Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases Shares of 55,618 Tyson Foods, Inc. $TSN

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,618 shares of the company’s stock, valued at approximately $3,563,000.

Several other large investors also recently made changes to their positions in TSN. City Holding Co. acquired a new position in shares of Tyson Foods during the fourth quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC increased its stake in Tyson Foods by 62.3% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares in the last quarter. Activest Wealth Management raised its holdings in Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after buying an additional 538 shares during the last quarter. ORG Partners LLC lifted its stake in shares of Tyson Foods by 2,519.2% in the fourth quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after buying an additional 655 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Tyson Foods by 110.3% in the third quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock valued at $40,000 after buying an additional 384 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Bank of America decreased their price objective on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday. Piper Sandler reissued an “overweight” rating and issued a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Finally, Stephens raised their target price on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $68.60.

Tyson Foods Trading Down 0.0%

Shares of TSN stock opened at $58.89 on Friday. 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 market capitalization of $20.74 billion, a price-to-earnings ratio of 46.37, a PEG ratio of 1.21 and a beta of 0.40. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The company has a 50-day simple moving average of $61.54 and a two-hundred day simple moving average of $61.81.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS. Research analysts anticipate that Tyson Foods, Inc. will post 4.09 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.5%. 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.