Uniting Wealth Partners LLC Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Uniting Wealth Partners LLC acquired a new position in Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, Holdings Channel reports. The firm acquired 3,864 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in Tyson Foods in the fourth quarter worth approximately $175,086,000. State Street Corp increased its stake in shares of Tyson Foods by 6.9% in the 3rd 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 in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Tyson Foods by 83.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company’s stock worth $69,601,000 after purchasing an additional 551,530 shares during the period. Barclays PLC lifted its position in Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after purchasing an additional 446,648 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Tyson Foods by 14.8% during 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 purchasing an additional 427,582 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

NYSE:TSN opened at $62.77 on Thursday. The business’s 50-day moving average is $59.55 and its 200 day moving average is $59.64. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The company has a market capitalization of $22.36 billion, a P/E ratio of 21.21, a P/E/G ratio of 0.74 and a beta of 0.72. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $13.46 billion. During the same period in the prior year, the firm earned $0.69 EPS. The company’s revenue for the quarter 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 fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Analysts Set New Price Targets

Several research analysts have recently commented on TSN shares. UBS Group started coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective on the stock. Piper Sandler raised 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. Barclays reduced their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Stephens lifted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Finally, HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $61.10.

About Tyson Foods

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.