Groupama Asset Managment Grows Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Groupama Asset Managment increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 163.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 37,393 shares of the company’s stock after acquiring an additional 23,194 shares during the period. Groupama Asset Managment’s holdings in Tyson Foods were worth $2,137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Riverview Trust Co grew its holdings in shares of Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares during the period. Brooklyn Investment Group lifted its position in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 570 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after acquiring an additional 229 shares during the last quarter. TCTC Holdings LLC raised its stake in shares of Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock valued at $38,000 after acquiring an additional 387 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Tyson Foods in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the topic of a number of research reports. Barclays decreased their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research note on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Citigroup cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Trading Down 0.5 %

Shares of NYSE:TSN opened at $62.77 on Thursday. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company’s 50 day moving average is $59.55 and its two-hundred day moving average is $59.64. The company has a market cap of $22.36 billion, a PE ratio of 21.21, a P/E/G ratio of 0.74 and a beta of 0.72. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s payout ratio is 67.57%.

About Tyson Foods

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.