TCTC Holdings LLC Purchases 387 Shares of Tyson Foods, Inc. (NYSE:TSN)

TCTC Holdings LLC lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 140.7% during the 4th quarter, Holdings Channel reports. The firm owned 662 shares of the company’s stock after acquiring an additional 387 shares during the period. TCTC Holdings LLC’s holdings in Tyson Foods were worth $38,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after purchasing an additional 859,351 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in Tyson Foods by 0.4% in the third quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock valued at $747,108,000 after acquiring an additional 54,217 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Tyson Foods by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock valued at $404,559,000 after acquiring an additional 87,054 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after acquiring an additional 427,582 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Tyson Foods by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company’s stock valued at $141,115,000 after acquiring an additional 98,799 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

TSN opened at $60.65 on Tuesday. The stock has a 50-day moving average price of $58.12 and a 200-day moving average price of $59.81. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The firm has a market cap of $21.60 billion, a PE ratio of 20.49, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion during 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 quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. Sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio is presently 67.57%.

Analyst Ratings Changes

Several research firms recently weighed in on TSN. UBS Group began coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. 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 report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup cut their price target 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. Finally, Barclays dropped their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.