Tyson Foods, Inc. $TSN Stock Position Increased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its position in Tyson Foods, Inc. (NYSE:TSN) by 263.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 40,623 shares of the company’s stock after acquiring an additional 29,434 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Tyson Foods were worth $2,603,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TSN. Empowered Funds LLC grew its stake in shares of Tyson Foods by 15.6% in the 1st quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock worth $1,792,000 after purchasing an additional 3,788 shares during the last quarter. Woodline Partners LP lifted its stake in Tyson Foods by 40.8% during the first quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock valued at $1,543,000 after purchasing an additional 7,011 shares during the last quarter. Focus Partners Wealth boosted its holdings in Tyson Foods by 84.0% during the first quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock worth $804,000 after buying an additional 5,749 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Tyson Foods by 100.3% during the second quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock worth $414,000 after buying an additional 3,702 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Tyson Foods by 129.2% in the second quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock worth $4,807,000 after buying an additional 48,451 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TSN shares. HSBC cut their price objective on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday. Stephens lifted their target price on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Weiss Ratings downgraded Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $70.67.

Tyson Foods Stock Down 4.6%

Shares of NYSE:TSN opened at $57.87 on Friday. The firm has a 50 day simple moving average of $58.45 and a 200 day simple moving average of $61.85. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The company has a market cap of $20.38 billion, a PE ratio of 45.57, a price-to-earnings-growth ratio of 1.26 and a beta of 0.40.

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

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.51 per share. 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 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.