Martingale Asset Management L P Acquires 900 Shares of Tyson Foods, Inc. (NYSE:TSN)

Martingale Asset Management L P boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,939 shares of the company’s stock after buying an additional 900 shares during the quarter. Martingale Asset Management L P’s holdings in Tyson Foods were worth $686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TSN. Orion Portfolio Solutions LLC boosted its stake in shares of Tyson Foods by 15.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 17,973 shares of the company’s stock valued at $1,070,000 after purchasing an additional 2,349 shares during the last quarter. MML Investors Services LLC grew its holdings in Tyson Foods by 10.0% during the 3rd quarter. MML Investors Services LLC now owns 28,657 shares of the company’s stock worth $1,707,000 after acquiring an additional 2,616 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Tyson Foods by 8.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 93,014 shares of the company’s stock valued at $5,540,000 after purchasing an additional 6,938 shares during the period. Barclays PLC increased its holdings in Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock worth $66,841,000 after purchasing an additional 446,648 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Tyson Foods by 14.6% during the 3rd quarter. M&T Bank Corp now owns 23,881 shares of the company’s stock worth $1,422,000 after buying an additional 3,049 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TSN shares. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. Barclays cut their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Stephens lifted their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. UBS Group assumed coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective on the stock. Finally, Citigroup lowered their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $60.49 on Friday. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The company’s 50-day moving average is $60.06 and its 200 day moving average is $59.58. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The company has a market capitalization of $21.55 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. Tyson Foods’s dividend payout ratio is presently 67.57%.

Tyson Foods Company 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.