DekaBank Deutsche Girozentrale Has $3.32 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

DekaBank Deutsche Girozentrale reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 56,200 shares of the company’s stock after selling 3,204 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Tyson Foods were worth $3,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pittenger & Anderson Inc. acquired a new position in shares of Tyson Foods during the first quarter valued at $42,000. Thurston Springer Miller Herd & Titak Inc. lifted its position 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 purchasing an additional 561 shares during the period. Hantz Financial Services Inc. bought a new position in shares of Tyson Foods in the 2nd quarter valued at about $54,000. Northwest Investment Counselors LLC acquired a new stake in shares of Tyson Foods during the 3rd quarter worth approximately $59,000. Finally, SYSTM Wealth Solutions LLC raised its stake in shares of Tyson Foods by 1,566.2% during the second quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock worth $62,000 after buying an additional 1,018 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of recent research reports. BMO Capital Markets raised their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Citigroup dropped their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Stephens started coverage on Tyson Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 price target for the company. Finally, Piper Sandler lowered shares of Tyson Foods from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $57.00 to $50.00 in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $59.22.

Tyson Foods Stock Performance

Shares of TSN opened at $58.36 on Friday. The firm has a market cap of $20.77 billion, a P/E ratio of -972.67, a PEG ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a twelve month low of $45.13 and a twelve month high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The firm’s 50 day moving average price is $60.85 and its two-hundred day moving average price is $59.70.

Tyson Foods (NYSE:TSN) last announced 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 during the quarter, compared to analyst estimates of $13.21 billion. During the same period in the prior year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

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

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.