Tyson Foods, Inc. $TSN Shares Bought by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY raised its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 372,014 shares of the company’s stock after purchasing an additional 9,108 shares during the quarter. Tyson Foods accounts for 2.0% of Matrix Asset Advisors Inc. NY’s portfolio, making the stock its 17th largest position. Matrix Asset Advisors Inc. NY’s holdings in Tyson Foods were worth $21,807,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. CIBC Private Wealth Group LLC lifted its holdings in shares of Tyson Foods by 10.6% during the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after purchasing an additional 179 shares during the period. Matrix Trust Co boosted its position in Tyson Foods by 28.8% in the fourth quarter. Matrix Trust Co now owns 818 shares of the company’s stock valued at $48,000 after buying an additional 183 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its holdings in Tyson Foods by 10.0% in the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock worth $119,000 after buying an additional 200 shares during the period. Focus Partners Advisor Solutions LLC raised its position in Tyson Foods by 1.2% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 18,074 shares of the company’s stock worth $975,000 after buying an additional 210 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Tyson Foods by 93.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after buying an additional 228 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Trading Up 0.4%

Tyson Foods stock opened at $64.31 on Thursday. The firm has a market cap of $22.64 billion, a PE ratio of 114.83, a P/E/G ratio of 1.39 and a beta of 0.47. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41. The stock’s 50 day simple moving average is $63.01 and its two-hundred day simple moving average is $58.13. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41.

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

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. Tyson Foods’s payout ratio is presently 364.29%.

Analyst Ratings Changes

Several analysts have commented on TSN shares. Barclays lifted their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Piper Sandler upped their price target on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. Finally, Argus upgraded Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $64.75.

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.