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after acquiring an additional 570 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after acquiring an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Tyson Foods during the third quarter valued at approximately $36,000. Finally, SRS Capital Advisors Inc. grew its holdings in Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after purchasing an additional 229 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

NYSE TSN opened at $61.35 on Monday. The stock’s fifty day moving average is $57.43 and its two-hundred day moving average is $60.02. The firm has a market capitalization of $21.85 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 0.74 and a beta of 0.80. 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 fifty-two week low of $52.11 and a fifty-two week high of $66.88.

Tyson Foods (NYSE:TSN) last released 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 company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm 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. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.26%. Tyson Foods’s dividend payout ratio is currently 67.57%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a report on Tuesday, February 4th. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Barclays dropped their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Hsbc Global Res raised Tyson Foods from a “moderate sell” 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 issued a “neutral” rating and a $62.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.10.

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.