Natixis Buys 14,397 Shares of Tyson Foods, Inc. (NYSE:TSN)

Natixis grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 20.1% in the 4th quarter, Holdings Channel reports. The firm owned 86,166 shares of the company’s stock after purchasing an additional 14,397 shares during the period. Natixis’ holdings in Tyson Foods were worth $4,949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC boosted its position in Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after acquiring an additional 446,648 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Tyson Foods during the third quarter valued at approximately $1,241,000. Arvest Bank Trust Division purchased a new stake in Tyson Foods in the third quarter worth $270,000. Tidal Investments LLC raised its holdings in Tyson Foods by 37.5% in the third quarter. Tidal Investments LLC now owns 47,059 shares of the company’s stock worth $2,803,000 after purchasing an additional 12,830 shares in the last quarter. Finally, Synovus Financial Corp lifted its position in Tyson Foods by 12.9% during the third quarter. Synovus Financial Corp now owns 6,286 shares of the company’s stock valued at $374,000 after buying an additional 720 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSN. Stephens increased their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Citigroup lifted their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, April 15th. Barclays cut their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Piper Sandler upgraded 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. Finally, HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.78.

Tyson Foods Price Performance

TSN opened at $61.17 on Monday. The company’s 50-day simple moving average is $60.39 and its two-hundred day simple moving average is $59.64. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The stock has a market capitalization of $21.79 billion, a P/E ratio of 20.66, a P/E/G ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data 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 net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Friday, May 30th. Tyson Foods’s 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.