Price T Rowe Associates Inc. MD Boosts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Price T Rowe Associates Inc. MD raised its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,697,401 shares of the company’s stock after purchasing an additional 128,274 shares during the quarter. Price T Rowe Associates Inc. MD owned 3.84% of Tyson Foods worth $804,450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Canada Pension Plan Investment Board lifted its holdings in shares of Tyson Foods by 29.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 654,915 shares of the company’s stock valued at $38,463,000 after buying an additional 149,670 shares during the period. Cadence Bank lifted its holdings in shares of Tyson Foods by 5.6% in the 1st quarter. Cadence Bank now owns 17,359 shares of the company’s stock valued at $1,019,000 after buying an additional 915 shares during the period. Meritage Group LP acquired a new position in shares of Tyson Foods in the 1st quarter valued at about $283,000. Natixis acquired a new position in shares of Tyson Foods in the 1st quarter valued at about $2,389,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Tyson Foods in the 1st quarter valued at about $527,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

NYSE:TSN traded up $0.72 during trading hours on Friday, hitting $61.01. 1,223,233 shares of the stock were exchanged, compared to its average volume of 1,460,920. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average price is $57.50 and its 200 day moving average price is $56.93. The company has a market cap of $21.78 billion, a P/E ratio of -34.28, a P/E/G ratio of 0.46 and a beta of 0.74. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $62.04.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. The business had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) earnings per share. As a group, equities research analysts anticipate that Tyson Foods, Inc. will post 2.61 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.21%. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

Analyst Ratings Changes

TSN has been the subject of several analyst reports. BMO Capital Markets boosted their price objective on Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a report on Tuesday, May 7th. Citigroup upped their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. upped their price target on Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. Piper Sandler upped their price target on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Finally, Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $53.00 to $69.00 in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $60.00.

Tyson Foods Company 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.