Tocqueville Asset Management L.P. Raises Position in Tyson Foods, Inc. (NYSE:TSN)

Tocqueville Asset Management L.P. boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,630 shares of the company’s stock after purchasing an additional 3,900 shares during the period. Tocqueville Asset Management L.P.’s holdings in Tyson Foods were worth $2,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TSN. JPMorgan Chase & Co. grew its stake in shares of Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after acquiring an additional 352,863 shares during the period. Handelsbanken Fonder AB boosted its position in Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock worth $286,000 after purchasing an additional 729 shares during the period. Sound Income Strategies LLC increased its stake in shares of Tyson Foods by 14.0% in the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after purchasing an additional 6,955 shares in the last quarter. Empowered Funds LLC raised its position in shares of Tyson Foods by 289.9% in the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock valued at $1,395,000 after purchasing an additional 18,059 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in shares of Tyson Foods during the 4th quarter valued at approximately $775,000. 67.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on TSN shares. Piper Sandler upgraded shares of 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. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup lowered 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, Stephens upped their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods currently has an average rating of “Hold” and an average target price of $61.10.

Tyson Foods Stock Performance

Tyson Foods stock opened at $60.44 on Wednesday. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The firm’s fifty day moving average price is $58.22 and its 200-day moving average price is $59.79. The stock has a market cap of $21.53 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last issued 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%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, equities research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 dividend yield of 3.31%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 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.