Intech Investment Management LLC Purchases 52,274 Shares of Tyson Foods, Inc. $TSN

Intech Investment Management LLC grew its position in Tyson Foods, Inc. (NYSE:TSN) by 60.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 138,352 shares of the company’s stock after buying an additional 52,274 shares during the period. Intech Investment Management LLC’s holdings in Tyson Foods were worth $8,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. City Holding Co. bought a new position in shares of Tyson Foods in the 4th quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Tyson Foods by 62.3% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after buying an additional 198 shares during the period. Activest Wealth Management boosted its holdings 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 buying an additional 538 shares during the period. ORG Partners LLC boosted its holdings 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 buying an additional 655 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Tyson Foods by 110.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock worth $40,000 after buying an additional 384 shares during the period. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on TSN shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Argus raised shares of Tyson Foods to a “hold” rating in a report on Friday, February 6th. Stephens boosted their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Wall Street Zen raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Piper Sandler reissued an “overweight” rating and issued a $80.00 price objective on shares of Tyson Foods in a report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $68.27.

Tyson Foods Stock Performance

NYSE TSN opened at $61.20 on Friday. The firm has a 50-day moving average price of $64.55 and a two-hundred day moving average price of $61.57. The company has a market capitalization of $21.55 billion, a P/E ratio of 48.19, a P/E/G ratio of 1.25 and a beta of 0.40. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 EPS. Analysts anticipate that Tyson Foods, Inc. will post 4.1 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. Tyson Foods’s payout ratio is presently 160.63%.

Tyson Foods 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.