28,650 Shares in Tyson Foods, Inc. $TSN Bought by OP Asset Management Ltd

OP Asset Management Ltd bought a new stake in Tyson Foods, Inc. (NYSE:TSN) during the first quarter, according to its most recent filing with the SEC. The firm bought 28,650 shares of the company’s stock, valued at approximately $1,836,000.

Several other institutional investors have also recently bought and sold shares of TSN. City Holding Co. acquired a new position in shares of Tyson Foods during the 4th quarter worth about $29,000. Cary Street Partners Investment Advisory LLC grew its holdings in Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after buying an additional 198 shares during the last quarter. Activest Wealth Management grew its holdings in Tyson Foods by 3,842.9% in the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after buying an additional 538 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Tyson Foods by 110.3% in 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. Finally, ORG Partners LLC increased its position in Tyson Foods by 2,519.2% in 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. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

TSN has been the subject of several research reports. JPMorgan Chase & Co. reduced their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Piper Sandler reaffirmed an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average price target of $68.20.

Tyson Foods Price Performance

Shares of TSN stock opened at $58.54 on Monday. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $69.48. The company has a market capitalization of $20.61 billion, a P/E ratio of 46.09, a P/E/G ratio of 1.18 and a beta of 0.38. The stock has a 50 day moving average of $62.13 and a two-hundred day moving average of $61.83. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data 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 business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.Tyson Foods’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. As a group, equities analysts expect that Tyson Foods, Inc. will post 4.16 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s payout ratio is 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.