Robeco Institutional Asset Management B.V. Grows Holdings in Tyson Foods, Inc. (NYSE:TSN)

Robeco Institutional Asset Management B.V. grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 149.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 421,827 shares of the company’s stock after purchasing an additional 252,635 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.12% of Tyson Foods worth $25,124,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Signaturefd LLC grew its stake in Tyson Foods by 6.9% in the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock worth $162,000 after acquiring an additional 175 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Tyson Foods by 1.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after purchasing an additional 189 shares during the period. EverSource Wealth Advisors LLC raised its position in Tyson Foods by 13.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after purchasing an additional 198 shares in the last quarter. Unison Advisors LLC lifted its holdings in shares of Tyson Foods by 0.8% in the 2nd quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock worth $1,460,000 after buying an additional 214 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Tyson Foods by 5.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,217 shares of the company’s stock worth $251,000 after buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TSN shares. Piper Sandler lowered shares of Tyson Foods from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. BMO Capital Markets upped their target price on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Bank of America reduced their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. JPMorgan Chase & Co. upped their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, Barclays raised their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $59.22.

Tyson Foods Trading Up 1.6 %

Tyson Foods stock opened at $59.26 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The stock has a market cap of $21.09 billion, a PE ratio of -987.67, a price-to-earnings-growth ratio of 0.37 and a beta of 0.78. The stock has a 50-day moving average of $60.64 and a two-hundred day moving average of $59.71. Tyson Foods, Inc. has a one year low of $45.13 and a one year high of $66.88.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. The firm had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. Tyson Foods’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. On average, research analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently -3,266.67%.

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.