ABN Amro Investment Solutions Buys Shares of 27,526 Tyson Foods, Inc. $TSN

ABN Amro Investment Solutions purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 27,526 shares of the company’s stock, valued at approximately $1,764,000.

A number of other hedge funds have also modified their holdings of TSN. Pzena Investment Management LLC increased its holdings in Tyson Foods by 12.1% in the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after purchasing an additional 1,845,200 shares during the last quarter. State Street Corp raised its holdings in shares of Tyson Foods by 0.6% in the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after buying an additional 85,282 shares during the period. Davis Selected Advisers lifted its stake in Tyson Foods by 28.8% during the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after acquiring an additional 2,865,413 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Tyson Foods by 20.6% during the 4th quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock valued at $475,669,000 after acquiring an additional 1,387,645 shares during the period. Finally, Invesco Ltd. grew its position in Tyson Foods by 1.4% in the 4th quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock valued at $354,995,000 after acquiring an additional 83,861 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Sanford C. Bernstein cut their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a report on Thursday, July 2nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Piper Sandler reissued an “overweight” rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Stephens increased their price objective on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings downgraded shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $70.88.

Tyson Foods Stock Up 1.3%

TSN stock opened at $57.47 on Friday. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $59.04 and its 200 day moving average price is $61.73. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a market cap of $20.24 billion, a P/E ratio of 45.25, a P/E/G ratio of 1.18 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results 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 the consensus estimate of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. On average, research analysts expect that Tyson Foods, Inc. will post 4.08 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

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