Tyson Foods, Inc. $TSN Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,216,546 shares of the company’s stock after buying an additional 62,624 shares during the quarter. Van ECK Associates Corp owned about 0.34% of Tyson Foods worth $66,058,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Tyson Foods by 1.5% in the second quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock valued at $2,042,085,000 after acquiring an additional 543,513 shares during the period. State Street Corp raised its position in Tyson Foods by 3.2% in the 2nd quarter. State Street Corp now owns 13,990,394 shares of the company’s stock valued at $782,623,000 after purchasing an additional 439,623 shares during the last quarter. Pzena Investment Management LLC raised its position in Tyson Foods by 0.9% in the 3rd quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company’s stock valued at $750,943,000 after purchasing an additional 120,826 shares during the last quarter. Davis Selected Advisers grew its position in Tyson Foods by 91.4% during the 2nd quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock worth $501,025,000 after purchasing an additional 4,276,884 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Tyson Foods by 1.7% in the second quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock valued at $411,571,000 after purchasing an additional 122,055 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 1.7%

NYSE TSN opened at $60.26 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $21.22 billion, a P/E ratio of 107.61, a P/E/G ratio of 1.35 and a beta of 0.47. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $66.41. The firm has a 50-day moving average price of $62.16 and a 200 day moving average price of $57.57.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The business had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. Tyson Foods’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. Equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio is currently 364.29%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TSN shares. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their target price on Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Piper Sandler boosted their target price on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Argus upgraded Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Finally, BMO Capital Markets increased their price target on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Tyson Foods has an average rating of “Hold” and an average price target of $64.27.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.