10,222 Shares of Tyson Foods, Inc. $TSN Bought by Cidel Asset Management Inc.

Cidel Asset Management Inc. bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 10,222 shares of the company’s stock, valued at approximately $517,000.

Several other institutional investors have also recently added to or reduced their stakes in TSN. Bank of America Corp DE boosted its position in Tyson Foods by 17.8% in the first quarter. Bank of America Corp DE now owns 1,610,663 shares of the company’s stock valued at $103,195,000 after buying an additional 243,060 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Tyson Foods by 5.2% during the first quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company’s stock worth $82,166,000 after buying an additional 63,885 shares in the last quarter. Amundi increased its holdings in shares of Tyson Foods by 31.6% during the first quarter. Amundi now owns 1,225,806 shares of the company’s stock worth $78,537,000 after buying an additional 294,328 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Tyson Foods by 57.8% in the first quarter. Hsbc Holdings PLC now owns 930,379 shares of the company’s stock valued at $59,560,000 after acquiring an additional 340,671 shares during the last quarter. Finally, Markel Group Inc. raised its stake in shares of Tyson Foods by 0.6% in the first quarter. Markel Group Inc. now owns 889,500 shares of the company’s stock valued at $56,990,000 after acquiring an additional 5,000 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays reduced their target price on Tyson Foods from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, September 4th. BMO Capital Markets cut their price objective on Tyson Foods from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, September 4th. Piper Sandler reduced their price objective on Tyson Foods from $66.00 to $56.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 7th. HSBC decreased their target price on Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 22nd. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $66.78.

Tyson Foods Price Performance

Shares of TSN stock opened at $57.05 on Monday. Tyson Foods, Inc. has a 1 year low of $49.96 and a 1 year high of $69.48. The firm’s 50 day moving average is $53.71 and its 200-day moving average is $59.57. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 0.95 and a beta of 0.38. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. Tyson Foods’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. Sell-side analysts forecast that Tyson Foods, Inc. will post 3.49 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 annualized dividend and a yield of 3.6%. Tyson Foods’s dividend payout ratio is currently 125.93%.

Tyson Foods Company Profile

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.