Paloma Partners Management Co Takes $1.32 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Paloma Partners Management Co bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,457 shares of the company’s stock, valued at approximately $1,319,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mount Yale Investment Advisors LLC boosted its holdings in shares of Tyson Foods by 44.2% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 105,434 shares of the company’s stock worth $6,192,000 after buying an additional 32,331 shares during the period. Evergreen Wealth Solutions LLC raised its stake in Tyson Foods by 9.0% in the 1st quarter. Evergreen Wealth Solutions LLC now owns 4,442 shares of the company’s stock worth $261,000 after purchasing an additional 366 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Tyson Foods by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after purchasing an additional 128,274 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Tyson Foods by 29.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 654,915 shares of the company’s stock worth $38,463,000 after purchasing an additional 149,670 shares in the last quarter. Finally, Cadence Bank raised its stake in Tyson Foods by 5.6% in the 1st quarter. Cadence Bank now owns 17,359 shares of the company’s stock worth $1,019,000 after purchasing an additional 915 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

TSN stock traded down $0.15 during trading on Monday, reaching $60.86. 1,032,541 shares of the company were exchanged, compared to its average volume of 2,576,399. The company has a 50-day moving average of $57.51 and a two-hundred day moving average of $56.99. The company has a market capitalization of $21.73 billion, a price-to-earnings ratio of -34.19, a P/E/G ratio of 0.46 and a beta of 0.74. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $62.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, August 30th. Tyson Foods’s payout ratio is -110.11%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 7th. StockNews.com cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, July 20th. Bank of America dropped their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Piper Sandler boosted their target price on shares of Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.00.

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.