Aster Capital Management DIFC Ltd Raises Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Aster Capital Management DIFC Ltd raised its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 74.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,386 shares of the company’s stock after buying an additional 2,723 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Tyson Foods were worth $367,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Riverview Trust Co lifted its position in Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock valued at $26,000 after acquiring an additional 445 shares during the period. Brooklyn Investment Group grew its holdings in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 570 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after purchasing an additional 229 shares in the last quarter. TCTC Holdings LLC lifted its holdings in shares of Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock valued at $38,000 after purchasing an additional 387 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods in the 4th quarter worth approximately $42,000. Institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TSN. Barclays reduced their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, UBS Group assumed coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price on the stock. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.10.

Tyson Foods Price Performance

NYSE TSN opened at $59.85 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The stock has a market capitalization of $21.32 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 0.74 and a beta of 0.62. The business’s fifty day moving average price is $59.77 and its 200-day moving average price is $59.62.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. During the same period last year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio is presently 67.57%.

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.