45,613 Shares in Tyson Foods, Inc. $TSN Purchased by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the third quarter, Holdings Channel reports. The fund bought 45,613 shares of the company’s stock, valued at approximately $2,477,000.

Several other large investors have also modified their holdings of TSN. Harbor Capital Advisors Inc. lifted its position in shares of Tyson Foods by 93.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after purchasing an additional 228 shares during the period. Root Financial Partners LLC purchased a new position in Tyson Foods during the third quarter valued at approximately $28,000. MTM Investment Management LLC bought a new position in Tyson Foods in the second quarter worth approximately $36,000. Wilmington Savings Fund Society FSB raised its stake in Tyson Foods by 89.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock worth $37,000 after buying an additional 322 shares in the last quarter. Finally, Caldwell Trust Co purchased a new stake in Tyson Foods during the third quarter worth $38,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Down 1.2%

Tyson Foods stock opened at $60.30 on Friday. The business’s 50-day simple moving average is $62.27 and its two-hundred day simple moving average is $57.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The company has a market cap of $21.23 billion, a PE ratio of 107.68, a PEG ratio of 1.34 and a beta of 0.47. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $66.41.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The firm had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, June 1st. Tyson Foods’s payout ratio is presently 364.29%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TSN. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $69.00 target price on shares of Tyson Foods in a research report on Tuesday, February 3rd. Piper Sandler boosted their price target on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. JPMorgan Chase & Co. raised their price objective on Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Barclays lifted their target price on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Argus raised shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Three analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $64.27.

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.