CIBC Asset Management Inc Has $3.91 Million Stock Position in Tyson Foods, Inc. $TSN

CIBC Asset Management Inc lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 68.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,661 shares of the company’s stock after acquiring an additional 27,039 shares during the period. CIBC Asset Management Inc’s holdings in Tyson Foods were worth $3,908,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. AXQ Capital LP boosted its stake in Tyson Foods by 15.2% during the fourth quarter. AXQ Capital LP now owns 16,543 shares of the company’s stock worth $970,000 after buying an additional 2,180 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in Tyson Foods by 1.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 13,165 shares of the company’s stock worth $772,000 after buying an additional 200 shares in the last quarter. Rothschild Wealth LLC acquired a new stake in Tyson Foods during the fourth quarter worth $338,000. Waterloo Capital L.P. boosted its stake in Tyson Foods by 37.7% during the fourth quarter. Waterloo Capital L.P. now owns 38,417 shares of the company’s stock worth $2,252,000 after buying an additional 10,517 shares in the last quarter. Finally, MUFG Securities EMEA plc boosted its stake in Tyson Foods by 112.1% during the fourth quarter. MUFG Securities EMEA plc now owns 11,604 shares of the company’s stock worth $680,000 after buying an additional 6,134 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TSN shares. Stephens lifted their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Finally, Mizuho started coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $68.27.

Tyson Foods Stock Up 0.2%

Shares of NYSE TSN opened at $58.82 on Monday. The stock has a market cap of $20.71 billion, a PE ratio of 46.32, a PEG ratio of 1.19 and a beta of 0.38. The business has a fifty day moving average of $64.42 and a two-hundred day moving average of $61.78. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. As a group, equities research analysts expect that Tyson Foods, Inc. will post 4.14 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. Tyson Foods’s dividend payout ratio (DPR) is presently 160.63%.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.