Hsbc Holdings PLC Buys 24,251 Shares of Tyson Foods, Inc. $TSN

Hsbc Holdings PLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 589,708 shares of the company’s stock after buying an additional 24,251 shares during the period. Hsbc Holdings PLC owned approximately 0.17% of Tyson Foods worth $34,613,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TSN. City Holding Co. bought a new position in Tyson Foods during the fourth quarter valued at $29,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of 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 last quarter. Activest Wealth Management boosted its stake in shares of Tyson Foods by 3,842.9% during the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after purchasing an additional 538 shares during the period. ORG Partners LLC boosted its stake in shares of Tyson Foods by 2,519.2% during the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock worth $40,000 after purchasing an additional 655 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in Tyson Foods by 110.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock valued at $40,000 after purchasing an additional 384 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TSN has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. JPMorgan Chase & Co. dropped their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Piper Sandler reiterated an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Mizuho began coverage on Tyson Foods in a research note on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target for the company. Finally, Wall Street Zen cut Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $68.20.

Tyson Foods Trading Up 3.6%

Shares of TSN opened at $57.50 on Wednesday. The firm has a market capitalization of $20.25 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 1.12 and a beta of 0.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48. The company has a 50-day moving average of $62.50 and a 200 day moving average of $61.80.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same period in the prior year, the firm earned $0.92 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research analysts expect that Tyson Foods, Inc. will post 4.16 EPS for the current year.

Tyson Foods Announces Dividend

The company 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. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio (DPR) is presently 160.63%.

About Tyson Foods

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.