Cetera Investment Advisers Boosts Stock Holdings in Tyson Foods, Inc. $TSN

Cetera Investment Advisers grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 23.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,547 shares of the company’s stock after buying an additional 22,886 shares during the quarter. Cetera Investment Advisers’ holdings in Tyson Foods were worth $7,788,000 at the end of the most recent quarter.

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

Tyson Foods Trading Down 4.6%

TSN opened at $57.87 on Friday. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The business has a 50 day simple moving average of $58.45 and a two-hundred day simple moving average of $61.85. The firm has a market capitalization of $20.38 billion, a price-to-earnings ratio of 45.57, a PEG ratio of 1.26 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same period last year, the company earned $0.92 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts predict that Tyson Foods, Inc. will post 4.08 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.5%. Tyson Foods’s payout ratio is 160.63%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSN. HSBC dropped their price objective on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday. Stephens upped their price target 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. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Piper Sandler reissued an “overweight” rating and set a $78.00 price target (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Finally, Bank of America cut their price target on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $70.67.

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.