Assetmark Inc. Acquires 4,782 Shares of Tyson Foods, Inc. (NYSE:TSN)

Assetmark Inc. increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 397,511 shares of the company’s stock after acquiring an additional 4,782 shares during the period. Assetmark Inc. owned about 0.11% of Tyson Foods worth $22,833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cookson Peirce & Co. Inc. bought a new stake in shares of Tyson Foods during the 4th quarter worth approximately $529,000. Charles Schwab Investment Management Inc. raised its position in Tyson Foods by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company’s stock valued at $141,115,000 after purchasing an additional 98,799 shares in the last quarter. State of Michigan Retirement System raised its position in Tyson Foods by 3.1% during the 4th quarter. State of Michigan Retirement System now owns 96,228 shares of the company’s stock valued at $5,527,000 after purchasing an additional 2,900 shares in the last quarter. LGT Fund Management Co Ltd. bought a new stake in Tyson Foods during the 4th quarter valued at $2,429,000. Finally, SBI Securities Co. Ltd. bought a new stake in Tyson Foods during the 4th quarter valued at $72,000. 67.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research report on Tuesday, February 4th. Stephens lifted their price target on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. UBS Group initiated coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Performance

Shares of TSN stock opened at $60.79 on Thursday. The stock has a market cap of $21.65 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The business has a 50-day simple moving average of $57.63 and a 200-day simple moving average of $60.00. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 52-week low of $53.08 and a 52-week high of $66.88.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. On average, equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. Tyson Foods’s payout ratio is currently 67.57%.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.