Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 173,444 shares of the company’s stock after buying an additional 653 shares during the quarter. Vinva Investment Management Ltd’s holdings in Tyson Foods were worth $9,911,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TSN. Riverview Trust Co raised 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 valued at $26,000 after buying an additional 445 shares during the period. Brooklyn Investment Group raised its holdings in shares of Tyson Foods by 2,478.3% during the 4th 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 period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Tyson Foods during the 3rd quarter valued at about $36,000. SRS Capital Advisors Inc. raised its holdings in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after buying an additional 229 shares during the period. Finally, TCTC Holdings LLC raised its holdings in shares of Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock valued at $38,000 after buying an additional 387 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup dropped their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Barclays dropped their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. UBS Group started coverage on Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective on the stock. Stephens lifted their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Finally, Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $60.44 on Wednesday. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $21.53 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The business has a 50 day simple moving average of $58.22 and a 200-day simple moving average of $59.79.

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

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 currently 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.