Leonteq Securities AG Acquires Shares of 8,242 Tyson Foods, Inc. $TSN

Leonteq Securities AG acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 8,242 shares of the company’s stock, valued at approximately $483,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Markel Group Inc. grew its stake in shares of Tyson Foods by 4.0% in the third quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock worth $46,074,000 after acquiring an additional 32,500 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Tyson Foods by 73.4% in the third quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock worth $102,042,000 after acquiring an additional 795,710 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Tyson Foods by 61.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 74,609 shares of the company’s stock worth $4,045,000 after acquiring an additional 28,274 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Tyson Foods by 306.4% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock worth $2,607,000 after acquiring an additional 36,197 shares during the period. Finally, AIA Group Ltd grew its stake in shares of Tyson Foods by 78.8% in the third quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock worth $2,780,000 after acquiring an additional 22,571 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $65.10 on Friday. The firm has a 50 day moving average of $64.29 and a 200 day moving average of $61.16. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $22.92 billion, a price-to-earnings ratio of 51.26, a price-to-earnings-growth ratio of 1.34 and a beta of 0.40. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. On average, research analysts anticipate that Tyson Foods, Inc. will post 4.1 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is 160.63%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TSN. JPMorgan Chase & Co. reduced their price target on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Barclays lifted their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Wall Street Zen upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Piper Sandler reiterated an “overweight” rating and issued a $80.00 price target on shares of Tyson Foods in a research note on Monday, May 4th. Finally, Stephens boosted their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and a consensus price target of $68.27.

About Tyson Foods

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.