Tyson Foods, Inc. $TSN Shares Acquired by Cibc World Market Inc.

Cibc World Market Inc. boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 30.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,848 shares of the company’s stock after acquiring an additional 9,487 shares during the period. Cibc World Market Inc.’s holdings in Tyson Foods were worth $2,395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSN. City Holding Co. purchased a new stake in Tyson Foods in the 4th quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC grew its stake in Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after acquiring an additional 198 shares during the period. Activest Wealth Management grew its stake in Tyson Foods by 3,842.9% in the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after acquiring an additional 538 shares during the period. ORG Partners LLC grew its stake in Tyson Foods by 2,519.2% in the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock worth $40,000 after acquiring an additional 655 shares during the period. Finally, Brown Brothers Harriman & Co. grew its stake in Tyson Foods by 110.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock worth $40,000 after acquiring an additional 384 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Stephens lifted their target price 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. Wall Street Zen raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $80.00 price target on shares of Tyson Foods in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average price target of $68.27.

Tyson Foods Stock Performance

Shares of TSN stock opened at $56.35 on Wednesday. Tyson Foods, Inc. has a one year low of $50.56 and a one year 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. The company has a 50 day moving average price of $64.15 and a 200 day moving average price of $61.82. The firm has a market capitalization of $19.84 billion, a price-to-earnings ratio of 44.37, a price-to-earnings-growth ratio of 1.16 and a beta of 0.38.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. Tyson Foods’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that Tyson Foods, Inc. will post 4.14 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.6%. Tyson Foods’s dividend payout ratio 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.