Tyson Foods, Inc. (NYSE:TSN) Stock Holdings Lowered by Keynote Financial Services LLC

Keynote Financial Services LLC trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,039 shares of the company’s stock after selling 266 shares during the period. Keynote Financial Services LLC’s holdings in Tyson Foods were worth $692,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC boosted its stake in shares of Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 570 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Tyson Foods in the 3rd quarter worth about $36,000. ST Germain D J Co. Inc. acquired a new stake in Tyson Foods during the 4th quarter worth about $42,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Tyson Foods during the fourth quarter valued at about $53,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN stock opened at $61.35 on Friday. The firm has a market cap of $21.85 billion, a P/E ratio of 20.73, a PEG ratio of 0.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $66.88. The stock’s 50-day moving average is $57.43 and its two-hundred day moving average is $60.03.

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

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Friday, May 30th. Tyson Foods’s payout ratio is presently 67.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TSN. BMO Capital Markets lifted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Barclays reduced their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report 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. Finally, Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research note on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.10.

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.